QoreID, the identity verification arm of VerifyMe Nigeria Limited, has facilitated over 100 million real-time identity verifications across Africa.
The company serves more than 1,000 organisations, including fintechs, neobanks, financial institutions and government agencies.
Founded to make data accessible and verifiable, QoreID has become a key partner for businesses seeking to validate identities, reduce fraud and streamline customer onboarding.
Miracle Onyebuchim, Head of Products at QoreID, said in a statement on Thursday that digital identity is essential to building trust in Africa’s digital economy.
Its platform connects to multiple data sources, enabling real-time identity checks and risk assessments across sectors such as finance, insurance and e-commerce.
“Unlocking economic potentials and enabling digital access, one verified identity at a time. Identity sits at the center of digital trust,” Onyebuchim said.
Each verification represents a practical outcome: a business accessing credit, a customer opening a digital wallet or an individual gaining access to services. However, gaps in identity coverage remain a challenge. Although 78 per cent of eligible individuals in 36 Sub-Saharan African countries have official identification, coverage varies across regions and demographics.
“The foundation of any digital economy is trust. Our mission is to solve identity verification at scale and support broader economic participation,” Onyebuchim added.
While many companies adopt identity verification for compliance, such as Know Your Customer (KYC), Anti-Money Laundering (AML) and Bank Verification Number (BVN) checks, QoreID sees identity as a driver of economic activity.
By improving onboarding and reducing fraud, the platform helps financial institutions, insurers, and marketplaces serve more customers. This is particularly important in a region where nearly half of the adult population remains unbanked.
Africa’s move toward digital finance has also led to increased fraud. In Nigeria alone, financial fraud losses reached tens of billions of naira in 2024.
“We address these risks using technology that combines AI authentication, document and biometric verification, liveness detection, address checks and fraud analytics—built with local realities in mind and designed to scale. Fraud is not hypothetical. We are addressing real losses with real solutions,” Onyebuchim said.
QoreID’s tools are accessible to organisations of all sizes. Its modular APIs and low-code options allow banks, telecom providers and SMEs to integrate identity systems efficiently.
From basic ID checks to more complex verification for high-risk products, QoreID supports a range of organisations across the continent.
“One verification can mean that a small business gets credit, a worker opens a wallet or a policyholder receives a faster claim,” he noted.
The company’s growth aligns with broader efforts to expand digital identity infrastructure in Africa, such as the World Bank’s ID4D initiative and national ID rollouts. While the government works to expand ID coverage, companies like QoreID help make these identities functional and secure for public and private use.
“When a company can verify a customer reliably, it can serve that customer. That is how you drive growth and inclusion.”
QoreID’s milestone of 100 million verification reflects ongoing progress toward a more secure and connected digital economy.
