VOVE ID
Overview
VOVE ID is a digital identity verification platform that provides secure, efficient, and automated solutions for identity verification across multiple channels. Founded in 2024 and headquartered in Temara, Morocco, the company focuses on providing comprehensive KYC (Know Your Customer) and KYB (Know Your Business) compliance solutions for businesses operating in the MENA and Africa regions. The platform, backed by Baobab Network, offers services such as ID document recognition, biometric verification, and AML (Anti-Money Laundering) screening. The company's primary objective is to make identity verification seamless and accessible for businesses of all sizes.
Recent Developments
- April 2025: VOVE ID announced a new funding round from The Baobab Network to expand its AI-powered KYC services across Africa and the Middle East. The investment will help accelerate the platform's growth and enhance its technological capabilities, including biometric authentication and real-time document checks.
- February 2025: VOVE ID launched a partnership with Ethiopian financial institutions to provide enhanced KYB services, supporting the region's economic growth by enabling transparent and compliant business practices.
- January 2025: VOVE ID released an update to its SDKs, enhancing mobile integration for iOS and Android platforms to streamline the onboarding process for new clients.
- September 2024: The company secured its first major deal with a North African bank, providing end-to-end identity verification solutions.
- July 2024: VOVE ID joined The Baobab Network's accelerator program, which provided strategic mentorship and access to a broader business ecosystem, aiding in overcoming regulatory challenges.
- 2024: Launched operations with a focus on the verification of over 2,000 document types from 190+ countries, supporting businesses in adhering to regional compliance standards.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2024 |
| Headquarters | Temara, Morocco |
| Founders | Khalid Aoussar, Tarik AIT M'BAREK, Youssef Saber |
| Key Investors | Baobab Network |
| Industry | Security Services (B2B), Database Software, Systems and Information Management |
| Number of Employees | 11-50 |
Early History
VOVE ID was founded in 2024 by a team of engineers and fintech specialists: Khalid Aoussar, Tarik AIT M'BAREK, and Youssef Saber. The innovative platform was developed to address the growing demand for secure digital identity verification in emerging markets, specifically targeting the rapidly expanding fintech, banking, and telecom industries in Africa and the Middle East. Starting as a bootstrapped project, VOVE ID quickly gained recognition for its "verify once, use everywhere" approach, which allows users to reuse a verified digital identity across different platforms, simplifying the compliance and onboarding processes.
Company Profile and Achievements
VOVE ID operates as a Software as a Service (SaaS) company providing an integrated platform for digital identity verification. The platform's advanced technology facilitates secure user authentication through features like biometric verification and automated document checks. Key achievements include:
- Developing customizable solutions to meet KYC and KYB compliance standards across multiple regions.
- Supporting over 2,000 types of identity documents and 190+ countries in its verification process.
- Achieving a 95% first-trial verification success rate.
- Securing investment from The Baobab Network, marking a milestone in the company’s growth trajectory.
- Strategic partnerships with financial institutions to enhance regulatory compliance and operational efficiency in the region.
Current Operations and Market Position
VOVE ID is actively redefining the digital identity landscape by providing secure and efficient verification solutions. With its AI-driven platform, the company significantly impacts the KYC market valued at over USD 18.6 billion. By offering scalable, pay-as-you-go pricing models and seamless integration capabilities, VOVE ID positions itself as a leader in democratizing access to enterprise-grade KYC tools for startups and SMEs. The company is focused on regional expansion and aims to transform identification processes to be more inclusive and cost-effective.
Conclusion
VOVE ID stands out in the digital identity market for its innovative approach to seamless, reusable identity verification, addressing the compliance needs of businesses in emerging markets. With strategic investments and partnerships, the company is poised to expand its influence across the MENA and African regions, aiming to become a key player in digital identity infrastructure. As digital transactions and online interactions grow globally, VOVE ID's solutions are increasingly relevant, promising continued growth and impact in the industry.