2024 was an exciting year for us at Youverify, and we’re excited to share how our innovative fraud and compliance solutions have reshaped the landscape of fraud prevention and compliance, impacting hundreds of millions of lives and facilitating access to opportunities across multiple countries. 

We dominated the year by turning challenges into explosive opportunities. Processing over 250 million compliance and fraud checks for multiple industries across the EMEA region. 

We helped our customers secure millions of transactions and protect consumers across Africa. Our cutting‑edge compliance solution now powers seventy percent of Nigeria’s top commercial banks and support key federal and state agencies.

Here’s a summary of our impact in numbers: 

• More than 162 million people were helped to access financial services.
• We facilitated over 31.8 million business relationships and accelerated their access to funding opportunities 
• Over 53 million people accessed financial inclusion and government intervention
• 22 million cross-border accounts were enabled, powering global financial connectivity

Trusted by Industry Leaders

In 2024, we earned the trust of clients from various industries and geographics. Our client demography highlights our strength in serving diverse needs across multiple markets:

• Commercial Banks:  Over 70% of Nigerian commercial banks, with an operating presence across West Africa, trusted our technology to onboard customers, safeguard transactions and perform enhanced due diligence.  
• Fintech Unicorns: 3 in 6 African fintech unicorns trusted our technology to secure their operations, meet regulatory compliance requirements and drive sustainable growth.
• E-Commerce: 1 in 3 of the largest e-commerce platforms leveraged our solutions to ensure safe and compliant business transactions.
• Government Agencies: Our fraud prevention and compliance robust systems supported over 6 federal and state government agencies, contributing to improved governance and regulatory adherence.

How We Maximized Value for Our Customers

Our customer centric approach to problem solving, and strategic initiatives have enabled customers to maximize every cent of their investment in compliance and fraud prevention. 

Key performance highlights include:

• 80% reduction in false positive rates, ensuring that alerts are precise and actionable.
• 70% reduction in fraud losses, directly protecting customer assets and preserving trust.
• 15 million hours saved through our automation tools, allowing teams to focus on strategic initiatives.
• 12,000 free training hours provided by AML experts and regulators, enhancing skills and promoting best practices across the industry.

Every milestone tells a story of bold innovation and the relentless pursuit of excellence. We reinvented our products, reimagined compliance, and again affirmed why Youverify is the undisputed leader in Africa’s rapidly evolving compliance and fraud prevention arena.

Today, we celebrate these achievements and look ahead with excitement. Our vision for 2025 promises even greater breakthroughs that will continue to set new industry benchmarks and transform the digital landscape.

To find out what's next on our journey, get the full report.

Discover how Youverify is shaping the future of fraud prevention and delivering unparalleled security and efficiency to businesses and consumers alike.

Please visit www.youverify.co or contact us at Support@yoverify.co 

Youverify …. Compliance made simple!