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Founded in 2017 by former Deloitte partner Hamid Tolga Ilhan, Amani is a Dubai-based B2B SaaS company providing AI-driven identity verification and biometric authentication solutions. The enterprise platform utilizes automated document scanning, facial recognition, and near-field communication technology to help banking, cryptocurrency, and telecommunications businesses securely onboard customers and prevent fraud. Operating with an estimated 50 to 100 employees across the Middle East and North Africa, the firm successfully raised over two million dollars in initial pre-seed funding comprising equity and grants. To strengthen its global compliance offerings, the organization established strategic industry partnerships with Oracle and Deloitte while achieving rigorous iBeta Level 1 and Level 2 anti-spoofing certifications. Recognized with multiple PSM Awards for its innovative digital transformation products, the growing technology company generates revenue through API licensing and usage-based fees per verification transaction.
Amani has raised $3.0M across 1 funding round.
Amani has raised $3.0M in total across 1 funding round.
Amani has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $3M Seed | — | Angel Investment Network | Announced |
Amani has raised $3.0M in total across 1 funding round.
Amani's investors include Angel Investment Network.
Amani is a Dubai-based RegTech company specializing in AI-powered identity verification, KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) compliance solutions.[2][4][5] It builds a comprehensive platform with customizable modules like Amani Video for synchronous video KYC, Amani Vista for ongoing AML screening, and tools for biometric verification, age checks, and fraud detection, serving regulated industries such as fintech, crypto, banking, transportation, gaming, and more—including clients like Binance, BTC Turk, Aktif Bank, Togg, and Bitaksi.[2][4][5][6] The platform solves identity fraud, onboarding inefficiencies, and regulatory compliance challenges by automating processes with proprietary AI models and computer vision, processing over 25M documents and verifying 10M+ customers to reduce costs, boost conversion rates, and eliminate bias.[2][4]
Amani targets businesses needing secure onboarding for customers, drivers, employees, sellers, or tenants, emphasizing ease of integration via SDKs and a studio for custom journeys.[4] Growth momentum includes a 2023 $1.1M pre-seed funding round led by Dubai Future District Fund with Egypt Ventures and angels (noted in related AI startup context), awards like PSM Gold for Digital Transformation Product of the Year (2021), and expansion from soft launch in 2020 to multiple enterprise clients by 2022.[1][5]
Amani was founded in 2018 by a former Deloitte partner aiming to deliver "Big 4 quality" to the identity verification industry, starting with incorporation in Dubai's DIFC (March 2018) as the first RegTech firm licensed there.[4][5][6] Key early milestones included a DIFC Fintech Hive accelerator finalist spot (November 2018), outsourcing proof-of-concept (September 2018), Turkey incorporation and in-house development start (2019), and a soft launch with initial enterprise client (2020).[5] Pivotal traction came with full launch in April 2021, partnerships like Fineksus (2020) and later Deloitte & Oracle (2022), and rapid client growth to 15 enterprises by early 2022.[5]
The idea emerged from the founder's consulting background to address gaps in high-quality, innovative IDV (Identity Verification) tools, with operations centered in Dubai and Istanbul, hiring AI engineers in Turkey for proprietary development.[5][6] Hamdi Kellecioğlu serves as COO, highlighting a team focused on modular, flexible solutions.[5][6]
Amani rides the explosive growth of digital onboarding and RegTech amid rising identity fraud, stricter global KYC/AML regulations (e.g., post-FTX crypto scrutiny), and AI-driven automation trends in fintech and beyond.[2][4][6] Timing is ideal in hubs like Dubai's DIFC, a gateway for MENA-Europe expansion, where regulatory sandboxes accelerate innovation while markets demand scalable compliance for crypto, gaming, and transport.[1][5][6] Favorable forces include AI advancements in biometrics/computer vision, remote verification needs post-pandemic, and investor interest (e.g., $1.1M pre-seed), positioning Amani to influence ecosystems by powering trust for giants like Binance and enabling smaller firms' compliance.[1][2][4]
It shapes the landscape by pioneering "risk-based" modules that cut manual reviews, reduce drop-offs, and set benchmarks for proprietary vs. generic tools, fostering a more secure digital economy.[4][5]
Amani's trajectory points to aggressive scaling in high-growth verticals like crypto and gig economy platforms, with next steps likely including deeper APAC/EU penetration, enhanced AI for real-time fraud (e.g., deepfake detection), and potential Series A funding to hit 100M+ verifications.[4][5] Trends like embedded finance, Web3 KYC mandates, and EU AI Act compliance will propel demand, evolving its influence from niche RegTech pioneer to infrastructure layer for global digital trust. This Dubai-born innovator, blending Big 4 rigor with AI agility, exemplifies how MENA hubs are redefining compliance tech for a borderless world.[1][5][6]
