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Verofax Secures $1.2M Seed Round for Automation and Traceability Platform


Verofax Secures $1.2M Seed Round for Automation and Traceability Platform
ABU DHABI, UAE, Mar 9, 2021 - (ACN Newswire) - Verofax Limited, an automation and traceability platform, has secured $1.2M in a Seed funding round, led by Trove Capital Limited UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding. This funding marks Verofax porting its platform on Microsoft Cloud and its recent Q4 expansion into Asia and Africa.
Mssrs Wassim Merheby and Jamil Zablah of Verofax Limited.
Established in 2018, Verofax has developed an automation and traceability platform that allows enterprises to prevent counterfeit, improve manufacturers engagement with consumers, and increase staff productivity with data insights. Verofax offers services such as Item ID serialization, traceability, and transaction certification on private Blockchain with cost and time to market advantage. ....

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Verofax wins Bahrain Islamic Bank's 'BisB Innovation Challenge'


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Verofax wins Bahrain Islamic Bank s BisB Innovation Challenge
25 January 2021
Source: Verofax
Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the BisB Innovation Challenge , a Fintech Competition run as part of the Bank s partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab , the Kingdom s open application programming interface (API) innovation platform.
Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers financial data. ....

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Verofax named winner of BisB Innovation Challenge


Verofax named winner of BisB Innovation Challenge
MANAMA, January 25, 2021
Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the BisB Innovation Challenge , a Fintech Competition run as part of the Bank s partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab , the kingdom s open application programming interface (API) innovation platform. 
 
Verofax, a mature and enterprise-ready service provider, was selected after rigorous screening to ensure a solution with the requisite level of feasibility and security to maintain the confidentiality and security of customers financial data.
 
Verofax, founded by Wassim Merheby, and technology partner Turnkey Lender proposed a unique approach in emerging as the Fintech with potential to build the most promising Proof of Concept (PoC) for the sought solution. Verofax offered a PoC for a Credit Scoring solution, incorporating alternative an ....

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