EXPLANATION

SEEKER – PROVIDER - VERIFIER

Seekers

Who they are

Seekers are individuals, companies, or entities looking to enter or expand within the African market. They could be international businesses, investors, or organisations in need of credible partnerships, service providers, or investment opportunities.

What they do

Seekers use ADD™ platform to locate and verify providers they wish to engage with. They seek detailed due diligence to ensure that the businesses or services they are interested in are legitimate and dependable.

Significance

Seekers are integral to the platform as they drive demand for verification, helping ensure that their investments or business ventures are based on solid, trustworthy information, thus minimising risks.

 

 

Providers

Who they are

Providers are Individuals, businesses or service entities in Africa offering products, services, or investment opportunities. They range from local enterprises to larger corporations.

What they do

Providers present their offerings on the ADD™’s platform and submit themselves to verification by trusted third parties. This transparency allows them to showcase their credibility and integrity to potential seekers.

Significance

For providers, verification is a critical tool to prove their legitimacy to potential international partners. It helps them establish trust, thus facilitating easier access to new opportunities and markets.

Verifiers

Who they are

Verifiers are independent entities responsible for the due diligence process. They can be individuals or organisations with expertise in legal, financial, or operational vetting.

What they do

Verifiers perform thorough checks on providers, ensuring that the information they present is accurate, reliable, and transparent. This might include confirming business registrations, legal standing, financial health, and overall reputation.

Significance

Verifiers maintain the integrity of the ADD™’s platform. Their role is fundamental in safeguarding seekers' confidence by ensuring that only verified providers are recommended, helping to mitigate the risk of fraud or unreliable ventures.

 

Platform Structure and Verification Levels

The ADD™ platform is designed to facilitate interactions between seekers, providers, and verifiers, focusing on creating a safe business environment in Africa.

Verification Levels include:

  - Basic

  - Standard

  - Advanced

  - Enhanced

These levels offer varying degrees of due diligence, depending on the requirements of the seeker or the complexity of the business relationship being pursued.

Geographical Scope

The platform covers all African countries, providing an extensive network that supports international investments and business collaborations in the region.

In summary, the ADD™ platform operates by connecting seekers with providers through a trusted verification system, conducted by independent verifiers. This approach is essential in building confidence and ensuring the safety and credibility of business transactions across Africa, something that is heavily missing at the moment.

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