In a major breakthrough for African innovation, Nigerian startup Regfyl has emerged as the winner of the prestigious Africa Fintech Summit Pitch in Washington D.C.
Regfyl, a cutting-edge anti-money laundering (AML) and fraud prevention solutions provider, beat out stiff competition from across the continent to take home the top prize.
The Africa Fintech Summit, held bi-annually, brings together leading Fintech innovators, investors, and policymakers from around the world to showcase the latest innovations and advancements in the field.
Regfyl’s winning solution utilizes Artificial Intelligence (AI) to provide unparalleled AML and fraud prevention solutions tailored specifically for the diverse and evolving needs of financial institutions in Africa.
“We are thrilled to have won this prestigious award,” said Dr. Tunde Ibidapo-Obe, CEO of Regfyl. “Our solution has the potential to transform the way financial institutions approach compliance challenges such as fraud and AML. We provide global-standard compliance solutions at affordable local prices, mitigating forex fluctuation risks.”
Regfyl’s CTO, Dr. Tomiwa Erinosho, added that the company has invested heavily in research to support rapidly scaling institutions, enhancing efficiency for fraud and compliance teams across Nigeria and beyond.
Regfyl’s win is a testament to the innovative spirit and entrepreneurial drive of African startups in the Fintech space. The company’s cutting-edge technology and commitment to research and development position it as a leader in the industry.
Regfyl is a one-stop toolkit that empowers fraud prevention and compliance teams in banks, fintechs, and other financial institutions in Africa. Its AI-powered platform offers API solutions for transaction monitoring, regulatory filings, and compliance management.
