As a business in Africa, you’ve probably had doubts about the people you’re dealing with. This includes partners, suppliers, customers, and various third parties and vendors – especially during an era of the African Continental Free Trade Area Agreement (AFCFTA).
That’s why running checks to verify the entities you do business with is both a smart risk-mitigation strategy and a regulatory compliance requirement for many industries.
Appruve, a global tech company, providing tools to verify the identities of individuals and businesses across Africa easily, is providing a way to easily verify the legitimacy of merchants and businesses in Africa with their product – Appruve Business.
With Appruve Business, African businesses can trust business partners, do business intelligently and drive growth! Their data infrastructure allows high-growth businesses to manage risk and compliance at scale, with minimal friction via Web, mobile apps, and APIs.
Features of Appruve Business
a. Business Lookup
Verifying the identifier of a business is a crucial part of business verification. When verifying a business identifier, Appruve will verify that the identification number is valid and that it matches the name passed to Appruve Business.
b. Beneficial Ownership Lookup
Appruve provides a holistic picture of all the people associated with each business which helps you to maintain compliance with Know Your Customer (KYC) and Ultimate Beneficial Owner requirements and understand the potential risk or fraud signals about each entity.
c. Financial Statement Request
Appruve Business allows you to get access to high-quality customer-consented data from financial accounts (bank and mobile money).
d. Address verification:
Appruve Business is connected to various addressing databases that allow you to verify the addresses associated with the business.
e. Fraud Database Search
Appruve business is designed to source fraud intelligence from proprietary sources across African networks as well as global databases.
f. Industry Risk Profiling
You can leverage their proprietary machine-learning algorithm to identify exactly what your customers do, make, or sell. With Appruve business, you can easily map industry selections to popular standards for industry classification and generate a set of labels and prediction values that can be used to identify entities operating in high-risk industries.
Appruve Business is currently available in Ghana, Nigeria, Uganda, Kenya, and South Africa.
You can sign up at www.appruve.co to get free credits to begin testing or contact sales at sales@appruve.co
You may also join their community on slack appruve.slack.com
Top of Form
Source: Ghana Web
Add Comment