Registering a Business

Vendy has two (2) business tiers:

  1. Individual Tier

  2. Corporate Tier

These business types creates opportunities for merchants to own one or more businesses. Each tier comes with its specific KYC requirements.

KYC Requirements For Each Tier

KYC (Know Your Customer), is a form of identification that is required of merchants to register their business. The details required for completion of this process depend on the tier/type of business.

Individual (Tier 1)

  • Owner's name

  • Business name

  • Phone Number

  • Selfie

  • National Identification Number (NIN)

  • Bank Verification Number (BVN)

  • Business Address

  • Business Proof Of Address

  • Government Issued ID

  • Business Tax ID

  • Bank Statement or Letter from Bank

Corporate (Tier 2)

  • Owner's name

  • Business name

  • Phone Number

  • Selfie

  • National Identification Number (NIN)

  • Bank Verification Number (BVN)

  • Business Address

  • Business Proof Of Address

  • Business Certificate

  • Operating License

  • Government Issued ID

  • Business Tax ID

  • Bank Statement or Letter from Bank

📘

Accepted IDs (Coloured copies only)

  • Driver's License

  • International Passport

  • Identity Card

  • Permanent Voter's card.