Identity verification (KYC/KYB)

Waafir can verify that a person is who they say they are (KYC, Know Your Customer). A verified person gets a verified icon beside their name on the screens where Waafir shows people (listed below). This page covers who starts a verification, who pays for it, what the person does, and what the icon means.

Verification never controls access. Viewing a data room, accepting an NDA and reading documents work the same whether or not someone is verified.

Who starts a verification

There are two ways in:

• A firm requests it. An owner or admin of an organisation asks a person to verify: a member of their team, or an investor whose invitation to one of their data rooms was sent or accepted. The person gets an email and sees the request under Settings → Profile, where they start it.
• The person starts it themselves, but only where their organisation allows it. An admin turns this on in the organisation's settings. Otherwise the person's settings say that verification is started by a firm's request.

Who pays

The organisation that asks pays, never the person being verified. A firm's request is paid from that firm's verification credits. A self-start is paid from the credits of the organisation the person started it in.

Credits come in prepaid packs: $10 buys 5 verifications. Credits never expire. Packs are a one-time purchase from the Add-ons hub, not a subscription, and an owner or admin buys them. The authoritative price is always the one shown in the app.

A credit is held while a request is open and used only when a result comes back, verified or not. Cancelling a request before it is started, or a request that expires unused, costs nothing.

The verification process

Identity checks are run by Didit, a specialist identity-verification provider. You complete them yourself, with no document exchange with the deal team.

1. Open the request under Settings → Profile (or start one there, where your organisation allows it).
2. Read the consent line. Your verified icon is visible to every organisation that sees your name, so Waafir asks you to agree before you start.
3. Complete Didit's steps. This normally means photographing a government-issued ID document and taking a short selfie, so your face can be matched to the document.
4. Didit sends the result to Waafir. If it matches, the verified icon appears beside your name.

A request stays open for 30 days. If you do not finish in that time, it expires and the firm can ask again.

The verified icon

• It appears beside your name on team and investor lists, Activity, data room permissions, Q&A, e-signature requests, document notes, the dashboard feed and the investor reports activity trail. On e-signature requests and investor lists it shows only for people the organisation has already told about itself: its members, and people whose invitation was sent or accepted.
• Anyone who can already see your name can see whether you are verified. They see only that: no date, no document details, and no record of a failed check.
• It is valid for 6 months from the result. In the last 30 days it shows as "Verification expiring", and a firm can ask you to verify again. After 6 months it disappears until you verify again.
• Under Settings → Profile you see your own status: "Verified" or "Verification expiring", with the icon. No date is shown, to you or anyone else.
• Erasing your data removes it.

Business verification (KYB)

Verifying a company (KYB, Know Your Business), such as its registry record, officers and owners, is coming separately, as its own add-on. It is not available today. If your process needs entity-level checks, handle them through your existing process for now.

Where to go next

• Sharing and access — how access is granted; verification does not change it.
• Billing and plans — add-ons, including verification packs.
• Frequently asked questions — quick answers on access and security.