Regfyl, a Nigerian fraud detection company, raises $1.1million to expand team and build new compliance product
- Regfyl raised $1.1 million in pre-seed funding.
- Funding led by Rally Cap with participation from Techstars, DCG, and others.
- Regfyl provides digital identity verification and fraud detection tools.
Regfyl's approach to providing a comprehensive compliance solution positions it well in a market that is increasingly focused on fraud prevention and regulatory adherence. As digital transactions grow, the demand for robust identity verification tools will likely increase, making Regfyl's offerings timely and relevant. However, the startup must navigate a competitive landscape and continuously innovate to maintain its edge.
