Nigeria - Startup under 3 years old

Describe your project or startup in a few words

TriadCredit integrates data from three major credit bureaus (CRC, Credit Registry, and FirstCentral) to provide comprehensive credit histories, enabling well-informed lending decisions for financial institutions.

01.01 Describe your startup in more detail

Dikript is a strategic partner specializing in streamlining customer onboarding, facilitating Know-Your-Customer (KYC/KYB) procedures, and assessing creditworthiness. We integrate data from multiple sources, including the National Identity Management Commission (NIMC), and collaborate with various KYC service vendors to ensure comprehensive and accurate results. Our offerings include NIN Validation, BVN-NIN Linkage, and access to applicants' credit histories from all three major credit bureaus. We provide services through APIs and web platforms, tailored to meet the needs of large corporations and financial institutions. Our solutions are designed to enhance compliance, improve operational efficiency, and support better decision-making processes.

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

Dikript addresses the challenge of Trust - verifying and validating customer identities, which is critical for financial institutions to comply with regulatory requirements and mitigate risks. Traditional single-source verification methods often result in incomplete or inaccurate data, leading to potential fraud and financial losses. By integrating multiple data sources, including the National Identity Management Commission (NIMC) and major credit bureaus, Dikript provides a comprehensive and accurate view of an individual's identity and creditworthiness. This multi-source approach ensures that institutions can make well-informed decisions, enhance compliance, and streamline their onboarding and verification processes.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Comprehensive Data Integration: We offer a holistic approach by integrating data from multiple sources, including the National Identity Management Commission (NIMC), and collaborating with a network of KYC service vendors. Unlike competitors who may rely on limited or single-source data, our multi-source strategy ensures you receive comprehensive and accurate results every time. Enhanced Compliance: Our solutions help institutions comply with regulatory requirements by providing thorough and reliable verification processes, reducing the risk of non-compliance and associated penalties. Improved Decision-Making: By offering access to comprehensive credit histories and robust identity verification, Dikript positions itself as a single link, enabling institutions to make better-informed lending and customer onboarding decisions, reducing the risk of fraud and financial losses.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Banks and Financial Institutions: To enhance their KYC/KYB processes, improve credit assessment accuracy, and comply with regulatory mandates. Corporations: Particularly those involved in lending, insurance, and other customer-centric services that require reliable identity verification and creditworthiness assessment. Unbanked Individuals: Through our PhoneNIN service, we aim to provide unbanked individuals with access to financial services by verifying their identities using their phone numbers.

01.05 When was your company established?

2023-07-19

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Co-Founder and CTO - Timilehin Oladunni: Skills: Expert in software development, systems architecture, and cybersecurity. Experience: Over 7 years of experience in the tech industry, previously led development teams at leading tech companies, and has successfully launched multiple enterprise-level solutions. Co-Founder and COO - Eloho Edebiri: Skills: Operations management, process optimization, and business strategy. Experience: With 12 years of experience in operations and business development, Eloho has a proven track record of scaling startups and enhancing operational efficiency. Co-Founder and Head of Partnerships - Emmanuel Ogude: Skills: Partnership development, strategic alliances, and market expansion. Experience: Emmanuel (aka; Kante of Sales) has over a decade of experience in forging strategic partnerships across various industries, including finance and tech.

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

dikript.com

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Dikript contributes to the goal of ending poverty by facilitating financial inclusion through its services. By providing comprehensive identity verification and credit assessment solutions, Dikript enables financial institutions to expand access to financial services to underserved populations, including the unbanked. This fosters economic empowerment and reduces barriers to financial inclusion, ultimately contributing to poverty alleviation.

02.02.01 My startup contributes to the Zero hunger goal

2

02.02.02 Zero hunger - Justification for my startup

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

5

02.03.02 Good health and well-being - Justification for my startup

Dikript contributes to the goal of good health and well-being by promoting financial stability, which is closely linked to overall well-being. By enabling financial institutions to make informed lending decisions through our identity verification and credit assessment services, we support individuals in accessing financial resources for healthcare expenses, thus contributing to improved health outcomes. Additionally, our services help mitigate financial risks for individuals and institutions, reducing stress and promoting overall mental well-being.

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification for my startup

Dikript contributes to the goal of gender equality by promoting financial inclusion, which is essential for empowering women and girls. Our services enable individuals, including women, to access financial resources and participate more actively in economic activities. By providing comprehensive identity verification and credit assessment solutions, we help break down barriers to financial services faced by women, thus contributing to their economic empowerment and fostering gender equality.

