Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Omniguard360 revolutionizes digital security by harnessing the power of intelligent rules and machine learning data insights to combat evolving digital security challenges.

01.01 Describe your startup in more detail

Omniguard360 can be integrated seamlessly into daily customer transaction activities, providing real-time monitoring and analysis to: 1. Identify and flag misfit transactions. 2. Track and prevent fraudulent activities. 3. Provide comprehensive threat detection and prevention. By combining intelligent rules and machine learning capabilities, Omniguard360 offers a robust and adaptive security solution that stays ahead of emerging threats, ensuring robust protection for your digital assets.

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

Flutterwave, a leading fintech company, had just experienced a security breach that would change everything. Hackers had infiltrated their system, making off with a staggering ₦11 billion (approximately $23 million USD). The news sent shockwaves through the industry, leaving customers and stakeholders in a state of panic. Just a month prior, Wema Bank had faced a similar security breach, losing ₦685 million (approximately $1.4 million USD). The incident had raised concerns about the vulnerability of digital transactions and the need for robust security measures. In both cases, the breaches had occurred due to weaknesses in the companies' digital security systems. The hackers had exploited these vulnerabilities, gaining unauthorized access to sensitive information and financial assets. By introducing Omniguard360, we are tackling the pressing issue of internet insecurities in the financial sector, providing a robust solution to protect financial institutions from cyber threats.

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

The major benefits and advantages of using this product are: 1. Fraudulent activities: Omniguard360 is a digital security solution that aims to combat digital security challenges, specifically fraudulent activities that have led to significant financial losses for companies like Flutterwave and Wema Bank. 2. Real-time threat detection: Omniguard360 integrates into customer transaction activities to identify and flag misfit transactions and track fraudulent activities in real-time. 3. Machine learning and intelligent rules: Omniguard360 leverages machine learning data insights and intelligent rules to detect and prevent fraudulent activities. 4. Adaptive security solution: Omniguard360 is designed to stay ahead of emerging threats and provide a robust and adaptive security solution for digital assets.

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

Omniguard360 serves financial institutions across Africa, protecting their customers' digital transactions and data with robust security solutions.

01.05 When was your company established?

2022-12-13

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

1

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.)

Halima Salau is an experienced Operations Manager with 5 years of expertise in managing various business processes across sales, marketing, and innovation adoption in competitive landscapes. She currently serves as the Chief Operating Officer of Autogon AI. Halima holds a Bachelor's Degree in Accounting and an MBA from a prestigious university based in Nigeria. Prior to her current role, she has worked across the energy and media consulting sectors.

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

https://www.omniguard360.ai/

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

5

02.01.02 No poverty - Justification for my startup

Omniguard contributes to the United Nations' Sustainable Development Goal (SDG) 1: No Poverty, by preventing fraud and promoting financial security, stability, and inclusion. By detecting and preventing fraudulent activities, Omniguard helps reduce financial losses, promote economic stability, empower communities, and protect people's hard-earned money, ultimately breaking the cycle of poverty.

02.02.01 My startup contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification for my startup

Fraud prevention in the food supply chain ensures that resources are not diverted away from food production and distribution, helping to maintain a stable and secure food system.

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

3

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

02.04.01 My startup contributes to the Quality education goal

3

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

By providing a secure financial environment, Omniguard360 empowers women to take control of their financial lives, make independent decisions, and participate in economic activities. Our solutions can also help identify and prevent gender-based fraud, such as scams targeting women or marginalized groups.

02.06.01 My startup contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

2

02.08.02 Decent work and economic growth - Justification for my startup

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Omniguard360's solutions encourage innovation by providing a secure financial environment, enabling businesses and individuals to invest in research and development, and driving technological progress.

02.10.01 My startup contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

3

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

2

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

3

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

2

02.15.02 Life on land - Justification for my startup

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

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

1 - Strongly Disagree

02.17.02 Partnerships for the goal - Justification for my startup

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

2

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

5

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

3

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

2

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

2

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

2

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

2

06.08 Justification for my startup

By combining intelligent rules and machine learning capabilities, Omniguard360 offers a robust and adaptive security solution that stays ahead of emerging threats, ensuring robust protection for your digital assets.

06.09 Competitive Analysis

There are several competitor in the market space but what sets us part is our product ability to learn and adapt to new information. As fraudulent actors change their tactics, our Omniguard360 machine learning models can be retrained on new data, allowing them to stay up-to-date and better equipped to detect emerging fraud patterns.

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

Yes, we recently formed a partnership with She Code Africa, granting us access to a network of over 14,000 female entrepreneurs. Through this partnership, we aim to support their businesses by leveraging AI technology, as well as offer general business advisory services to help them thrive.