iACCEL GBI partners with TrustIn to simplify secure digital escrow services in Middle East
Strategic collaboration aims to make escrow services more accessible and cost-effective
Dubai: iACCEL Gulf Business Incubator (iACCEL GBI), a leading go-to-market accelerator based in Dubai, has announced a strategic partnership with TrustIn, the Middle East’s first regulated digital escrow platform. This collaboration aims to democratize and simplify escrow services, making them more accessible through a user-friendly digital platform.
Over the past 17 months, iACCEL GBI has onboarded more than 20 startups from across the globe. With a strong value proposition, the company offers comprehensive support to startups, helping them grow and expand within the UAE and GCC region.
TrustIn, certified by FSRA and ADGM, aims to streamline the payment process by offering a comprehensive and easily accessible escrow platform for all stakeholders, ensuring seamless and cost-effective transactions for consumers, local businesses, and companies. All parties involved in a transaction must adhere to the highest standards of Know Your Customer (KYC) and Know Your Business (KYB) processes. TrustIn safeguards the interests of businesses by enhancing the safety and trustworthiness of financial transactions, making it the preferred choice for companies seeking reliable and transparent escrow solutions.
Commenting on the partnership, Deepak Ahuja, CEO of iACCEL GBI, said, “The UAE has rapidly emerged as a global hub for innovation and trade. One of the major challenges in this ecosystem is the risk associated with open trade, particularly for SMEs and the retail market. TrustIn addresses this challenge by providing a regulated digital escrow platform that ensures transparency and legal protection for all parties involved in B2B, B2C, or C2C transactions. This not only fosters trust but also accelerates the growth of SMEs, with significant potential for expansion into other geographies. At iACCEL GBI, we are committed to supporting this journey.”
Anishkaa Gehani, Co-Founder of iACCEL GBI, shared her thoughts on the partnership: “At iACCEL GBI, we believe in empowering businesses with innovative solutions that foster growth and trust. Our partnership with TrustIn marks a significant step in making secure, transparent transactions accessible to all. By leveraging our collaboration with TrustIn, we aim to ensure that businesses in the UAE and GCC engage in trade with confidence, driving economic growth and innovation across the region."
Momeen Ahmad, CEO of TrustIn, added, “Partnering with iACCEL GBI is a significant milestone for TrustIn. We look forward to leveraging their network and capabilities to expand our 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.”
Parvez Akram Siddiqui, Co-Founder and Chief Technology Officer of TrustIn, said, “At TrustIn, our mission has always been to provide secure, transparent, and reliable escrow services to businesses and consumers across the Middle East. By combining TrustIn’s innovative digital escrow platform with iACCEL GBI’s vast network and market expertise, we are well-positioned to revolutionize the transaction landscape in the region.”
Through this partnership, iACCEL GBI and TrustIn aim to revolutionize secure transactions in the Middle East, offering a seamless and secure payment gateway for businesses in the region.