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

Dikript contributes to the goal of decent work and economic growth by enabling financial institutions to make well-informed lending decisions, thus facilitating access to credit for businesses and individuals. This promotes entrepreneurship, job creation, and economic development. Additionally, by streamlining customer onboarding processes, our services help businesses operate more efficiently, contributing to increased productivity and job opportunities.

02.09.01 My startup contributes to the Industry innovation and infrastructure

5

02.09.02 Industry innovation and infrastructure - Justification for my startup

Dikript contributes to the goal of industry innovation and infrastructure by providing innovative solutions for streamlining customer onboarding processes and facilitating identity verification and credit assessment. Our services help financial institutions adopt efficient and secure digital infrastructure, fostering innovation in the financial sector. Additionally, by promoting financial inclusion and access to credit, Dikript supports inclusive and sustainable industrialization, enabling businesses to invest in infrastructure development and contribute to economic growth.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

Dikript contributes significantly to reducing inequalities by providing access to credit and financial services for underserved populations, including immigrants. By seamlessly integrating data from multiple sources, including Nigeria's major credit bureaus, Dikript enables Canadian banks and businesses to make informed lending decisions for Nigerian immigrants, thus bridging the gap between lenders and borrowers and promoting financial inclusion and empowerment within immigrant communities. Through our efforts, we strive to reduce inequalities within and among countries, fostering a more equitable and inclusive financial system.

02.11.01 My startup contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification for my startup

Dikript indirectly contributes to the goal of sustainable cities and communities by promoting financial inclusion and stability, which are essential for building resilient and sustainable urban environments. Our services enable individuals and businesses to access financial resources, facilitating economic activities and contributing to the growth and development of urban communities. By streamlining customer onboarding processes and providing comprehensive identity verification and credit assessment solutions, we support the efficient functioning of financial systems within cities, fostering economic resilience and sustainability. Additionally, by promoting access to credit and financial services, Dikript helps individuals and businesses participate more actively in urban development initiatives, ultimately contributing to the creation of inclusive, safe, and sustainable cities and communities.

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

2

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

6

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

Dikript contributes to the goal of peace, justice, and strong institutions by enhancing transparency and accountability in financial transactions. Our services enable institutions to verify the identities of individuals and assess their creditworthiness, thus promoting trust and integrity in financial systems. By facilitating access to financial services and fostering a fair and efficient lending process, we contribute to the economic empowerment of individuals and communities, which is essential for building peaceful and inclusive societies. Additionally, our commitment to data security and compliance ensures that institutions operate within the bounds of the law, strengthening overall governance and institutional integrity.

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Dikript contributes to the goal of partnerships for sustainable development by collaborating with various stakeholders in the financial and governmental sectors. Through partnerships with financial institutions, we work together to promote financial inclusion, transparency, and accountability. By providing identity verification and credit assessment services, we enable our partners to make informed decisions and implement sustainable development initiatives more effectively. Additionally, our commitment to compliance and data security fosters trust and strengthens partnerships with stakeholders, facilitating collective efforts towards achieving sustainable development goals.

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

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

6

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

1 - Strongly Disagree

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

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

1 - Strongly Disagree

06.08 Justification for my startup

Our strength lies in our data aggregation and customization capabilities, particularly evident in our BVN and TriadCredit services, which utilize advanced data aggregation techniques and multi-source integration to provide accurate and reliable results. Unlike traditional methods that may rely on single-source data, Dikript's solution offers a unique combination of services tailored to meet the specific needs of financial institutions and governmental bodies. By addressing the challenges of identity verification and credit assessment in a holistic and efficient manner, Dikript revolutionizes the way financial institutions make decisions, leading to improved efficiency, transparency, and trust in the financial ecosystem.

06.09 Competitive Analysis

Our competitive edge lies in our ability to aggregate and customize data effectively, demonstrated through services like BVN-NIN linkage and TriadCredit. By prioritizing tailored solutions and leveraging no-code technologies, we ensure secure and flexible offerings that address individual client needs with precision. Our Unique Selling Proposition (USP) revolves around comprehensive data integration from various government agencies and KYC service vendors. This multi-source approach guarantees superior accuracy, completeness, and reliability compared to competitors. Key advantages include enhanced accuracy, comprehensive coverage, dashboard branding, redundancy and validation, as well as increased trust and security for clients, ultimately setting us apart in the market.

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

N/A