MSME finance gap globally (IFC)
Phase 1 app available
Business Records for Businesses Traditional Systems Miss
Konfirmata helps entrepreneurs maintain verifiable business records they own and control.
USPTO Provisional Patent Application No. 63/987,858 filed February 2026. Regulatory Expertise + Market Insight — Offline-First. Works Without Internet.
01
The problem
The economy runs on activity that financial systems cannot see.
Across the world, a large share of work and small-enterprise activity happens outside formal financial infrastructure. In the United States, cash-based entrepreneurs in Chicago and platform workers in major metros earn income, pay suppliers, serve buyers, and build businesses every day. Similar gaps appear globally among market traders in Lagos, smallholder farmers in Nairobi, and other entrepreneurs whose activity is real but not captured in records institutions can review.
In the United States, the FDIC reported 5.6 million unbanked households and 19 million underbanked households in 2023. CFPB’s June 2025 technical correction estimates that, as of December 2020, approximately 7.0 million U.S. adults — 2.7% of the adult population — had no credit record at all, while another 9.8% held credit records that were unscored. These figures point to a persistent visibility gap: millions of economically active people remain difficult for formal systems to evaluate using conventional documentation.
The same gap holds at global scale. The International Finance Corporation estimates a $5.7 trillion finance gap for small and medium enterprises globally, rising to $8 trillion when informal enterprises are included. In sub-Saharan Africa, more than 80% of employment is informal. Across Latin America and the Caribbean, informal employment remains around or above half of employment. In Europe, platform and gig work have grown into a regulated labor-market category, exposing the limits of systems designed around standard employment records.
The consequence is the same everywhere: business activity remains harder to review, support, finance, audit, or include in formal programs when it is not captured in portable records. The gap is not a failure of ambition — it is a failure of infrastructure.
Employment is informal in sub-Saharan Africa (ILO)
U.S. households unbanked (FDIC 2023)
U.S. adults with no credit record as of December 2020 (CFPB June 2025 technical correction)
1
The activity is real
Entrepreneurs receive payments, buy inventory, perform services, and generate income every day — often outside formal record systems.
2
The records are incomplete
Receipts, statements, and formal bookkeeping may be absent, fragmented, or reconstructed too late to show a reliable history of business activity.
3
The consequence is invisibility
When business activity is not captured in portable records, entrepreneurs remain harder to review, support, finance, audit, or include in formal programs.
Sources: IFC MSME Finance Gap Report; ILO World Employment and Social Outlook; FDIC 2023 National Survey of Unbanked and Underbanked Households; CFPB 2025 Credit Invisibles Update.
02
The solution
Record, review, confirm, export.
Record
Log a sale, payment, or expense by voice or text. No forms, accounting labels, or new bookkeeping habits are required.
Review
See a structured summary before committing, so the entrepreneur controls what becomes part of the record.
Confirm
A single confirmation commits the entry to a tamper-evident business record. Once confirmed, the original entry cannot be changed or backdated.
Export
Generate a verifiable business record export when the entrepreneur chooses to share it for business review, program intake, audit, tax, or lender evaluation.
Konfirmata works offline, is designed for voice-first and low-literacy use, and structures business records so their integrity, sequence, and origin can be assessed. Phase 1 app available.
See the App
03
For entrepreneurs and downstream reviewers
Records entrepreneurs own, control, and choose when to share.
Konfirmata helps entrepreneurs maintain verifiable business records they own and control. The records support the entrepreneur’s own business review and management. When the entrepreneur chooses to share them, lenders, regulators, auditors, and tax authorities can assess the integrity, sequence, and origin of the records.
Entrepreneurs can use these records for their own business review and management. When they choose to share them, the same records can support review by community lenders, nonprofit programs, auditors, tax professionals, regulators, and other institutions.
What shared records can support
- Structured business activity histories created by the entrepreneur
- Continuity indicators that show consistent recording over time
- Exportable summaries for review when entrepreneurs choose to share them
- A documented record trail for business, tax, program, or audit review
- Supplemental context for thin-file entrepreneurs whose activity may not appear fully in conventional documentation
Institutional inquiries can be directed to Konfirmata after entrepreneurs choose to share records for review.
Schedule a Conversation
04
Security and trust
Trust by architecture, not policy.
Permanent Records
Once confirmed, an entry cannot be altered, deleted, or backdated. This is structural, not a policy setting.
Independent Verification
Every export contains data that allows independent review of record integrity without requiring access to the original phone or Konfirmata servers.
User-Controlled Data
Entrepreneurs own their records. Exports belong to the entrepreneur, and no institution receives them without entrepreneur authorization.
Offline-First Design
Records can be created and confirmed without internet connectivity, then prepared for review when connectivity is available.
Transaction Boundary
Konfirmata does not independently verify that an underlying transaction occurred. It creates tamper-evident business records whose integrity, sequence, and origin can be assessed.
The core architecture is permanent by design, not by policy.
05
Inventors
Built from two sides of the same problem.
Konfirmata was conceived by two co-inventors who approached the same problem from different sides of the financial system.
Muhammad Bamalli’s prior public-sector financial supervision experience helped shape Konfirmata’s focus on verifiable business records for entrepreneurs. That experience surfaced a recurring pattern across markets: capable businesses may struggle to access formal financial systems when their activity is not captured in records institutions can review.
Ahmed Yaradua brought grounded understanding of how informal markets operate and what trust looks like from the user’s side of the gap.
They are named in connection with USPTO Provisional Patent Application No. 63/987,858.
06
Innovation
A system designed to be trusted.
Konfirmata’s core technology is the subject of USPTO Provisional Patent Application No. 63/987,858, filed February 2026. The filing covers methods and systems for creating verifiable, tamper-evident business records that can support institutional review.
07
Contact
Get in touch.
Phase 1 app available. If you represent an institution or community program and want to discuss record review, write to us directly.