Overview
Akiba Digital is a South African B2B fintech company that provides financial intelligence solutions, unlocking financial opportunities for consumers and businesses using alternative data. The platform serves as a comprehensive API provider, offering KYC/KYB verification, risk analysis, and fraud intelligence services to financial institutions, lenders, and businesses across Africa.
The platform aims to create a single, digital profile of customers, empowering businesses to make informed decisions while reducing the time and cost associated with customer origination processes.
Key Features
Identity Verification
Automated KYC/KYB processes with business registration and ID verification
Bank Account Verification
Real-time bank account validation and verification
Risk Analysis
Comprehensive affordability, liquidity, and risk assessments with financial health forecasts
Fraud Intelligence
AML/PEP checks with sanction and default listings
Data Aggregation
Single real-time view of customers' performance data from cash flow to compliance
API Integration
RESTful APIs for seamless business integration
Pros
- Comprehensive verification suite
- Fast API response times (<2s)
- Reduces high drop-off rates through streamlined processes
- Multiple African market coverage
- Strong fraud detection capabilities
Cons
- Limited to the B2B market only
- Requires technical integration
- No direct consumer interface
- Pricing is not publicly transparent
- Dependency on third-party data sources
Security Analysis
Security Features:
- End-to-end encryption for all API communications
- Fraud Detection
- Multi-level authentication and authorization protocols
Pricing & Fees
How To Get Started
Initial Consultation
Contact Akiba Digital's sales team to discuss your business verification needs and requirements.
API Documentation Review
Access comprehensive API documentation to understand integration requirements and available endpoints.
Sandbox Environment Setup
Receive sandbox credentials to test API functionality before live implementation.
Integration Development
Develop and integrate Akiba's APIs into your existing business systems and workflows.
Testing and Validation
Conduct thorough testing of all verification processes in the sandbox environment.
Go-Live Process
Transition to production environment with full support from Akiba's technical team.
Ongoing Support
Access an expert support system for seamless user experience and technical assistance.
Final Verdict
Akiba Digital stands out as a robust B2B fintech solution for African businesses requiring comprehensive financial intelligence and verification services. While lacking consumer-facing features, its enterprise-focused approach delivers significant value through streamlined KYC processes and advanced risk analysis capabilities.
