Regfyl

Regfyl is the all-in-one AML, fraud and compliance platform trusted by 100+ financial institutions. One connected system from customer onboarding to regulatory reporting.

Regfyl secures **$1.1 million** in funding to develop digital identity verification solutions targeting **anti-money laundering (AML) compliance** in Africa. The startup joins a growing field of identity verification firms addressing regulatory gaps across the continent. Regfyl’s technology aims to streamline KYC (know-your-customer) processes for financial institutions and businesses operating in regions with fragmented compliance frameworks.

Sep 2024Biometric Update | Biometrics News, Companies and ExplainersNews article

Regfyl secures $1.1 million in pre-seed funding to streamline business compliance in Nigeria. The round includes Rally Cap, Techstars, DCG, Musha Ventures, and angel investors. The capital will support team expansion in sales, engineering, and customer support roles.

Sep 2024- Fintech eyes in africaNews article

Regfyl secures **$1.1 million** in funding to develop AI-driven compliance tools for Nigerian financial institutions. The startup targets fraud prevention and regulatory adherence amid the country’s expanding digital economy. Solutions focus on automating risk assessments and transaction monitoring for banks and fintechs.

Sep 2024Launch Base AfricaNews article

Regfyl, a Nigerian fraud detection company, secures $1.1 million in pre-seed funding to grow its team and develop a new compliance product. The startup operates on a subscription model, charging ₦2 million ($1,220) annually for full platform access, alongside per-use fees for screening and monitoring customers.

Sep 2024TechCabalNews article