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 & Cons
Advantages
- Comprehensive verification suite
- Fast API response times (<2s)
- Reduces high drop-off rates through streamlined processes
- Multiple African market coverage
- Strong fraud detection capabilities
Limitations
- 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 Features
End-to-end encryption for all API communications
Fraud Detection
Multi-level authentication and authorization protocols
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Identity Verification | 0.5% - 1.5% | Per verification request |
| Bank Account Verification | 1.0% - 2.0% | Real-time validation |
| Risk Analysis | 1.5% - 2.5% | Comprehensive risk scoring |
| Fraud Intelligence | 0.8% - 1.8% | AML/PEP checks |
| Full API Suite | 2.0% - 3.5% | Complete verification package |
| Integration Support | Custom Quote | Technical implementation assistance |
Getting Started
Detailed Ratings
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.