SecureID Limited
“Can an African smart card manufacturer become the physical + digital identity infrastructure layer for the continent's banking, telecom, and government sectors?”
Founded2005
HQLagos, Nigeria
FoundersKofo Akinkugbe
IndustryInfrastructure / Card Manufacturing
The story
SecureID Limited is a Lagos-headquartered smart card manufacturer, not a fintech or embedded-finance platform. Founded in 2005 by Kofo Akinkugbe, it is the first Visa/Mastercard/AfriGo/GSMA-certified smart card manufacturing plant in sub-Saharan Africa. It produces the physical card stock (debit/credit/SIM/national ID) for 100+ banks and telcos across 21+ African countries — approximately 200M cards annually. It has expanded into adjacent digital identity solutions (SID Digital) and transit payment infrastructure (TPS), but it does not itself operate a regulated financial product.
Last 12 months
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Product timeline
0
Became the first certified smartcard manufacturing plant in sub-Saharan Africa (Visa, Mastercard, Verve, AfriGo, GSMA certified).· certification
0
Launched SID Digital subsidiary for digital identity and security solutions.· expansion
0
Launched Transport Payment Solutions (TPS) subsidiary for smart transit and mobility payment systems.· expansion
2005
SecureID Limited founded in Lagos, Nigeria by Kofo Akinkugbe as a smart card manufacturing company.· founding
Regulated entities
1
regulatory licence held by SecureID Limited
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in SecureID Limited’s embedded-finance stack
Card network
Accounting gap: none