Escrow.com announced a partnership with Microcircuit, a startup acquisition marketplace with over 120,000 buyers and over 2,000 companies listed for sale.
This partnership will protect both parties on a startup acquisition deal by offering MicroAcquire users the ability to buy and sell startups, assets and businesses through a secure and licensed escrow service, meaning funds for the transaction will be held and released once both parties are satisfied with the purchase.
Headquartered in San Francisco, California, