VERA and cheqd are excited to be working together to bring safe, portable, verifiable digital identities to businesses across Africa. The new partnership will work to create a more equitable digital economy, starting with Africa. Importantly, it further sets a foundation for cross-border interoperability with the EU, US, and UK.
Invoice manipulation fraud affects companies worldwide. VERA’s solution provides a high level of verification for each company and individual on the platform. VERA’s position is that if communication is secure, it should be verifiable.
"At VERA, we believe secure communication should also be verifiable. cheqd’s infrastructure allows us to not only protect conversations, but to prove the identity of participants in a way that’s scalable, privacy-respecting, and future-ready. Together, we’re building the foundations for a more trusted digital economy, starting in Africa, and scaling worldwide." - Max Coleman, Co-Founder, VERA.
VERA receives fraudulent invoices via email weekly. The company solves invoice manipulation fraud. Max Coleman, Co-Founder of VERA, said that VERA is building the foundations for a more trusted digital economy, starting in Africa and scaling worldwide.
"VERA solves a genuine problem which affects ourselves and every company worldwide: invoice manipulation fraud. Every week we receive invoices by email attempting to defraud us. VERA’s solution ensures that every company and individual on the platform are verified. This is a great step towards our mission where verified identity is seamlessly built into the fabric of how companies interact and collaborate." - Fraser Edwards, Co-founder and CEO, cheqd.
As we embark on this partnership with cheqd, Africa will be leading the digital transformation in this space. Their goal is to change the face of the digital economy, starting first with Africa. The agreement further establishes the groundwork for cross-border interoperability with the EU, US, and UK.
