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Due diligence platform Umazi closes pre-seed USD1m investment

Umazi, a due diligence platform automating enterprise identity verification, has secured a USD1 million investment from Innovate UK and other angel investors, as it announces a spate of high-profile partnerships with Artesian:DueDil and ComplyAdvantage to simplify their due diligence systems.

The USD1 million pre-seed investment which involved angel investors across the world will help fuel the regtech startup’s ambition to set the global standard for cross-industry digital identity and compliance.
Umazi is currently in Founders Factory’s accelerator programme where it has been collaborating with Aviva on potential opportunities to automate and streamline onboarding of suppliers for enterprise businesses. The startup is also developing its proposition to overcome costly, onerous and duplicative compliance processes.

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