Diligence memo · auto-generated · as of July 2, 2026
Smile Identity
Smile Identity has raised $7.0M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Smile Identity operates in Regtech, based in Africa. Nigerian startup Smile Identity, which enables ID verification and KYC compliance through artificial intelligence (AI) designed for African faces and identities, has secured US$7 million in Series A funding to improve its services and expand across more markets.
Sub-sector tags: ai/ml, regtech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Smile Identity has raised $7.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.0M on 2021-07-09.
Most recent recorded round closed around 2021-07-09.
Valuation (modeled)modeled
Provath models Smile Identity at approximately $112M (range $9.4M–$482M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 5.0 yr ago; this sector typically re-raises about every 7 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 72% of Regtech peers (29 compared).
Modeled value ranks above 79% of those peers.
Closest niche peers: Regology, Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.