Umazi provides a due-diligence platform that automates enterprise identity verification by creating secure digital identities and housing due-diligence credentials on an open-source permissioned blockchain. Its DLT approach allows regulated entities to verify and validate credentials, enabling real-time, transparent audits. The platform targets enterprise pain points around costly, slow, and duplicative compliance checks across supply chain, funding, and sustainability scenarios. Umazi is developing its proposition to streamline onboarding and compliance for SMEs and larger enterprises, and is working with partners to set industry standards. The company is female-led, led by founder and CEO Cindy van Niekerk, and is participating in Founders Factory’s accelerator while collaborating with Aviva on supplier onboarding automation. The new funding will be used to fuel the startup’s ambition to set a global standard for cross-industry digital identity and compliance.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2022