JK Du Toit, CEO, TGPDC.

REdimension, a real estate technology company, said this week made a strategic investment in Good People Data company, which provides workflow automation, verification processes, and compliance solutions.

According to REdimension, the investment and partnership allows it to further enhance services and expand its reach

According to a joint statement, the terms have already been agreed upon, and this is the fourth investment for the REdimension and Sustainability Fund, which is advised by REdimension Capital and backed by strategic partners such as Burstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Group, and Sphere Holdings, among others.

The Good People Data Company, established in 2018, is a licensed credit bureau that specialises in cutting-edge solutions that improve customer, employee, and supplier on-boarding procedures while maintaining regulatory compliance and operational efficiency.

Over the past six years, the company has established a strong reputation by working with some of South Africa's most well-known brands and collaborating with the Southern African Fraud Prevention Services to combat fraud, money laundering, and impersonation crimes.

"The investment from REdimension represents a significant milestone for The Good People Data Company," said JK du Toit, CEO. "With their strategic expertise and resources, we are well positioned to accelerate our growth, expand into new markets, and continue driving innovation in the verification, compliance, and workflow automation sectors. Together, we will redefine how African businesses navigate the challenges of a digital-first world."

According to Du Toit, as digital services spread across Africa, the demand for dependable verification and screening solutions has increased, with a 356% increase in digital impersonation fraud attempts expected by 2023.

He went on to say: “The Good People Data Company’s innovative platforms address these challenges with advanced technologies, including biometric verification, anti-money laundering screening, and real-time compliance checks.

“By automating labour-intensive processes, the company reduces compliance costs, enhances accuracy, and empowers businesses to counter sophisticated fraud tactics effectively, while also enabling companies to meet growing regulatory requirements.”

In addition to verification, the company stated that it provides a suite of digital solutions, including contract and lease automation, document management, bank statement retrieval, income and expenditure classification, credit and asset profiling, and collusion monitoring.

These solutions are designed to satisfy the complicated and ever-changing needs of businesses across Africa, said the company

"The backing from REdimension reinforces our mission to deliver scalable, impactful solutions that enable businesses to thrive in an increasingly digital and interconnected world," added du Toit.

Peter Clark, managing partner at REdimension Capital.

Peter Clark, managing partner at REdimension Capital, commented: "This partnership allows us to further enhance our services and expand our reach, ensuring we remain at the forefront of Africa’s digital transformation.

"The Good People Data Company is setting the standard for digital transformation and inclusion in Africa. Their innovative technology not only addresses critical challenges but also unlocks opportunities for sustainable growth. We are excited to support their journey and contribute to their continued success."