Prembly, a leading KYC/KYB solution provider for identity verification, and document verification, has partnered with Kenyan identity management firm Peleza, to form Prembly Group.
According to Prembly, the strategic partnership will see both companies leverage synergies to enhance service delivery across multiple sectors, including finance, telecommunications, e-commerce, and more.
While Prembly provides identity verification, security, and compliance, Peleza conducts background checks for businesses.
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Speaking on the merger, Lanre Ogungbe founder and CEO of Prembly said,
“The merger with Peleza deepens our industry knowledge and elevates our strengths and technologies, empowering us to exceed our clients’ expectations worldwide. We are also very excited to have Marita, with over 15 years of experience, join our leadership team at the newly formed Prembly Group to drive innovation and enhance our strategic initiatives”.
Ogungbe further explained that the decision to name the newly formed organization “Prembly Group”, was a result of a mutual agreement reached between both companies to leverage the brand equity and established market presence of Prembly, also given its global recognition in compliance and digital security solutions.
Also speaking, Peleza founder Marita Mutemi said, that the merger serves as an extension of its long-standing partnership, providing an opportunity to expand service offerings to customers across various markets and globally.
“This is once in a once-in-a-lifetime transformational opportunity to combine two great companies with great cultures, histories, and a promising future. The strength in both our numbers as one unified team, with both enterprises coming together to serve global markets and creating a combined culture that supports our single global vision of driving excellence in data integrity and regulatory compliance quite excites us”.
With the merger of both companies, Ogungbe has been appointed as the CEO of Prembly Group, while Marita Mutemi, CEO of Peleza, will join the Prembly Group as CFO and double as the CEO of Prembly East Africa. Also, other executives from Peleza, have been reassigned and retained their leadership roles.
It is worth noting that this strategic partnership between Prembly and Peleza will create a combined team with over 100 employees and operational offices in Uganda, Kenya, Nigeria, and the US, ensuring the expansion of products and footprint globally.
Since its launch in 2021, Prembly has processed over 40 million verifications, projected to triple with the recent merger with Peleza. The combined entity anticipated processing an average of 3.5 million identity verifications monthly.
According to Prembly Group, it noted that customers should expect enhanced capabilities in identity verification, background checks, risk management, and regulatory compliance solutions tailored to meet businesses’ evolving needs.