When was Smile ID founded?

Smile ID was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Smile ID located?

Smile ID is headquartered in Lagos, Nigeria.

Who is the current CEO of Smile ID?

Mark Straub of Smile ID. They have also founded 1 company.

How many employees does Smile ID have?

As of Sep 30, 2026, the latest employee count at Smile ID is 69.

Is Smile ID a funded company?

Smile ID is a funded company, having raised a total of $31.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 08, 2017.

When was the latest funding round of Smile ID?

Smile ID's latest funding was a $***** Series B round on Feb 15, 2023, with participation from 10 investors.

Where does Smile ID rank among its competitors?

Smile ID ranks 292nd amongst 1912 active competitors, of which 351 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Smile ID?

Smile ID's top competitors include Yoti, IDnow and Simplex. Among them, Elliptic secured the most recent funding round in July, 2026.

Smile ID - 2026 Company Profile, Team, Funding & Competitors

Smile ID is a series B company based in Lagos (Nigeria), founded in 2017 by Mark Straub. It operates as a Provider of digital identity verification, fraud detection, and KYC compliance solutions. Smile ID has raised $31.1M in funding from investors like Costanoa, 500 Global and CRE Venture Capital. The company has 1912 active competitors, including 351 funded and 206 that have exited. Its top competitors include companies like Yoti, IDnow and Simplex.

Company Details

Provider of digital identity verification, fraud detection, and KYC compliance solutions. It offers tools for user authentication, anti-money laundering, and digital KYC. The company provides facial recognition technology and fraud risk signals, including AML checks and duplicate user screening. It also offers no-code ID verification tools, allowing businesses to add IDs, customize the interface, and share links for customer verification.

Website: usesmileid.com
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Key Metrics

Founded Year

2017

Location

Lagos, Nigeria

Stage

Series B

Total Funding

$31.1M in 4 rounds

Latest Funding Round

Series B, Feb 15, 2023, $*****

Investors

Costanoa & 17 more

Ranked

292^nd among 1912 active competitors

Employee Count

69 as on Sep 30, 2026

Investment & Acquisitions

Appruve

Similar Companies

Yoti & 2415 more

View Smile ID's full profile

Smile ID has raised a total funding of $31.1M over 4 rounds. Its first funding round was on Feb 08, 2017. Its latest funding round was a Series B round on Feb 15, 2023 for $*****. 10 investors participated in its latest round. Smile ID has 18 institutional investors.

Here is the list of recent funding rounds of Smile ID:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 15, 2023	4612628	Series B	3837856	1622117	4628421	7978102
Jul 08, 2021	5641484	Series A	5383672	6180303	3803212	LocalGlobe & 7 more
2019	3865	Seed	8787	8842	2440	9706

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View details of Smile ID's funding rounds and investors

The founders of Smile ID is Mark Straub. Mark Straub is the CEO of Smile ID.

Here are the details of Smile ID's key team members:

Mark Straub: Co-Founder & CEO of Smile ID.
Contact Info: 2 email addresses

View details of Smile ID's Founder profiles and Board Members

Smile ID's employee count trend

Smile ID has 69 employees as of Sep 26. Here is Smile ID's employee count trend over the years:

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Top competitors of Smile ID include Yoti, IDnow and Simplex. Here is the list of Top 10 competitors of Smile ID, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Yoti 2014, London (United Kingdom), Series B	Provider of privacy-focused identity and age solutions	$210M	HSBC, Nex.D & 12 others	76/100
2nd	IDnow 2010, Munich (Germany), Acquired	Provider of automated and expert-led identity verification and digital trust services	$40M	Seventure Partners, BayBG Venture Capital ... & 40 others	75/100
3rd	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	75/100
4th	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 64 others	74/100
5th	Evrotrust 2015, Sofia (Bulgaria), Series B	AI based identity verification and e-Signing solution provider	$13.8M	3TS Capital Partners, BDB & 6 others	73/100
6th	Digio 2016, Bengaluru (India), Series A	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	72/100
7th	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Abn Amro & 26 others	72/100
8th	HyperVerge 2014, Bengaluru (India), Seed	Provider of end-to-end KYC software and identity verification solutions	$1.55M	New Enterprise Associates, IKP Knowledge Park ... & 6 others	72/100
9th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Giza Venture Capital, FTV Capital & 3 others	72/100
10th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, SoftBank & 36 others	71/100
292nd	Smile ID 2017, Lagos (Nigeria), Series B	Provider of digital identity verification, fraud detection, and KYC compliance solutions	$31.1M	Khosla Impact, Susa Ventures & 16 others	42/100