Trust shouldn’t be the barrier. It should be the bridge.
Due diligence costs the global financial industry around £1 trillion a year. For an SME, that translates into months of repeated paperwork — the same documents, the same questions, every new counterparty. Opening a single business bank account can take three to six months.
That tax falls hardest on the businesses with the least time to spare: the founders, the operators, the suppliers. We built Umazi because the cost of proving who you are had become disproportionate to the act of doing business.
Co.ID — verify once, share everywhere.
Co.ID is a reusable business identity wallet. Companies build a verified profile once — registry data, beneficial ownership, global identifiers, accreditations — and then share it on demand with banks, suppliers, investors and procurement portals. Every share is logged. Every share is revocable.
What this changes in practice.
The business of due diligence costs financial institutions £1 trillion a year. For the SME, that means waiting three to six months to open a bank account. Co.ID shortens that process. Trust should never be the barrier. It should be the bridge.
Who’s building this.
Cindy van Niekerk
Cindy is a member of the CFIT Digital Verification Taskforce and a founding board member of Ayra. She founded Umazi to remove the repeated, opaque cost of business verification — turning it from an obstacle into an asset that compounds for every business that holds one.
Built in the UK. Designed for the world.
Umazi Ltd is a UK-registered company headquartered in London. We’re regulated where regulation applies, aligned to the standards regulators expect, and built so the same business profile works whether you’re onboarding with a UK bank, an EU procurement portal, or a counterparty further afield.
Registered office
Umazi Ltd
Kemp House, 160 City Road
London, EC1V 2NX
United Kingdom
Want to know more?
Get a Co.ID for your business, or talk to us about what you’re trying to solve.