Dubai-based accelerator iACCEL Gulf Business Incubator (iACCEL GBI) announced a strategic partnership with TrustIn, the Middle East’s first regulated digital escrow platform, to transform escrow services in the region.
The partnership aims to make escrow services more accessible through a user-friendly digital platform.
With a strong value proposition, iACCEL GBI offers comprehensive support to startups to facilitate their growth and expansion in the UAE and GCC region.
FSRA, ADGM-certified Trustin intends to streamline the payment process by offering a comprehensive and easily accessible escrow platform to all stakeholders for a seamless and more cost-effective transaction experience for consumers, local businesses, and companies.
Deepak Ahuja, CEO of iACCEL GBI, said the UAE has rapidly emerged as a global hub for innovation and trade, attracting businesses from across the world.
“However, one of the significant challenges within this thriving ecosystem is the risk associated with open trade, especially for SMEs and the retail market,” he said.
Ahuja said TrustIn is stepping in to solve this problem by providing a regulated digital escrow platform that ensures transparency, security, and legal protection for all parties involved in B2B, B2C or C2C transactions.
“By leveraging TrustIn, businesses in the UAE can now engage in trade with greater confidence, knowing that their payments and deliveries are safeguarded.
“We, at iACCEL GBI, are committed to supporting them in this journey,” he said.
Anishkaa Gehani, co-founder of iACCEL GBI, said the company’s partnership with TrustIn marks a significant step in making secure, transparent transactions accessible to all.
Momeen Ahmad, CEO of TrustIn, said the company looks forward to leverage iACCEL GBI’s network and capabilities to expand its footprint across the UAE and GCC.
“Together, we aim to make escrow services more accessible and reliable for businesses of all sizes, ultimately driving growth and innovation in the region,” he said.