Highlights and Insights on the Merger: Peleza International and Prembly LTD as Prembly Group.

In June 2024, a significant milestone was achieved in the compliance and digital security landscape for emerging markets as Peleza International and Prembly LTD merger was completed. Peleza International, East Africa’s pioneer in background checks, merged with Prembly LTD, a digital security and compliance infrastructure company with a robust pan-African presence. The merger gave birth to Prembly Group, a powerhouse in Global Data Infrastructure and Compliance Solutions.

Peleza, known for its pioneering background checks and KYB solutions in East Africa, and Prembly, recognized for its comprehensive compliance operations and product suite, have joined forces to uphold a shared commitment to data integrity and regulatory compliance. This union marks a strategic step forward. It brings a blending of strengths and expansion of the capabilities of both entities to serve international corporations efficiently.

The Journey to the Merger

The merger’s roots trace back to a successful partnership between Peleza and Prembly. Initially working together on a partnership level. Its during this time both teams realized the potential for long-term collaboration. Over time, the partnership demonstrated significant cost savings and revenue growth, solidifying the decision to merge. Prembly’s expansion into international markets and Peleza’s extended suite of KYB and AML services provided a clear pathway for seamless integration, poised to serve as a bridge for international companies expanding into Africa and vice versa.

What does this mean for Customers & Stakeholders?

The combined business, now known as Prembly Group, will add more value to customers by providing a more meaningful impact on the quality of data they receive. This will enable customers to transact far and wide, access enterprises globally, improve their processes, accelerate their speed to market, expand their geographical footprint, and ensure that onboarded businesses continue to thrive.

Our Team Members’ Perspectives

Talking head merger — Team members perspectives

Ann Akintunde

Ann highlights that Peleza International and Prembly LTD merger will enhance operational efficiency, technical capacity, and expansion into emerging markets. She envisions Peleza’s solid KYC and background check products combining with Prembly’s technological capabilities to meet global demands. Ann anticipates a stronger brand presence. This will in turn lead to attracting more customers, referrals, partners, and investors, contributing to sustained growth and success.

“This is our strategic approach to growth, scale-up, operational efficiency, and enhanced customer experience within and outside Africa.”

Lydia Makrionitis

Lydia excitedly believes that by combining their strengths, they can increase coverage and expand their reach to meet diverse client needs. She is confident that the merger will establish a new standard of excellence in global data solutions. This will make it easier for companies to expand into Africa and beyond.

“The merger between Prembly and Peleza is a dynamic step forward, significantly enhancing our offerings, coverage, and capabilities. It marks the beginning of an exciting new chapter.”

Tolu Adetuyi

Tolu echoes the benefits of comprehensive global verification services and easier market entry. He emphasizes leveraging the extensive experience and expertise of both companies to drive innovation and improve service quality, with Peleza’s regional expertise in background check solutions being a significant asset.

Nephat Gikunju

Nephat believes the merger will result in a more robust services portfolio and broader client coverage. He anticipates easier and faster client and employee onboarding, enhancing the company’s position as a compliance giant.

“On this journey towards global compliance service delivery, Prembly and Peleza will go faster and further as one African giant.”

Brian Gichaga

Brian believes that the merger will significantly improve Prembly Group’s service offerings, encompassing all aspects of risk management and compliance worldwide. He anticipates that the merger will influence legislation and policies related to compliance, with Peleza’s expertise in background checks complementing Prembly’s KYB/KYC strengths. Brian emphasizes the crucial role of dedicated employees and how the merger’s ability to provide services across multiple countries can attract international firms.

“Coming together is a beginning, keeping together is progress, working together is success.” – Henry Ford

The merger of Peleza International and Prembly LTD combines complementary strengths in products, technologies, geographic footprints, and human capital. The newly formed Prembly Group is poised to become a formidable leader in compliance and data infrastructure, boasting a global reach, robust service lines, deep domain expertise, and operational efficiencies that drive innovation and growth. The team members’ overwhelming positivity highlights the significant potential and promising future of this merger.

Prembly-Peleza merger FAQs

FAQs for merger — Prembly-peleza merger FAQs

What is the name of the newly formed entity resulting from the merger between Peleza and Prembly?

The newly formed entity resulting from the merger will now be called Prembly Group.

Where will Prembly Group be headquartered?

Prembly Group’s new headquarters will be located in the United States.

What is the strategic rationale for the merger of Prembly and Peleza?

The strategic rationale for the merger was to establish a global footprint, deliver comprehensive data infrastructure and compliance solutions, and exceed client expectations worldwide.

What are the key areas of expertise that the combined entity will offer?

The combined entity will offer expertise in data infrastructure and compliance solutions on a global scale.

What sectors will benefit from the enhanced capabilities of the merged entity?

The merged entity aims to enhance service delivery across multiple sectors, including finance, telecommunications, e-commerce, and more.

What are the expected benefits for shareholders and investors of both companies from this merger?

The merger is expected to create value through significant cost synergies, operating margin expansion, and enhanced growth opportunities for shareholders and investors of both companies.