CONFIRMIT�The Trust Layer for Payments in Africa

Truecaller for Bank Accounts

Verify bank accounts before sending money

www.confamit.com

Outline

Our Mission

1

The Problem

2

Our Innovative Solutions

3

Our Services

4

Competitive Advantage

7

Traction & Accomplishments

8

We are not just protecting individuals; we are building the trust infrastructure Nigeria urgently needs to address its growing ₦5 billion annual fraud problem.

BUILDING THE MISSING TRUST INFRASTRUCTURE

There is no way to assess the risk of an account before sending money, did you know?

No way to Access Trust before Sending Money

When sending money, you cannot verify if an account belongs to a scammer or a legitimate business. You send and pray.

PROBLEM STATEMENT

Siloed Fraud Intelligence

Legitimate Businesses Can’t Prove Their Credibility

Victims report to banks/police, but data remains trapped. One person's loss does not warn the next victim.

Legitimate vendors cannot prove their credibility. A 5-year-old business looks identical online to a scammer's 1-day-old profile.

Pre-Transaction Risk Check

Like Truecaller, but for money. Users search an account number to see instant status: Verified (Safe), Reported (Risk), or Unknown.

OUR INNOVATIVE SOLUTIONS

Collaborative Defense

We crowdsource fraud intelligence. When a victim reports a scam, the account is hashed and flagged, protecting the entire community instantly.

Blockchain-Anchored Truth

We issue Trust ID NFTs to verified businesses. These are unforgeable, cryptographic credentials that prove a business is real.

Consumer Protection App

Instant search engine for bank account risk assessment and fraud reporting. And Hedera powered smart contract escrow settlement

OUR SERVICES

Business Verification Suite

Thorough vetting (CAC, Address, Identity) resulting in a "Verified" badge and Trust ID.

Trusted Marketplace

A directory where users can search for products (e.g., "MacBook") and see only verified, safe sellers nearby.

Enterprise API

Integration for Fintechs (e.g., OPay, Squad) to check account risk before processing transfers.

Understanding the market scale is critical for our adoption strategy. In Nigeria, there are approximately 39.6 million Micro, Small, and Medium Enterprises (MSMEs). We are specifically targeting the Wholesale and Retail sectors, which make up about 32% of this base (roughly 12.8 million businesses) and are the primary drivers of Nigeria's social commerce and P2P payments. Our immediate goal is to verify 5% of this serviceable market, which translates to roughly 640,000 trusted businesses. This focus allows us to capture the highest-risk transaction nodes first

SIZE OF MARKET:�₦5 BILLION PROBLEM

Total Addressable Market:�39.6 Million

Serviceable Addressable Market: 12.8 Million

Serviceable Obtainable Market: 640,000

DIRECT COMPETITOR

• None. Currently, no platform offers public, pre-transaction account verification.

INDIRECT COMPETITOR

• Identity Verifiers (Smile ID, Youverify): They verify who someone is (KYC), not if they are a scammer. A scammer with a valid BVN is still a scammer.�
• Marketplaces (Jiji, Jumia): Verification is often superficial (phone/email only) and easily gamed.�
• Physical Verification: Driving to a shop (like Victor did) is inefficient and failed to prevent fraud.

Truecaller for Bank Accounts

We verify the destination of funds (the bank account), not just the person. This is the critical missing link. Plus we protect with escrow vault settlement for unknown accounts

Account-Centric Verification

KEY COMPETITIVE ADVANTAGES

Our value grows with every user. More reports = better protection. This creates a defensible barrier against copycats.

Network Effects

We use SHA-256 hashing. We never store raw account numbers, ensuring data security and NDPR compliance.

Privacy-First Architecture

Competitors use static badges (photoshoppable). We use Blockchain NFTs (immutable)

Unforgeable Credibility

Funded & Validated

Secured pre-seed funding ($5000) and technical validation via the Codematic Build with Google Cloud Hackathon (2025).

TRACTION & ACCOMPLISHMENT

Fully functional web MVP launched

SHA-256 hashing algorithm completed, ensuring zero-knowledge privacy for all fraud checks, and search engine for product listing. Also implemented Hedera smart contract backed escrow vault settlement

Initiation of early pilot

Early pilot discussions initiated with Computer Village market unions to onboard verified device sellers.

Compliance

Registration with NDPC (Nigeria Data Protection Commission) to ensure full regulatory compliance.

REVENUE MODEL

Our plan for using funds secured from Innospark is straightforward. We'll allocate 20% towards further developing our products, ensuring they stay competitive and meet customer needs. 20% will go into marketing and campaign efforts to attract massive users and businesses in growing the bedrock of our solution; massive database. 20% will be invested in infrastructure, operations and legal compliances to support our expansion and improve efficiency. Finally, 40% will be set aside for strategic initiatives like market expansion and partnerships to fuel long-term growth.

USE OF FUNDS

Chief Executive Officer

RASHEED YEKINI

MEET THE TEAM

Chief Marketing Officer

LAURETTE IBEKWE

THANK YOU

Truecaller for Bank Accounts

www.confamit.com

for your time and attention