Nigeria - Business creation project

Describe your project or startup in a few words

Verifylada specializes in secure, reliable document and identity verification services, utilizing advanced technology to ensure accurate, trustworthy results and seamless processes for efficient credential management

01.01 Describe your project in more detail

At Verifylada, we're dedicated to revolutionizing verification and management solutions. Specializing in identity and credentials verification, our platform serves academic institutions, financial organizations, INGOs, and Small-scale Businesses. We pride ourselves on simplifying processes, ensuring compliance, and providing a secure foundation for KY, beneficiary onboarding, and academic credentials verification, With a commitment to efficiency and trust, Verifylada is your partner in navigating the evolving verification landscape, fostering seamless experiences for a secure and compliant future.

01.02 What is the main problem you are trying to solve?

We are addressing the challenge of ensuring the authenticity and accuracy of documents and identities in various interactions, thereby reducing fraud, enhancing security, and increasing trust in personal and professional transactions

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Enhanced Security and Fraud Prevention: By utilizing advanced technology for document and identity verification, Verifylada significantly reduces the risk of fraud and unauthorized access, ensuring that only legitimate individuals and documents are accepted. Accurate and Reliable Results: Our comprehensive range of solutions guarantees precise verification outcomes, enhancing trust in every interaction and ensuring that businesses and individuals can rely on the authenticity of credentials. Seamless and Efficient Processes: Verifylada's streamlined verification processes save time and resources, making it easy for users to manage credentials and identities without unnecessary delays or complications.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Verifylada is aimed at serving a diverse range of clients who require secure and reliable document and identity verification services. Our targeted beneficiaries include: Businesses and Organizations: Companies across various sectors such as finance, healthcare, and education that need to verify the credentials of their employees, customers, and partners to prevent fraud and ensure compliance with regulations. Government Agencies: Public sector entities that require accurate identity verification to issue official documents, manage public records, and enhance national security. Individuals: Private citizens who need to authenticate their identities for personal transactions, secure access to services, and protect their personal information.

01.05 When did you start working on your project?

2024-08-01

01.06 How many other partners are associated with your business venture?

7

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Bashir Umar Garba : The founder, is a bsc holder information system and a Masters student of information software dev , system design Abdulsalam adamu: Is a Diploma holder in computer and sales is the head of sales and product design Lamido Bari: Is the project manager and Founder of Bitgag is a project manager with over 10 years of experience. Haliru : Is a software developer with over 5 years of experience Joseph : is a software dev and ML engineer with over 3 years of experience

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://www.verifylada.com/

01.10 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My project contributes to the No poverty goal

3

02.01.02 No poverty - Justification

yes

02.02.01 My project contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification

Verifylada indirectly supports the Zero hunger goal by enhancing efficiency and trust in identity verification processes. By ensuring accurate and reliable documentation, we facilitate smoother transactions in sectors such as agriculture and food distribution. This reduces administrative barriers and improves access to resources for organizations working directly to address food security issues. While not directly involved in food production or distribution, our services contribute to streamlined operations that support efforts to reduce hunger and improve food access in communities.

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

Verifylada empowers over 2,300 youths across Nigeria by providing them with employment opportunities as agents. This contributes to poverty alleviation by creating job opportunities, thus generating income for individuals and supporting local economies.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Verifylada contributes significantly to economic growth by generating a monthly revenue of 5,000,000 Naira. It provides decent work for over 2,300 youths serving as agents across Nigeria. These jobs not only provide income but also help in skill development and career growth, thereby enhancing overall productivity and economic stability.

02.05.01 My project contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification

Verifylada promotes gender equality by ensuring that over 35% of its agents are women. By providing equitable job opportunities and supporting women's participation in the workforce, Verifylada empowers women economically and helps bridge the gender gap in employment.

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification

Verifylada's services do not directly impact water or sanitation.

02.07.01 My project contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

Verifylada's services do not directly relate to energy issues.

02.08.01 My project contributes to the Decent work and economic growth

1 - Strongly Disagree

02.08.02 Decent work and economic growth - Justification

Verifylada contributes significantly to economic growth by generating a monthly revenue of 5,000,000 Naira. It provides decent work for over 2,300 youths serving as agents across Nigeria. These jobs not only provide income but also help in skill development and career growth, thereby enhancing overall productivity and economic stability. Additionally, with over 35% of agents being women, Verifylada supports inclusive and diverse employment practices.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Verifylada is at the forefront of innovation in the identity and document verification industry. By employing advanced technologies, it builds resilient infrastructure for secure and efficient identity management. This innovative approach not only strengthens the industry but also provides robust employment opportunities, with over 2,300 agents benefiting from this innovation.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

Verifylada reduces inequalities by ensuring unbiased verification processes, which support fair treatment in employment and other areas. Additionally, by employing over 2,300 youths as agents across Nigeria, Verifylada provides opportunities to individuals from diverse backgrounds, promoting inclusivity and equal opportunities. The inclusion of over 35% women in its agent cycle further emphasizes its commitment to reducing gender inequality.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

verifylada indirectly supports sustainable cities by enhancing security and trust in interactions within communities, though this is not its primary focus.

02.12.01 My project contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification

Verifylada's services do not directly impact responsible consumption and production patterns.

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

Verifylada's services do not directly contribute to climate action, although efficient digital processes may indirectly reduce some carbon footprint.

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

6

02.15.02 Life on land - Justification

Verifylada contributes to the Life on land goal by promoting sustainable practices in document verification and identity management. By digitizing verification processes, we reduce paper usage and minimize the environmental impact associated with traditional document handling. Additionally, our operations support local communities by providing economic opportunities without contributing to deforestation or habitat destruction. Through these practices, Verifylada actively participates in sustainable development efforts, promoting the responsible use of terrestrial ecosystems and biodiversity conservation.

02.16.01 My project contributes to the Peace justice and strong institutions goal

4

02.16.02 Peace justice and strong institutions - Justification

yes

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

yes

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

6

05.02 The product/service we envision creating represents an entirely new type of product/service.

6

05.03 The product/service we envision creating could be described as a new technology.

6

05.04 The product/service we envision creating is an improvement on an existing product or service.

6

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

4

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

6

05.07 The product/service we envision creating is a new version of an old product/service.

6

05.08 Justification

new

05.09 Who are your main potential competitors and what makes you stand out from them?

prembly Smile ID

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

yes For example i introduce female agents into the company so that they can assist POS agent in verification process