Danaya
Danaya is digitising identity verification to drive financial inclusion across Côte d'Ivoire and BCEAO member states.
Danaya offers fast, secure, and reliable KYC/KYB solutions tailored to the unique regulatory and infrastructural context of Francophone Africa, addressing the region's fragmented and inefficient identity verification processes.
The challenge they want to solve
In Francophone Africa, identity verification remains fragmented, with slow, manual processes causing delays and fraud in financial sectors. In Côte d'Ivoire alone, over 42 billion FCFA were lost to fraud between 2018 and 2020. The region lacks specialised, efficient digital compliance platforms for secure and compliant onboarding, presenting barriers to financial institutions and digital businesses.
The impact they have
Danaya strengthens digital trust and enhances regulatory compliance across Francophone Africa by providing real-time identity and business verification. This enables faster and more secure onboarding, promotes financial inclusion, reduces fraud, and helps create a more robust and secure digital economy. Danaya also opens access to essential financial services for underserved populations, contributing to a more inclusive financial ecosystem.
The way we measure it
We measure success by tracking the number of verifications processed securely through our platform, the reduction in onboarding times, and the decline in fraud incidents as reported by our clients.
