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How it works — for businesses

A business (Vetify calls this role a "financial seeker") applies once and is reviewed by every matched financier through the same standardized process, instead of repeating onboarding for each institution separately.

1. Register and complete your business profile​

Registration captures your account type (individual or business) and basic contact details. A business account then completes a one-time business onboarding profile:

  • Legal type (business name or limited liability company), registration number and date, registered and operating address, sector, and tax ID.
  • Beneficial ownership — every owner/director, their ownership percentage, and identity details (NIN/BVN), which are encrypted at rest and never shown as plain text to anyone but you.

This profile goes through KYB (Know Your Business) review by Vetify staff, who approve it or reject it with a note explaining what needs to change. A rejected submission can be corrected and resubmitted — it goes through review again rather than staying stuck.

2. Submit a financing request​

Once your business profile is approved, submit a financing request: the amount you're seeking and its purpose. This is the one request every matched financier will review — you don't submit a separate application per institution.

3. Upload supporting documents​

Incorporation documents, ownership evidence, identity documents, and bank statements are uploaded once and reused across the whole process — never re-requested per financier.

4. Verification and AI-assisted review​

Vetify staff verify your legal structure, ownership, and identity. AI-assisted analysis then reviews your documents and surfaces findings — gaps, inconsistencies, patterns worth a closer look — for the human reviewer who makes the underwriting decision. The AI never makes or overrides that decision itself.

5. Financing opportunity created — financiers respond​

Once your request clears underwriting, it becomes a financing opportunity, visible only to financiers whose own mandate (instrument type, amount range, sector) matches it. Each matched financier decides independently whether to proceed, decline, or come back with terms — you may receive more than one offer.

6. Review offers and reach agreement​

For each interested financier, you see real, priced terms under one of the four supported instruments (Murabaha, Ijarah, Istisna, or Salam — see Products & services). You can accept terms as proposed or counter-offer. Your acceptance is what makes the contract binding — nothing is executed on your behalf.

7. Contract execution and lifecycle​

Once terms are agreed, the contract moves through its real staged lifecycle (purchase and possession before a Murabaha sale or Ijarah lease; production milestones for Istisna; delivery confirmation for Salam). From there:

  • Disbursement and repayment are tracked end to end, directly between you and the financier — Vetify never holds or moves the funds itself.
  • You can request early settlement (where the instrument supports it), and Ijarah contracts support ongoing maintenance requests for the life of the lease.

Along the way​

  • Messaging — message a financier directly about a specific request or participation.
  • Disputes — raise an issue tied to your financing request or a specific participation if something's wrong; staff mediate and, where a financier's participation dispute concerns you directly, can share it with you so you can see and respond to it in-app.
  • Support — for anything not tied to a specific request (account access, billing, general questions), reach Vetify staff directly from the Support page in your dashboard.
  • Notifications — every status change (offer received, KYB decision, dispute update, and more) generates a notification, with email/WhatsApp delivery where you've enabled it.
  • Your data — request an export or deletion of your data at any time from Settings; you can track the status of that request there too.