Regulon, a company simplifying business onboarding and automating compliance for fintechs across Africa and the UK has been selected to join the Baobab Accelerator.
As part of the three-month accelerator programme, Regulon will receive a $100,000 investment in exchange for 12.5% equity. Additionally, the programme will provide hands-on support, consulting, and access to a global network to help the founders to scale rapidly.
What problem is Regulon solving?
Businesses struggle with onboarding new customers. The lengthy and costly process slows down the sales process and inhibits growth. Regulon eliminates these challenges by automating compliance checks through its AI-powered platform, which consolidates fragmented business verification data across Africa, while reducing costs by up to 90%.
Regulon makes onboarding easier by letting businesses create company profiles that can be reused and shared. These profiles are linked to a “Regulon ID,” giving fintechs a single, trustworthy source for verifying customer information. This simplifies things for both the fintech companies and their customers. Regulon is building this important verification system specifically for the needs of businesses in Africa, helping them grow faster and operate more smoothly.
Second time a charm?
Regulon is led by Yao Baku, former CEO of Pennysmart, a Baobab Accelerator-backed startup that was acquired by Flutterwave, marking the company’s entry into the Ghanaian market. His experience makes him uniquely positioned to tackle the compliance challenges facing African fintechs.
With fintech in Africa growing over 20% annually and mounting regulatory pressures, Regulon’s API-first solution addresses a crucial need in the market. By consolidating fragmented data sources and automating verification processes, they’re positioned to become the essential compliance infrastructure powering African fintech’s future growth.
