Truzo is a web and app-based escrow platform that facilitates secure transactions between buyers and sellers by holding funds until all agreed-upon conditions are met. This service mitigates risks associated with fraud, late payments, and delivery issues, providing a reliable solution for both individuals and businesses engaging in online commerce.
Funding
$350K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Online transactions carry inherent risks of fraud, late payments, and non-delivery, creating uncertainty and potential financial losses for both buyers and sellers. Traditional payment methods often lack the security measures needed to protect parties from scams and ensure that agreed-upon terms are met.
Solution
Truzo provides a digital escrow platform that secures online transactions by holding funds until all pre-agreed conditions are satisfied. This service acts as a trusted intermediary, mitigating risks for both buyers and sellers involved in online commerce, M&A deals, and other transactions. Truzo offers multi-currency wallets, payment links, and the ability to make and collect payments in multiple currencies. The platform supports biometric login, edit functionality, and fee splitting.
Target Audience
Truzo's primary customers are individuals and businesses engaging in online commerce, M&A deals, and international transactions who seek a secure and reliable payment solution.
Features
- Secure holding of funds in escrow until all transaction terms are met
- Multi-currency wallets for international transactions
- Payment links for easy online payments
- Mobile app for iOS and Android
- Biometric login for enhanced security
- Edit functionality to modify transaction terms
- Fee splitting options
- Compliance checks on all users to ensure a safe environment