Frequently asked questions.
What Vetify is, how it works, and who's actually responsible for what. If your question isn't answered here, reach out — see the Contact Us section in the footer.
What is Vetify?
Vetify is institutional private credit market infrastructure — a neutral technology, workflow, and verification layer that connects businesses seeking Shariah-compliant financing with participating financiers. Vetify never lends, prices, or decides a financing outcome itself.
Is Vetify a bank, or licensed by the SEC or CBN?
No. Vetify is not licensed by the Securities and Exchange Commission (SEC) or the Central Bank of Nigeria (CBN), and is not a bank, lender, or investment manager or broker/dealer. Financiers who use the platform remain independently responsible for their own regulatory status and licensing.
What financing structures does Vetify support?
Vetify deliberately focuses on the non-profit-and-loss-sharing family of Islamic finance structures: Murabaha (disclosed cost-plus sale), Ijarah (lease and lease-to-own), Salam (forward sale), and Istisna (manufacture-to-order). These are the real, asset-backed structures institutional Islamic finance actually runs on — not a Vetify-invented equivalent.
Does Vetify determine whether a financing arrangement is Shariah-compliant?
No. Vetify does not issue Shariah opinions. That responsibility remains with each participating institution and its own Shariah governance body.
How do I get started?
Register an account and submit one financing request. Vetify handles onboarding and verification once, then routes the resulting opportunity to financiers whose mandates actually match your request — you're not re-submitting the same information to each one.
Who decides whether I get financing?
Vetify never writes a financing decision. Every approval or decline is made — and owned — by a licensed or unlicensed financier reviewing your request independently.
How much of the decision is really made by AI?
AI-assisted analysis surfaces evidence for a human reviewer — such as gaps in submitted documents or patterns in your financial statements. It never makes or replaces a financing decision, and its output is stored verbatim, never relabelled as Vetify's own signal.
What happens if I miss a repayment?
Repayment schedules are tracked end to end on the platform, so a missed payment is visible to your financier, who determines next steps under the terms you originally agreed to. Vetify itself doesn't hold your funds or take collection action.
How does Vetify route opportunities to me?
Once a business's financing request is verified, the resulting opportunity is routed to financiers whose stated mandate — instrument types, ticket size, sector — actually matches it. You review, price, and decide independently.
Does Vetify hold or move capital on my behalf?
No. Vetify never holds or routes funds. Disbursement and repayment are tracked on the platform for full visibility, but the underlying money movement happens directly, optionally via a non-custodial payment-collection provider — never through a Vetify-held account.
How is my (and my business's) data protected?
Sensitive identity fields — like National Identification Number (NIN) and Bank Verification Number (BVN) — are encrypted at rest before being stored. National ID numbers are never shown as plain text anywhere in the product; a human reviewer verifies identity directly against the uploaded document instead.
Who can see my financing request?
Only your own account and the financiers your verified opportunity is actually routed to. Staff access is limited to what's needed to operate the platform, and every action anyone takes — staff included — is recorded in a tamper-evident, append-only audit log.