Nama Ventures invests in Digital Biometrics Platform FACEKI
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The Bahrain-based award-winning Digital Biometrics platform and cybersecurity solutions provider FACEKI has successfully raised an undisclosed amount in its latest Pre-Seed round led by Nama Ventures.
Founded in 2020, FACEKI founders Hamza Al-Ghatam, Dr Mustafa Marhama and Nabeel Radhi, set forth to combine their experience in Security, Cybercrime, AI, and Marketing to create next-generation cloud biometrics and verification technology. FACEKI Biometric Facial Recognition and Identity Verification platform help organizations verify and onboard their users integrating certified anti-spoofing solutions to help organizations confirm the authenticity of users logging in to fight risks of fraud.
FACEKI’s focus on innovation has led them to win numerous awards in 2021, including the gold award as The Most Innovative Technology Startup in MENA. As well as winning The Best Facial Recognition Authentication Platform in the Middle East. “We aspire to provide a more convenient and frictionless verification solution to help make customer onboarding experience simple, safe, and more secure.” Said Hamza Al-Ghatam, Co-founder and CEO of FACEKI. “We are delighted to have Nama Ventures as an investor and a partner, with the aim to help us expand our team, accelerate technology innovation, and reach new markets globally,” Al-Ghatam concluded.
FACEKI’s tech-driven offering proves highly needed at a time of hybrid work models, where remote access to databases is needed on a daily basis, especially with FACEKI’s ingenuous Arabic document verification proprietary technologies. The Bahrain-based team will use its newly acquired funds to further develop its technology and support its business operations. This latest investment was driven by FACEKI’s expertise and growth potential as Mohammed Alzubi, founder and managing partner of Nama Ventures concluded “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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