Culturally compatible with international regulatory norms.
The key to participating securely in uncertain markets.
Our partners affiliates
Onkout, Ltd. is a financial technology service company, not a bank. Banking services are provided by Onkout's banking affiliate, Galaxy International Bank, Ltd., Premier Bank, Ltd., and Bushra Business Bank, Ltd. (BBbank). Members of the Central Bank of Somalia (CBS).
Damiin
We’ve repurposed the concept of cultural identification, verification, and certification, offering culturally guaranteed KYC, KYT, and KYB.
Cultural user case:
Institutionally, Damiin is also used as a guarantor for court-detained people to be granted Parole.
The groom will bring well-known individuals (Damiin) who will attest to his identity in order to be verified.
Level of
trustworthiness
While it may be true immediate family and friends would be willing to trust you, but the rest of the world has no idea of your level of trustworthiness.
Damiin Connections
Our patented Damiin tool, strengthens your identity and security.
An unstable market often presents issues with government issued IDs such as national IDs and passports. Such systems are often weak and lack authentications of accurate personal details; and easily tampered with. We use Damiin to improve AML, CTF, KYC, KYT, and KYB compliance all in one tool.
Reduce your uncertainty
Know the business you are planning to interact with.
Personal Information
Linking all your personal details on to your business account.
Selfie verification
With the details provided, we will ask you to take a selfie.
5 Guarantor persons
We will ask you to appoint carefully loved ones, with approved account.
QRP
We arrange all your details in a way that it functions as an ID for your MSME
Enhanced guest experience:
Insert an item or services into your library directory and upload a photo of the item, name categories the item,
Keeping track
Active invoices are synced across your Onkout point of purchase feature, log in on any device to track paid
Personal Information
Linking all your personal details on to your business account.
Commercial License
Linking your MSME certified commercial license onto your new business account.
QRP
We arrange all your details in a way that it functions as an ID for your MSME
In the same way the vendors have access to customers basic details, customers also would have access to basic details regarding the business.
Individuals seeking to purchase goods or services in a volatiles environment, Onkout Damiin tool helps identify and provides basic details about the business they intend to transact with–in order to provide more confidence in an unstable economy.
As Onkout ltd., We are open to collaborating with local government seeking to improve and strengthen the security of their government–issued Business Permit documents. While making it ubiquitous (easily accessible to their citizens.
New Business Registration System
The process of business registration and their licensing at the municipality level for MSMES takes places on the B-In-Control tool as illustrated below.
DOWNLOAD
QR-Payments with securely
accept payments
SOFTWARE
Culturally relevant and cutting-edge technology for MSMEs point of sale
INTEGRATIONS
PeritHub
In commitment to our mission of empowering MSMEs, we utilized insights and approvals from the Municipality to partially design and developed a new, independent business registration system tailored to operate with greater stability, manage risks effectively, and build a sustainable foundation for growth.
GROUND
utilising local networking
INTEGRATED
The business registration data gathered from B-in control is relied in real time in the this Onkout Tool “The PermitHub” that is accessible to the Municipality for licensing decision-making (Approved, Under-Review, Denied).
KYB, Know your Business
Indirect Financial Regulation Benefit
Built for all kinds of business
Keep customers engaged
Run email and text message marketing campaigns to drive repeat sales and keep your customers coming back.
Explore Marketing
Build an online store
Sell online with pickup, shipping, and local delivery — all managed from one dashboard.
Explore Websites
Control your cash flow
Access checking, savings, and loans designed to help your business manage money with confidence.
Explore Banking
Industry-first security you can bank on.
Bridging the gap
That satisfies the international regulatory financial norms. Damiin give you the confidence to interact within a secured market.
Access to Damiin API
It allows small businesses to participate securely in uncertain markets.
Level of trustworthiness
Building credibility among customers and across industries is achieved through established institutional reliability.
Personal details
Protecting customers sensitive data from being accessed by unauthorised individuals.
Regulation compliant
Assisting businesses in smoothly transitioning and maintaining compliance in a rapidly evolving environment.
Big and small businesses rely on Damiin solutions
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businesses supplied their credit history using the Damiin tool, were able to obtain a loan from banks
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Customers’ payments have been used to make a purchase with Damiin tool
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Customers’ payments have been used to make a purchase with Damiin tool
FAQ
Achieve advanced screening & monitoring.
Transact with peace of mind by leveraging our culturally compatible, risk-based due diligence technology.
Onkout, the Onkout logo, BlueStar Digital Banking Financial Services, Onkout B-in Control Business Management, and others are tools and trademarks of Onkout, Ltd. Onkout Ayuuto Cultural Financial Saving is wholly owned by Onkout, Ltd.
Onkout, Ltd. is a financial services platform, and the Central Bank of Somalia (CBS) regulates Onkout’s tools through our third-party bank partner affiliate, Galaxy International Bank, Ltd., so as to inspect all or part of a risk-based framework focusing on Damiin AML/CFT compliance, Onkout’s BlueStar tool e-money licensing, minimum capital requirements, and QR–Payment digital payment security.
Onkout Bank Account
Onkout Bank Account is issued by partner banks, Member SBS. Instant availability of Onkout Payments. Funds generated through Onkout’s payment processing services are generally available in the Onkout Digital Bank account balance immediately after a payment is processed. Fund availability times may vary due to technical issues.
Onkout’s Ayuuto Cultural Savings
Group savings accounts are provided by Onkout’s Digital Banking BlueStar affiliate, Galaxy International Bank, Ltd., Member CBS. Accrue a group participation yield (GPY) of 1–5% per folder on folder balances over $10. GPY is subject to change, current as of 8/9/2026. No minimum deposit is required to open an account.
The rate of our cultural savings group account is more than 2x the national average of 0.41% GPY, based on the national average of Ayuuto+ culturally group savings rates published in Onkout’s geedi-socodi Daily, Weekly, and Monthly National Rates and Rate Caps, accurate as of 8/9/2026.
Onkout’s Ayuuto Cultural Savings and Loans
All loans are issued by Onkout’s Digital Banking BlueStar in collaboration with Onkout’s banking affiliate Galaxy International Bank, Ltd. The actual fee depends upon the contribution payment to the Ayuuto+ group pool processing history, loan amount, and other eligibility factors. Loan eligibility is not guaranteed. All loans are subject to credit approval.
Onkout’s Permit–Hub
In commitment to our mission of empowering survivalists and MSMEs, we utilized insights and approvals from the municipality to partially design and develop a new, independent business registration system. A business Permit is a digital document issued through Onkout’s B-in Control tool by the municipality’s local government Directorate of Business and Industrial Development.
The mandate of the Directorate of Business and Industrial Development is to issue business permits through the Onkout(s) B-in Control tool. It’s also mandated to regulate and stimulate the different sectors while raising the level of jobs in their respective municipal jurisdictions and controlling businesses through the issuance and renewal of Business permits.