Identity verification expert Sumsub joins Kenyan Fintechs to advance innovation, digital security

March 12, 2025 in Business, Companies, Science and Technology, Technology & Telecoms by Editor

Cyprus registered identity verification firm Sumsub, has signed to membership with the Association of Fintechs in Kenya (AFIK), a partnership both parties see as helping to accelerate the evolution of Kenya’s financial technology landscape while expanding Sumsub’s global footprint.

“Sumsub’s closer co-operation with AFIK will prove mutually beneficial, enhancing collaboration in the fintech sector across the region while unlocking talent and sharing best-practices in the verification and fraud prevention space,” commented Hannes Bezuidenhout, Sumsub’s VP Sales for Africa,

Established in 2021 by a team of experienced professionals within the country’s fintech space, AFIK is the hub for a diverse group of fintech enthusiasts, entrepreneurs, companies, investors, and policymakers who aim for a unified platform for collaboration and progress.

“This partnership with Sumsub marks a significant milestone in the advancement of Kenya’s fintech ecosystem. By embracing innovative technologies and fostering collaboration, we are paving the way for a more inclusive, efficient, and secure financial landscape. We are excited to welcome Sumsub as a platinum member and look forward to the valuable contributions they will bring to the growth of our industry and the empowerment of Kenyan citizens,” said AFIK Chairman Ali Hussein.

Sumsub comes on board two months after AFIK joined forces with four other major fintech associations – the Fintech Association of Kenya (FINTAK), Digital Financial Services Association of Kenya (DFSAK), Digital Credit Providers Association (DCPAK), and Blockchain Association of Kenya (BAK) – to form an umbrella body known as The Fintech Alliance (TFA). This alliance aims to unify the fintech ecosystem in Kenya, focusing on policy advocacy, access to capital, innovation enhancement, and promoting economic and social growth.

With this membership, Sumsub will gain access to premium and exclusive benefits, including opportunities in both local and international Fintech markets. Sumsub will also have access to a dedicated Fintech distribution channel that connects members to clients, fostering collaboration and driving innovation within the East African Fintech sector. Additionally, the membership provides a direct link to other members who can offer solutions for in-house technology challenges. It also facilitates partnerships to train and develop both existing and emerging Fintech talent. Sumsub’s company logo will be showcased in selected activities, and it will have the opportunity to co-host events along with dedicated features in the AFIK newsletter, providing updates to the region on cutting-edge fintech reports and findings.