Smile ID
formerly Smile IdentityAI-powered Identity Verification for the Next Billion Users
Lagos, Nigeria · Founded 2017 · $51.0M raised
- Headquarters
- Lagos
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- smile.id
- Total Funding
- $51.0M
- Last Round
- $20.0M Series BFeb 2023
- Rounds
- 5
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Smile ID provides AI-native identity verification designed for local market conditions, helping businesses onboard, authenticate, and screen users through one platform. Its layered defenses combine biometrics, device intelligence, network intelligence, government-database checks, and document-verification models. The platform supports real-world conditions such as low light, low bandwidth, and diverse devices while helping companies verify users, stop account takeovers, and screen identities against sanctions, politically exposed persons, and adverse-media lists.
Summary
Smile ID is a Cybersecurity company based in Lagos, Nigeria, founded in 2017. It has raised $51.0M in total across 5 rounds, most recently a $20.0M Series B round in Feb 2023. Investors include Costanoa Ventures, 500 Global and Norrsken22.
Tech & App Stack
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Funding History
Feb 2023
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
Costanoa Ventures
3 rounds
500 Global
3 rounds
Norrsken22
1 round
CRE Venture Capital
1 round
LocalGlobe
2 rounds
Commerce Ventures
1 round
Courtside Ventures
1 round
Two Culture Capital
1 round
Flourish Ventures
1 round
International Finance Corporation
1 round
ValueStream Ventures
1 round
Story Ventures
1 round
Intercept Ventures
1 round
Future Africa
1 round
Beta.Ventures
1 round
Khosla Ventures
1 round
Susa Ventures
1 round
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