Korea → Africa Automotive Trade Infrastructure

They list.
Verna settles.

A fintech infrastructure connecting Korean automotive supply with African demand — verified, insured, and escrow-secured.

Launching 2026 — Ghana Pilot

Explore Products → Get in Touch
3M+
Korean Vehicles in Ghana
20%
TAI Gap Captured
$1,045
Unit Upside / Vehicle
TRADE STATE MACHINE LIVE
✓
Listing
VIN verified via MOLIT DB
✓
✓
Verified
SGS inspection attached
✓
⟳
Escrow Locked
Funds held via V-Pay
⬡
Insured → Shipped
Busan/Incheon → Tema Port
◎
Customs Cleared
ICUMS duty auto-calculated
★
Delivered & Settled
V-Pay releases funds
Our Mission

Built to bridge the world's most underserved trade corridor

Verna Technologies is a Korea–Ghana cross-border automotive trade infrastructure company. We don't just connect buyers and sellers — we eliminate the systemic friction that costs both sides millions every year.

Founded in Ulsan, Republic of Korea — the automotive capital of Asia — and rooted in deep Ghanaian market knowledge, we are uniquely positioned to bridge both sides of this corridor.

🔐

Trust as Infrastructure

Escrow-protected transactions and verified dealer listings eliminate fraud risk for international buyers who have no physical recourse.

🤖

AI-Powered Verification

From VIN extraction via OCR to AI-powered parts identification using YOLO — every transaction is grounded in machine-verified data.

🌍

Market-Native DNA

Our Ghanaian founder brings lived bilateral market knowledge — an irreplaceable strategic asset no external team can replicate.

🏆

Grand Prize — Ulsan Startup Festival

Winner of the 2025 Foreign Entrepreneurship Competition, with institutional support from Korea's leading startup ecosystem.

Our Products

Two platforms. One trade lifecycle.

CareXpo and CarParts operate as a unified ecosystem — every vehicle sale seeds future parts demand, creating a compounding two-product flywheel.

▣ VERIFIED VEHICLE MARKETPLACE
Verified Vehicle
Marketplace

CareXpo orchestrates the entire international vehicle trade lifecycle — not just a listing board, but a trusted intermediary from inspection to delivery, powered by direct MOLIT database integration.

  • Automated VIN verification via MOLIT database + OCR
  • SGS Korea third-party inspection documentation
  • ICUMS-Compatible Duty Estimator — total landed cost before commitment
  • Escrow-protected payments via V-Pay
  • End-to-end shipping from Busan/Incheon → Tema Port, Ghana
◈ AI-POWERED SPARE PARTS PLATFORM
AI-Powered Parts
Sourcing

CarParts solves the African spare parts crisis with computer vision and a verified global supplier network. Upload a photo — our YOLO-based model identifies, sources, and ships the right part.

  • Azure AI Vision (YOLO) parts identification from photos
  • Cross-referenced with verified Korean supplier inventory
  • Transparent pricing with zero counterfeit risk
  • Consolidated international shipping for bulk orders
  • Digital order management and procurement tracking
Trust Infrastructure Layer

The architecture of certainty

Every Verna transaction passes through a State-Machine Architecture — a series of cryptographically logged, verifiable transitions enforced at the infrastructure level.

// state_machine_trade_architecture — trade lifecycle
📋
Listing
VIN + docs
✅
Verified
MOLIT + SGS
🔒
Insured
K-SURE
🚢
Shipped
Port tracking
🛃
Cleared
ICUMS auto
💸
Settled
V-Pay
🧠

V-Pay

A proprietary multi-currency wallet and internal ledger holding funds on regulated rails (Stripe + Paystack) until every state-machine milestone is confirmed and independently verified.

📡

Azure Cosmos DB

Distributed ledger backing the state machine — every trade transition is immutable, auditable, and globally replicated via Microsoft Azure infrastructure.

🔍

MOLIT Integration

Programmatic real-time access to South Korea's Ministry of Land vehicle registry — accident history, engine capacity, and ownership records before any escrow is opened.

Market Opportunity

A $20B corridor. 20% inefficiency gap.

The Ghana automotive import market is dominated by Korean vehicles — 3M+ on Ghanaian roads today. Yet the trade process is riddled with friction that costs buyers and sellers alike.

3M+
Korean vehicles currently in Ghana
Source: Zach Levi & Associates, 2024
$800
Base unit economics per vehicle
Upside: $1,045/vehicle at full stack
10,000
Target annual transactions by Year 5
$10M+ projected annual revenue
Total Addressable Inefficiency (TAI) — 20%
The structural gap Verna captures through trust infrastructure
Remittance Friction
10%
Distrust Discount
5%
Logistics Friction
5%
Africa Expansion Sequence
PHASE 1
🇬🇭
Ghana — Anchor market, 2026 pilot
PHASE 2
🇳🇬
Nigeria
PHASE 3
🇰🇪
Kenya
PHASE 4
🇹🇿
Tanzania
Leadership

Built by people who've lived both markets

🚗
CEO & Founder
Ammishaddai Asafo Agyei
UNIST EE/Business. Mercedes-Benz MBUSI background. Robotics & LiDAR research. Ghanaian — bilateral market anchor.
⚖️
COO
Grace Eunji Park
HKU Financial Law. UNHCR international operations experience. Leads regulatory navigation and compliance architecture.
📊
CFO
Dr. Phebe Akosua Agyeiwaa
UNC PhD. Banking background. Oversees financial modelling, FX strategy, and fintech licensing compliance.
📈
CSO
Dr. Paul Minsung Kim
KAIST PhD. WorldQuant experience. Developed the Z-score market inefficiency framework powering Africa expansion sequencing.
Get In Touch

Let's build the corridor together

Whether you're a Korean dealer, African buyer, investor, or strategic partner — Verna is the trust layer your trade needs.

📍

Headquarters

울산광역시 중구 강북로 105,
405-라43호, Ulsan, Republic of Korea

View on Maps →
💼

Investor Inquiries

Seeking strategic partners and investors aligned with Korea–Africa trade infrastructure.

invest@verna.co →
🚢

Supplier Onboarding

Korean automotive dealers — join our verified supplier network on CareXpo.

dealers@verna.co →
🌍

African Buyer Network

Ghanaian importers and fleet buyers — get early access to the CareXpo platform.

buyers@verna.co →
🏆 Grand Prize — 2025 Ulsan Startup Festival Foreign Entrepreneurship Competition
🇰🇷 Ulsan, Republic of Korea