Participated · Equity · Sep 2023

Enqura develops digital remote customer-acquisition tools, robust identity-verification, digital wallet solutions, and web and mobile applications, primarily for the financial sector. Its product suite incorporates AI and machine-learning technologies and is positioned as next-generation TechFin with cybersecurity capabilities. The company says it currently serves more than 50 financial institutions. With the new funding, Enqura plans to enhance products and service levels for existing and new customers. Management aims to accelerate international expansion, prioritizing Europe and the Gulf countries. The company intends to increase sales and marketing abroad to move toward becoming a global brand.