Middletrust

An all in one solution to send and receive secure payments without the risk of being defrauded or shortchanged.
  • Sector Financial & payment services
  • Country Nigeria
  • Founding date April 2019
  • Stage Users
Middletrust is a digital escrow service provider that provides individuals and businesses with a smart payment infrastructure, web tools and APIs to seamlessly set up valid contracts, send and receive payments securely while eliminating the risk of being defrauded or shortchanged.

General

Sector
Financial & payment services
Category
Software
Product usage or interact
Desktop, Mobile/Tablet (Android), API)

Business

Customer acquisition strategy
Lead Generation: Email Marketing ,Social Media Marketing, One of one Meeting with prospective customers and agents.
Lead Conversion: Follow-up on emails, phone calls and on ground interaction with corporates to close the deal.
Revenue model
Transaction Processing
Like most payment processing companies do. We charge 2.8% + NGN200 of all local transactions processed on our platform. 5% + $0.55 of all international transactions.

Market info

Market size
$380,000,000,000
Competitors
Competitor name
Competitor Website

Total early investment
$300,000
Shareholder structure
Owner type
Name
Equity
Efe Ojadua
Co-Founder
% 65
Avwerosuo Atenaga
Co-Founder
% 25
Dipesh Mishra
Co-Founder
% 10
Investment round
Angel Investment
Investment amount
$300,000
Equity on offer
% 15.0

Team

Efe Ojadua  - Nigeria
Total team member
1
Comment
Last update: 17.07.2019