Accra based fintech startup Inclusive Financial Technologies has been selected to join Google Launchpad Studio‘s applied machine learning acceleration programme for fintech startups.
The Ghanaian startup — which was founded in 2016 by CEO Paul Damalie and CTO Dela Ayivor — has developed Inclusive ID. The software is a single identity verification API that enables financial services providers to meet Anti Money Laundering (AML), Know-Your-Client (KYC) and Counter Terrorist Financing (CTF) compliance.
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Inclusive Financial Technologies was the only African startup selected to join the accelerator’s cohort of 10 startups. The remainder of the companies participating in the programme hail from the US, Singapore, India, Germany, Indonesia, Brazil and the UK.
Inclusive Financial Technologies has developed a single identity verification API that that enables financial services providers to meet AML, KYC and CTF compliance
As part of the programme, which is currently under away in San Francisco, the 10 startups will each be paired with a Google product manager to accelerate their product development, working alongside Google’s machine learning research and development teams.
In addition, the programme will cover how machine learning can be used for financial inclusion, stable currencies and identification services.
In a blog post announcing the cohort earlier this month, Google Launchpad global tech lead Rich Hyndman said the selected startups are defining how ML and blockchain can supercharge efforts to include everyone and ensure greater prosperity for all.
“Together, data and user behaviour are enabling a truly global economy with inclusive and differentiated products for banking, insurance, and credit,” he added.
Ventureburn sought comment from Damalie (pictured above), but he was unable to respond in time for publication citing that he was busy with the programme.
Last year the startup was one of the finalists of the Ecobank Fintech Challenge, and earlier this year the startup was selected to join Startupbootcamp AfriTech‘s second cohort.
Featured image: Inclusive Financial Technologies CEO and founder Paul Damalie speaking at the Ecobank Fintech Challenge and Innovation Fair in Lome, Togo on 30 August (Ecobank Fintech via Twitter)
