Compliance and digital security company, <a href="https://prembly.com/" target="_blank" rel="noreferrer noopener">Prembly</a> has announced a merger with <a href="https://peleza.com/" target="_blank" rel="noreferrer noopener">Peleza</a>, an East African background checks and KYB company serving some of the most notable international organisations in the region. According to the company, the strategic alliance will leverage synergies to enhance service delivery across multiple sectors, including finance, telecommunications, e-commerce and more. 
According to an announcement shared with Technext, both entities will operate under a unified brand such as the Prembly Group. The financial details of this transaction weren’t disclosed but both teams confirmed it was of mutual interest. 
“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,” said Lanre Ogungbe, founder and CEO of Prembly. 
The brand equity inherent in both companies will enhance their core strengths provide increased resources to invest in growth opportunities and make the new entity the most robust data infrastructure and compliance solutions company serving emerging markets. 
Combining both teams with over 100 employees and operational offices in Uganda, Kenya, Nigeria and the US, Prembly Group will ensure the expansion of products and footprint globally. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1280" height="830" src="https://technext24.com/wp-content/uploads/2024/07/Prembly_Peleza-2.jpg" alt="" class="wp-image-233141">
</figure> 
According to the company, customers can expect enhanced capabilities in identity verification, background checks, risk management, and regulatory compliance solutions tailored to meet businesses’ evolving needs. 
With almost a decade of experience in the East African region and key partnerships, including Uber, Bolt, and FedEx, Peleza brings a legacy of business excellence and strong customer relations. This merger further demonstrates increased growth opportunities within the continent and is expected to create significant value for shareholders, customers, and investors. 
“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!” said Marita Mutemi of Peleza. 
Recall that Prembly acquired Tunnel, a company that facilitates legitimate data sharing among businesses 11 months ago, &nbsp;to bolster Prembly’s already extensive array of security solutions. Tunnel (Usetunnel Limited) was founded by Tobi Okedeji, Yusuf Badmos, and Ibraheem Lanre 
At that time, the company noted that incorporating Tunnel’s services for Prembly would help it equip businesses with a potent tool for scaling by granting them access to real-time customer information from various sources via a unified API. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="800" height="400" src="https://technext24.com/wp-content/uploads/2023/07/Prembly.png" alt="Prembly acquires Tunnel to expand financial data capabilities across Emerging Markets" class="wp-image-205434">
 </figure>
</div> 
Similar: <a href="https://technext24.com/2023/07/31/prembly-acquires-tunnel-to-expand/">Prembly acquires Tunnel to expand financial data capabilities across emerging markets</a> 
<h5 id="more-about-prembly" class="wp-block-heading">More about Prembly</h5> 
Founded in 2021, Prembly has quickly become a key player in the digital security and infrastructure space, serving enterprises and global companies by helping them expand into emerging markets and positioning the continent as the next hub for growth. 
By partnering with several African governments to provide tailored solutions that account for the intricacies of local contexts regarding adoption and implementation, Prembly has facilitated digital security transformation and has been at the forefront of compliance solutions for emerging markets. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="1280" height="728" src="https://technext24.com/wp-content/uploads/2024/07/Prembly_Peleza-1.jpg" alt="" class="wp-image-233140">
 </figure>
</div> 
Since launching in 2021, Prembly has processed over 40 million verifications, projected to triple with this merger, with an average projection of about 3.5 million identity verifications monthly, covering emerging markets and global data infrastructure needs.

Prembly and Peleza announce strategic merger to become Prembly group

Technext.ng

Other articles published on Jul 3, 2024

Experts Analyze Bitcoin’s Market Situation

Waves Platform Simplifies Crypto Creation

MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Est...

Most Promising Crypto Projects for July 2024

New Meme Coin Shiba Shootout Nears $500K in Presale – Will SHIBASHOOT Explode?

TAO Token Dips 15% Amid Bittensor Security Breach

Join our free newsletter for daily crypto updates!