Farhan Afsahi, founder of Verified, discusses geopolitical fraud vectors where foreign entities copy U.S. corporate identities to execute oil trade scams.
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“Right now in the oil industry because of the Russian-Ukraine war there's a lot of fraudulent activities happening that companies in like Ukraine, Russia, and like UAE, Turkey, other some sort of all of countries like these
In these regions are for example, copying the data from a U.S. Company and impersonating them to, as a seller or as a buyer.”
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More from Farhan Afsahi
AssertionContradicted
Afsahi: Competitors lack B2B fraud data for China, Russia, Middle East
“None of our competitors provide their, any data from regions like China or Russia, Middle East, and we include all of these data in our databases as well.”
Farhan AfsahiAug 31, 2023▶ 13:2522 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
AssertionNot checkable as stated
Afsahi: Verified has reached $7,800 ARR with 27 paying customers
“So right now we have about 300 and 80 users out of those 380 about 27 are paying customers and our ARR right now is at 700 and sorry seven, 800 dollars per year.”
Farhan AfsahiAug 31, 2023▶ 8:5822 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
AssertionNot checkable as stated
Afsahi: Wells Fargo and Shopify have visited Verified and scheduled demos
“Like for example, since 10 months ago a lot of enterprises and like banks, like Wells Fargo Maybank cheaper cash like Corner Shop, which is a subsidiary of Uber Shopify have visited our website.
Some of them scheduled a demo to see how they want to use our pr…”
Farhan AfsahiAug 31, 2023▶ 11:2322 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
Disclosure
Afsahi: Verified is seeking to raise $300,000 for 10% equity
“If it's about, like, 300 K for, like, 10% of the company, yeah.”
Farhan AfsahiAug 31, 2023▶ 12:5822 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
AssertionNot checkable as stated
Afsahi: ZoomInfo and Clearbit target sales, but Verified targets fraud
“So ZoomInfo or Clearbit and other types of, like, these type of softwares are built for sales mostly, but we are building these for fraud detection and verification. So we are mostly providing reg tech.”
Farhan AfsahiAug 31, 2023▶ 2:3122 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
Disclosure
Afsahi: Verified provides B2B verification APIs like 'Stripe for verification'
“So verified basically it's like Stripe, but for verification we provide verification APIs for B to B companies that want to learn more about other companies they want to work with.”
Farhan AfsahiAug 31, 2023▶ 0:5822 yo Launches B2B Fraud Prevention SaaS That Will Tell you if the China Steel Company is Real or Not
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