Dojah has become the latest in the rising list of Nigerian startups to be enlisted for the much-vaunted Silicon Valley accelerator — YCombinator.
The Digital Onboarding platform is Led by Tobi Ololade and Ayomide Oso. Based in Lagos, Nigeria, the startup is looking to provide a unified KYC and digital onboarding solution for organisations looking to scale across Africa.
One of the most daunting tasks for many African Startups is scaling and expanding across the continent especially due to the fragmented regulatory and technological landscape.
Getting valid and verifiable identity for financial data often means having to integrate with multiple service providers, which is undoubtedly tasking and time-consuming.
Dojah is tasked with solving these problems by aggregating and standardising digital onboarding processes and KYC APIs across the continent for many organisations. Therefore, the platform provides a single gateway for startups looking to scale across borders.
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Tobi and Ayomide, co-founders of the startup, had earlier worked at Elta Solutions— a dev shop that serviced software companies. Tobi was also the CTO at data and API infrastructure for agriculture finance firm, Tradebuza. It was during his time at Elta solutions that the team identified the problem that Dojah would go on to solve.
“We were building a product called Expensa—an expense and income-management product for Africans. While building it, we found it difficult to get the data APIs we needed. We had to reach out to stakeholders individually to get the APIs and it made building very slow. We quickly figured this was not a unique problem to us, and we carried out some user research to confirm our hypothesis. That was how Dojah started.” Tobi disclosed.
The startup aims to build a one-stop-shop for onboarding users (individuals and businesses) anywhere on the continent.
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Also, before being enlisted for the YC W22 batch, Dojah had reached a milestone by integrating onboarding and KYC endpoints for 5 African countries —Nigeria, Ghana, Kenya, South Africa, and Uganda. According to the startup, it has also onboarded over 500 businesses and processed over 2 million API calls.
In recent times, getting enlisted for the YC has been regarded to be a launchpad for African startups and, a mark of validation that the startup is indeed worth watching.
The team at Dojah is already experiencing the benefits of having the stamp of approval of the Silicon-valley accelerator.
“Getting into YC has been a tremendous boost for us. It has already been instrumental in helping us ease conversations with critical stakeholders. We are excited for what the future holds for us. Our growth translates to more growth for the African Startups. As we find the means to onboard users across more countries, African startups would have entrance to these countries also.” Ayomide Oso, Product lead and co-founder, said.
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