TrustIn provides the Middle East's first regulated digital escrow platform, offering instant, dedicated UAE escrow IBAN accounts for secure transactions. The service supports multi-party structures across consumer, business, and enterprise use cases including real estate, automotive sales, and M&A funding. By holding funds in bank-segregated, bankruptcy-remote accounts, the platform mitigates counterparty risk and ensures transparent fund release upon condition fulfillment.
Funding
Funding not disclosed
Founders
Product
Problem
In various transactions, especially those involving significant financial stakes like real estate, vehicles, or investments, a lack of trust between parties can lead to fraud, disputes, and financial losses. Traditional escrow processes are often manual, time-consuming, and lack transparency, creating inefficiencies and potential for errors.
Solution
TrustIn provides a regulated digital escrow platform that secures financial transactions for businesses and individuals, ensuring transparency and trust at every stage. The platform facilitates secure fund management, contract verification, and transaction monitoring across sectors such as real estate, e-commerce, and investments. TrustIn protects buyers and sellers through digital agreements and fund release authorizations, ensuring that funds are disbursed only when all pre-agreed conditions are met. By digitizing the escrow process, TrustIn offers a streamlined, efficient, and secure solution that minimizes risks and enhances trust for all parties involved.
Target Audience
TrustIn serves businesses and individuals involved in high-value transactions, including real estate, pre-owned vehicles, goods and services, angel investments, and e-commerce, who seek a secure and transparent way to manage funds and agreements.
Features
- Digital onboarding (e-KYC/e-KYB) for secure and efficient user verification
- e-Agreements: digital contract generation outlining transaction terms for mutual understanding
- Instant Escrow IBAN: quick and secure access to escrow funds with instant IBAN generation
- Real-time tracking: easy tracking of transactions in real-time for transparency
- Milestone payments: release of funds based on specific milestones or conditions
- End-to-end security: state-of-the-art encryption and stringent security protocols
- 24/7 support: round-the-clock customer support to address any issues or questions
- API integrations: easily integrate secure payment solutions into existing systems for enhanced functionality
- Manager's Cheque Issuance: Issuance of manager’s cheques for residential real estate purchases within 24 hours.