Xedla is a digital platform that facilitates secure financial transactions through an escrow service, enabling users to hold and release funds while making payments for goods, services, and bills. By providing a user-friendly interface and advanced security measures, Xedla ensures the safety of personal information and funds, making financial transactions faster and more reliable.
Funding
Funding not disclosed
Founders
Product
Problem
Many online transactions lack a secure intermediary, leaving buyers and sellers vulnerable to fraud or non-performance. Traditional payment methods do not always provide sufficient protection, especially in peer-to-peer or business-to-consumer interactions where trust is not fully established.
Solution
Xedla is a digital platform that provides a secure escrow service to facilitate financial transactions between parties. It allows buyers to deposit funds, which are held securely until the agreed-upon conditions of the transaction are met. Upon verification that the goods or services have been delivered as promised, Xedla releases the funds to the seller. This process ensures that both parties are protected against fraud and that transactions are completed safely and reliably.
Target Audience
Xedla primarily targets individuals and businesses in Africa seeking a secure and reliable platform for online transactions, bill payments, and fund transfers.
Features
- Secure escrow service for holding funds during transactions
- User-friendly interface for managing financial transactions
- Instant account opening with BVN verification (no additional documents required)
- Virtual card functionality for online payments
- Cashback rewards on select transactions
- API and SDK for integrating Xedla into other platforms
- Support for electricity and utility bill payments
- Bank transfer functionality
- Airtime and data purchase options