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Last updated: July 4, 2026

KYC and Identity Verification Consent

Akara requires identity verification before users can create listings, open trades, add payout accounts, or complete exchanges.

Akara does not hold, receive, escrow, custody, remit, convert, or move user funds. Users send money directly to each other through their own bank or mobile money accounts. Users must confirm payout details before sending money. KYC data, receipts, and WhatsApp chat records may be used for fraud prevention and dispute review. Akara may pause trades, restrict accounts, suspend listings, require admin review, or block users where needed for safety.

Business details

Legal business name
Akara Fintech Solutions
Registration number
BN 9656395
Entity type
Business Name
Business type
Sole Proprietor
Country of registration
Nigeria
Date of registration
July 4, 2026
Business status
Active
Principal place of business
No. 19, Afam Emma Chukwura Lane, Bonsaac, Asaba, Delta State, Nigeria
Public support email
support@tryakara.com
Temporary email
tryakara@gmail.com
Website
https://tryakara.com
Governing law
Nigeria, with applicable local laws in supported user countries where required
Regulator
[Regulator if applicable]

Verification Information We Collect

Akara may collect legal name, WhatsApp number, nationality, residence, ID country, ID type, ID number, document image, selfie or liveness image, face match result, and payout account name.

Accepted Documents

Akara may accept national ID, passport, driver’s licence, residence permit, or other government-issued ID accepted by Akara.

Third-Party Verification

Akara may use a third-party KYC provider such as Didit to support document checks, face matching, and liveness review.

Your Consent

By using Akara, you consent to collection, checking, storage, and use of verification data for account approval, fraud prevention, dispute review, safety checks, and compliance.

Verification Outcomes

A verification may be approved, rejected, restricted, sent to admin review, appealed, or require additional information.

Reverification

Akara may require reverification after payout detail changes, especially where a payout name changes or does not clearly match the verified legal name.

No-custody notice

Akara does not hold, receive, escrow, custody, remit, convert, or move user funds. Users send money directly to each other through their own bank or mobile money accounts. Always confirm payout details before sending money.

This page is a draft and should be reviewed by a qualified legal professional before launch.

Key reminders

  • Akara does not hold or move funds.
  • Confirm payout details before sending.
  • KYC data, receipts, and chat records may be used for fraud prevention and dispute review.
  • Akara may pause trades or restrict accounts for safety.
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AKARA

A cleaner way to swap from chat.

Akara

Akara Fintech Solutions, BN 9656395.

Headquarters: Nigeria and Rwanda.

Akara coordinates the record. Users send money directly through their own bank or mobile money accounts.

Product

Product How it works Trust and safety Currencies Support

Legal

Core

Terms of ServicePrivacyAcceptable UseWhatsApp Opt-In + Messaging

Trading

No-Custody Risk DisclosureDispute ResolutionCancellation, Refund, + ReversalReceipt Upload + Evidence

Account

KYC + Identity Verification ConsentPayout Details + Account Name-MatchUser Verification Tier + Transaction LimitData Deletion

Contact

support@tryakara.com complaints@tryakara.com WhatsApp support