Trustcrow
About Trustcrow
The startup offers a payments management platform specifically for real estate transactions, utilizing an escrow system to temporarily hold funds. This approach protects buyers and renters from payment fraud while ensuring sellers receive their funds automatically upon transaction completion, enhancing transparency in property closings.
<problem> Real estate transactions, particularly in emerging markets, are susceptible to fraud, including fake property ownership, forged documents, and hidden property defects, leading to significant financial losses for buyers. Verifying property titles and ensuring compliance can be time-consuming and risky, especially for first-time homebuyers and those purchasing property remotely. </problem> <solution> Trustcrow is a secure real estate transaction platform that protects buyers from fraud and hidden risks through technology, legal expertise, and local insights. The platform offers pre-vetted property listings that have undergone legal and compliance checks, along with title verification services to prevent issues related to fake documents or illegal sales. Trustcrow also provides home inspection reports to uncover hidden property defects, ensuring buyers are fully informed before making a purchase. The platform facilitates secure remote transactions and offers legal support throughout the buying process, providing clarity, confidence, and control to buyers. </solution> <features> - Title verification services, including land registry, court, and corporate affairs commission searches, to confirm property ownership and identify potential encumbrances. - Pre-vetted property listings that have passed legal and compliance checks. - Home inspection reports detailing the condition of the property to uncover hidden issues. - Secure online platform for remote transactions, enabling buyers to purchase property safely from anywhere. - Legal support and documentation assistance throughout the transaction process. - Partnership with top law firms to provide clear insights into property history and risks. </features> <target_audience> Trustcrow primarily serves first-time homebuyers, property investors, and diasporans looking to purchase property, particularly in markets with high risks of real estate fraud. </target_audience> <revenue_model> Trustcrow generates revenue through fees for title search reports, home inspection services, and potentially through commissions on property transactions facilitated through its pre-vetted listings. Basic title search reports are priced at ₦100,000 per search. </revenue_model>
What does Trustcrow do?
The startup offers a payments management platform specifically for real estate transactions, utilizing an escrow system to temporarily hold funds. This approach protects buyers and renters from payment fraud while ensuring sellers receive their funds automatically upon transaction completion, enhancing transparency in property closings.
Where is Trustcrow located?
Trustcrow is based in Lagos, Nigeria.
When was Trustcrow founded?
Trustcrow was founded in 2022.
How much funding has Trustcrow raised?
Trustcrow has raised 500000.
Who founded Trustcrow?
Trustcrow was founded by Joseph Orji.
- Joseph Orji - CEO
- Location
- Lagos, Nigeria
- Founded
- 2022
- Funding
- 500000
- Employees
- 11 employees