Lanre Ogungbe led Prembly acquires data sharing firm, Tunnel
Prembly, which describes itself as a top provider of infrastructure for compliance and security in Africa, has announced the acquisition of secure data exchange firm Tunnel.
Through the incorporation of thorough financial data, this acquisition improves Prembly’s portfolio of security solutions and broadens its financial services capabilities while offering accurate identification verification.
Tunnel, a provider of data infrastructure and analytics, has become a reputable partner in the credit and identification sectors by linking lenders with reliable data and environmentally friendly technologies. Customers can send money as rapidly as possible with the use of its innovative fintech product, PhoneCash.
Businesses have access to a potent scaling tool thanks to the integration of Tunnel’s services, which makes it possible to obtain real-time consumer information from several sources using a single API.
Prembly has strategically decided to incorporate Tunnel into its current identity verification solutions because it recognises the significance of financial data as an essential component of identity verification.
“We are excited to announce the acquisition of Tunnel because we are aware of the distinct issues encountered across the markets. According to Lanre Ogungbe, CEO of Prembly, “This is in line with Prembly’s primary purpose to safeguard and empower businesses to prosper by delivering powerful compliance and security infrastructure. In order to enable customers to interact with various streams of financial solutions, Tunnel was created to make data accessible for regulated providers to access, utilise, and share.
We are proud to join forces with Prembly, as we merge our solutions into an extensive compliance and security network,” said Tobi Okedeji, co-founder and CEO of Tunnel.
With meaningful customer data and insights, in particular, this acquisition signals a push for corporate empowerment. As a result, Prembly’s operations are significantly altered, resulting in the development of an ecosystem ready to enhance data exchange and reduce risks through client verification.
It signifies a significant turning point in the company’s development and confirms a strong commitment to encouraging strategic alliances and partnerships to increase service offerings.
