Intergreatme start-up raises R27m in double-quick time

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Emergent ‘regtech’ company envisions a world in which consumers never fill out a form again

A team of young South Africans believes their three-year-old start-up, now valued at about R120m, can help ordinary people get rid of the daily pain associated with submitting forms and documents through an innovative technology platform.

Intergreatme’s core business is digitising personal information such as proof of residence, IDs and passports. Instead of having to submit the same information for a number of tasks, like applying for financing or filling out multiple forms when going for a medical check-up, users can scan a QR code and have their information instantly shared with service providers or government departments.

The team envisions a world where personal data can easily and securely be shared among a host of applications. As long as an activity requires a person’s information, Intergreatme sees a market, says Warner. Commenting on the funds raised, Warner said most of the initial 120 individual investors are black South African women. This has boosted the company’s BEE ratings.

 

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