By Olawale Olajide Akeem
CHANGING THE NARRATIVES IN NIGERIA FINTECH BUSINESS
Fintech in Nigeria is arguably the most focused sector of technology that Nigeria Software Developers and Product owner are investing into, the sector boost of over
$1 billion United States Dollar. With less focus in Escrow service , The Safehouse Limited have taken it upon itself to launch its SafeHouse Escrow App.
Speaking to the management team lead by its CEO Mr. Daniel Ogege, Ogege reeled out the various sectors they have touched and millions of naira the Safehouse Application have saved for
clients and business owners in the past 6 months.
What is the meaning of "Escrow", according to Investopedia , Escrow refers to neutral third party holding assets or funds before they are transferred from one party in a transaction to another. the third party holds
the assets on behalf of the two parties that are in the process of completing a transaction. Escrow accounts are held the escrow service, the escrow service releases the assets/funds only upon the fulfillment of predetermined contractual obligations.
In continuation Ogege mentioned that the Safehouse Application is currently been used by over 250 brands across Nigeria, with over 1500 clients using
the Application for their day to day business transaction, he continued, that the application is not a savings wallet, rather its an escrow application built for Android and IOs users.
Downloading the Application is easy and smooth, a user is required to download the Application through his Mobile Application store provider by searching for SafehouseApp, say on Apple Store for IOS Users or Google Play Store for Android users, after downloading the application you are required to create an account, the account type differs, Personal and Business Account.
The personal is an account meant to be used by an individual for his operation with a business entity, while the business account is for a business entity that consist of two or more teams.
After successful completion of step two(account creation). The next step is to create an escrow deed, you are required to specify escrow type and fill in the necessary information, that’s all.
See video below as officially released by Safehouse App on steps for using the Escrow service application.
Safehouse application is giving buyers and sellers an opportunity to relax while they make business transaction, thus making the business process 100% trustworthy and flexible for both users.
You can get more information on the Application website :
https://www.thesafehouseapp.com/ and enquiry can be dropped at marketing@thesafehouseapp.com
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