Digital biometrics platform FACEKI has collected pre-seed funding from technology-focused venture capital firm Nama Ventures.
The size of the investment was not revealed.
Founded in March 2020, FACEKI offers biometric facial recognition and identity verification to help organisations improve customer onboarding. It was created by Hamza Al-Ghatam, Dr Mustafa Marhama and Nabeel Radhi, combining their experience in security, cybercrime, AI and marketing.
Its technology has anti-spoofing capabilities to ensure firms can identify fraud attempts and safeguard their systems.
Nama Ventures founder and managing partner Mohammed Alzubi said, “It is no secret that identity management and theft has become a paramount problem in our societies today. We were always looking to find a technology startup in MENA that is addressing this challenge head on.
“When we met the FACEKI team, we were truly blown by how complementary the skillsets of the team are to address this issue. We have no doubt that Hamza, Mustafa, Nabeel, and the awesome team of FACEKI will do wonders in the identity management and security space in MENA”.
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