UMAZI - Investment Opportunity
Umazi seeks to create a software-enabled market allowing corporations to create a single digital identity to share across industries automating due-diligence in real-time. These results can be shared with approved institutions and may be used by banks to onboard individual clients or corporations, enabling partnership with validated and verified third parties.
LIVE PITCHING
You have to log in or register to see this information.
INTERVIEW WITH ENTREPRENEUR
Interview with Umazi's founder and CEO Cindy van Niekerk
THE IDEA
Products & Services
Umazi is building a software-enabled market that adds value to customers and end users, with improved customer experience, while offering reduced risk and effort. It automates and accelerates verification processes, addressing inefficiencies across industries. Marrying DLT and network effects, it offers a utility that can scale across regulatory jurisdictions, and function in different languages. This is all housed on an open-source blockchain platform that enables next-gen transparency, security and efficiency in business.
Problem Solved
The existing due diligence systems of corporations and the relevant business transactions are antiquated. The processes require banks and corporations to collect and assess updated identity-related documentation (credentials) from all clients and partners, based on a largely manual, repetitive, inefficient, time-consuming, cumbersome, non-standardised, and expensive undertaking that lacks in security. Nearly 60% of companies view compliance as a barrier to entering new markets. There is no standardised communication between corporations and institutions, and no collaboration between industries. This leads to duplication of effort, cost increases, delays and significant customer frustration.
Revenue Model
The initial ‘ideal clients’ are law firms and their corporate clients, as they are the most actionable segment. The business model is that of a “network facilitator” between regulated institutions, their corporate clients, and trusted third-party validators. They expect to earn revenues from regulated institutions and their clients, and corporation and their partners based on subscriptions, with pricing tiered to permissioned volume.
Exit Strategy
You have to log in or register to see this information.
Minimum Target
£ 100,000
Maximum Target
£ 500,063
Minimum investment amount
£ 10,000
Maximum investment amount
£ 50,000
Share On
Website
Visit site
Location
LONDON
Gallery
The Idea
Products & Services
Umazi is building a software-enabled market that adds value to customers and end users, with improved customer experience, while offering reduced risk and effort. It automates and accelerates verification processes, addressing inefficiencies across industries. Marrying DLT and network effects, it offers a utility that can scale across regulatory jurisdictions, and function in different languages. This is all housed on an open-source blockchain platform that enables next-gen transparency, security and efficiency in business.
Problem Solved
The existing due diligence systems of corporations and the relevant business transactions are antiquated. The processes require banks and corporations to collect and assess updated identity-related documentation (credentials) from all clients and partners, based on a largely manual, repetitive, inefficient, time-consuming, cumbersome, non-standardised, and expensive undertaking that lacks in security. Nearly 60% of companies view compliance as a barrier to entering new markets. There is no standardised communication between corporations and institutions, and no collaboration between industries. This leads to duplication of effort, cost increases, delays and significant customer frustration.
Revenue Model
The initial ‘ideal clients’ are law firms and their corporate clients, as they are the most actionable segment. The business model is that of a “network facilitator” between regulated institutions, their corporate clients, and trusted third-party validators. They expect to earn revenues from regulated institutions and their clients, and corporation and their partners based on subscriptions, with pricing tiered to permissioned volume.
Exit Strategy
You have to log in or register to see this information.
