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In 2022, Jumia revealed it lost $207 million in 2022—$49.2 million in Q4 alone. The company also confirmed that it reduced its staff count in Dubai by 60%, and laid off 900 people in total in 2022. More in #TCDaily.
Smile Identity provides ID verification and KYC compliance for African faces and identities; raises $20 million for its expansion plans.
Identity verification platform Smile Identity has announced that it has raised $20 million in Series B funding to fund its pan-African expansion ambitions.
/PRNewswire/ -- Smile Identity, Africa's leading KYC onboarding and identity verification platform, announces the successful completion of its Series B funding...
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