Prembly, a leading compliance and digital security company, has announced a strategic merger with Peleza, an established East African background checks and KYB company.
This alliance is set to revolutionize service delivery across multiple sectors, including finance, telecommunications, and e-commerce, by leveraging the combined strengths and expertise of both organizations.
Prembly Group
The merger will result in the formation of the Prembly Group, a unified brand that brings together the core competencies of both companies.
While the financial details of the transaction remain undisclosed, both parties have confirmed that the merger is of mutual benefit and aligns with their strategic goals.
Lanre Ogungbe, founder and CEO of Prembly, expressed enthusiasm about the merger, stating:
“The merger with Peleza deepens our industry knowledge and elevates our strengths and technologies, empowering us to exceed our clients’ expectations worldwide. We are also very excited to have Marita, with over 15 years of experience, join our leadership team at the newly formed Prembly Group to drive innovation and enhance our strategic initiatives.”
Enhancing Core Strengths and Expanding Reach
The newly formed Prembly Group will capitalize on the brand equity of both Prembly and Peleza, enhancing their core strengths and providing increased resources for growth opportunities.
This strategic move positions the new entity as the most robust data infrastructure and compliance solutions company serving emerging markets.
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With a combined workforce of over 100 employees and operational offices in Uganda, Kenya, Nigeria, and the US, the Prembly Group is well-positioned to expand its product offerings and global footprint. This extensive network will enable the company to provide more comprehensive and localized services to its diverse client base.
Customers of the Prembly Group can expect enhanced capabilities in identity verification, background checks, risk management, and regulatory compliance solutions. These offerings will be tailored to meet the evolving needs of businesses in the digital age, providing cutting-edge tools to navigate the complex landscape of digital security and compliance.
Peleza brings to the table almost a decade of experience in the East African region, along with key partnerships with industry giants such as Uber, Bolt, and FedEx. This wealth of experience and established relationships will further bolster the Prembly Group’s ability to serve a wide range of clients across various industries.
Marita Mutemi of Peleza shared her excitement about the merger:
“This is a once-in-a-lifetime transformational opportunity to combine two great companies with great cultures, histories, and a promising future. The strength in both our numbers as one unified team, with both enterprises coming together to serve global markets and creating a combined culture that supports our single global vision of driving excellence in data integrity and regulatory compliance quite excites us!”
This merger not only demonstrates the increased growth opportunities within the African continent but is also expected to create significant value for shareholders, customers, and investors. It represents a bold step towards creating a more secure and compliant digital ecosystem in emerging markets and beyond.
Prembly’s Track Record and Future Projections
Founded in 2021, Prembly has quickly established itself as a key player in the digital security and infrastructure space. The company has been instrumental in helping enterprises and global companies expand into emerging markets, positioning Africa as the next hub for growth.
By partnering with several African governments, Prembly has provided tailored solutions that account for the intricacies of local contexts regarding adoption and implementation, facilitating digital security transformation and spearheading compliance solutions for emerging markets.
Since its inception, Prembly has processed over 40 million verifications, a number projected to triple with this merger. The combined entity anticipates an average of about 3.5 million identity verifications monthly, covering emerging markets and global data infrastructure needs.
This impressive growth trajectory underscores the potential impact of the Prembly Group in shaping the future of digital security and compliance.
