The UK Digital Identity and Attributes Trust Framework is statutory from December 2025. eIDAS 2.0 is mandatory across the EU from December 2026. Banks must accept verified digital credentials by November 2027. Inside that regime, every business needs a credential. Umazi is building it.
Most of the value in the verified-identity market will accrue to the credential layer, not the application layer. The companies selling KYB, KYC, fraud scoring and onboarding are application-layer players. They sit above a missing primitive. Whoever owns the credential wins the economics, the distribution, and the regulatory advantage.
Umazi is building the primitive. Twelve signed clients. Five distribution channels reaching 1.23 million UK SMEs. Named to the UK CFIT Digital Verification Taskforce. First-mover on the DIATF standard.
Four regulatory shifts converge inside twenty-four months. Every business operating in the UK or EU will need a credential that meets the standard. The market is being created by statute.
Digital Identity and Attributes Trust Framework becomes statutory under the Data (Use and Access) Act.
ECCTA requires verified identities for every director and PSC. 6–7 million existing records to re-verify.
EU Digital Identity Wallet mandatory across every member state.
Banks and payment firms must accept wallet-based verification. Credential becomes mandatory in every onboarding.
Onfido, Trulioo, Dun & Bradstreet, Experian, ComplyAdvantage, Thomson Reuters. Each solves one buyer's problem. None issues the credential. Each is database-based and API-gated. The architecture that survives the new regulatory regime is different.
The credential is issued to the SME, signed by Umazi, held by the SME. DIATF and eIDAS 2.0 require this architecture. Retrofit is commercially impossible for data brokers.
Relying parties verify the signature. The credential works offline. Database-based incumbents cannot meet the standard without rebuilding their commercial model.
Every attestation is cryptographically bound to a time and an issuer. No parsed PDFs. No probabilistic scoring. The architecture assumes an adversarial AI environment.
AI agents transacting on behalf of businesses can verify the credential directly. The first agent-readable business identity layer. Every partner added grows the reachable agent network.
Five signed channels. Combined reach of 1.23M UK SMEs. No paid customer acquisition. Each integration positions Umazi as the credential inside a platform the SME already uses.
Named to the CFIT Digital Verification Taskforce in 2025. Contributing to the trust framework blueprint that banks must accept from November 2027.
Product live since 2025. £12 per wallet per year, paid upfront. Break-even target within twelve months. Every number below is a signed contract or an issued credential.
Three agreements in execution. Each priced credibly against public data. Each carries strategic value larger than its direct revenue. Aggregate three-year envelope: £1.1M–£3M direct in the base case. £4M–£7.2M as a multi-jurisdiction blueprint.
Every senior hire has carried a regulated programme inside a tier-one institution. Operators who built the compliance systems we are now rewriting.
15+ years at J.P. Morgan, HSBC, Barclays, Deutsche Bank, Lloyds. Two prior exits in compliance and digital services. Named to the UK CFIT Digital Verification Taskforce. techUK Financial Services Council. Ayra founding board member.
20+ years in fintech. Former technology leader at two listed RegTech platforms. Built identity and AML infrastructure used by Tier 1 banks. Architect of the Co.ID credential stack. Advisor to LSE, JP Morgan, Deloitte Ventures.
Commercial leader across three scaled exits. Owned the FSB, HSBC Innovation, Sage and Tide distribution deals personally. Scale-up GTM and institutional sales across UK and EU fintech.
Operations, banking, strategic leadership across regulated fintech. Building the operating models that will carry the credential layer to scale.
Bridge round in two tranches of £250K. Instrument: ASA / convertible. Followed by a £2M–£3M institutional round once milestones land. Equity round opens at 500K Co.IDs live.
Funding to date: £2.2M total · £1.69M equity · £520K Innovate UK grants · Last valuation £7.8M (March 2025).
Full strategic memo and financial model available under NDA. Conversation first.