Smile ID Overview
- Year Founded
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2017
- Status
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Private
- Employees
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66
- Latest Deal Type
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Series B
- Latest Deal Amount
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$19.8M
- Investors
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31
Smile ID General Information
Description
Developer of an identity management platform designed to monitor customer records easily. The company's platform includes a neutral network of image recognition algorithms and a turnkey service for any bank, telecom, or application-based service that needs remote biometric enrollment, ID validation, and authentication with no special hardware, enabling companies to scale rapidly by confirming the true identity of their users in real time, using any smartphone or computer.
Contact Information
Website
www.usesmileid.comCorporate Office
- Legacy Serviced Office, 1619 Danmole Street
- Victoria Island
- Lagos, 106104
- Nigeria
Corporate Office
- Legacy Serviced Office, 1619 Danmole Street
- Victoria Island
- Lagos, 106104
- Nigeria
Smile ID Timeline
Smile ID Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series B) | 15-Feb-2023 | $19.8M | Completed | Generating Revenue | ||
| 5. Later Stage VC (Series A1) | 03-Feb-2022 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 05-Nov-2020 | Completed | Generating Revenue | |||
| 3. Seed Round | 23-May-2018 | Completed | Generating Revenue | |||
| 2. Grant | 01-May-2017 | $100K | $150K | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 08-Feb-2017 | $150K | $150K | Completed | Generating Revenue |
Smile ID Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B-2 | ||||||||
| Series B-1 | ||||||||
| Series A-3 | ||||||||
| Series A-2 | ||||||||
| Series A-1 | ||||||||
| Seed-4 | ||||||||
| Seed-3 | ||||||||
| Seed-2 | 1,114,096 | $0.000010 | $0.01 | $0.09 | $0.09 | 1x | $0.09 | 1.83% |
| Seed-1 | 8,136,184 | $0.000010 | $0.03 | $0.38 | $0.38 | 1x | $0.38 | 13.33% |
Smile ID Comparisons
Industry
Financing
Details
Smile ID Competitors (41)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Veridas | Corporate Backed or Acquired | Tajonar, Spain | ||||
| Shufti Pro | Venture Capital-Backed | London, United Kingdom | ||||
| Electronic Verification Systems | Corporation | Louisville, KY | ||||
| Cognitec | Private Equity-Backed | Dresden, Germany | ||||
| Quividi | Venture Capital-Backed | Paris, France |
Smile ID Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Smile ID Executive Team (7)
| Name | Title | Board Seat |
|---|---|---|
| Cameron Gray | Chief Technology Officer | |
| Binny Arora | Finance Director | |
| William Bares | Co-Founder & Senior Advisor | |
| Alastair Curtis | Advisor | |
| Pule Taukobong | Advisor |
Smile ID Board Members (5)
| Name | Representing | Role | Since |
|---|---|---|---|
| John Cowgill | Costanoa Ventures | Board Member | |
| Karl Antle | ValueStream Ventures | Board Observer | |
| Lexi Novitske | Norrsken22 | Board Member | |
| Mike Grossman | Self | Board Member | |
| Pardon Makumbe | CRE Venture Capital | Board Member |
Smile ID Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Smile ID Investors (31)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 500 FinTech | Venture Capital | Minority | ||
| Africa Future Fund | Venture Capital | Minority | ||
| Commerce Ventures | Venture Capital | Minority | ||
| Costanoa Ventures | Venture Capital | Minority | ||
| Courtside Ventures | Venture Capital | Minority |
Smile ID Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Appruve | 26-Apr-2023 | Business/Productivity Software |
Smile ID Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Appruve | Business/Productivity Software | Accra, Ghana |
Smile ID FAQs
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When was Smile ID founded?
Smile ID was founded in 2017.
-
Who is the founder of Smile ID?
William Bares and Mark Straub are the founders of Smile ID.
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Who is the CEO of Smile ID?
Mark Straub is the CEO of Smile ID.
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Where is Smile ID headquartered?
Smile ID is headquartered in Lagos, Nigeria.
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What is the size of Smile ID?
Smile ID has 66 total employees.
-
What industry is Smile ID in?
Smile ID’s primary industry is Business/Productivity Software.
-
Is Smile ID a private or public company?
Smile ID is a Private company.
-
What is the current valuation of Smile ID?
The current valuation of Smile ID is .
-
What is Smile ID’s current revenue?
The current revenue for Smile ID is .
-
How much funding has Smile ID raised over time?
Smile ID has raised $31M.
-
Who are Smile ID’s investors?
500 FinTech, Africa Future Fund, Commerce Ventures, Costanoa Ventures, and Courtside Ventures are 5 of 31 investors who have invested in Smile ID.
-
Who are Smile ID’s competitors?
Veridas, Shufti Pro, Electronic Verification Systems, Cognitec, and Quividi are some of the 41 competitors of Smile ID.
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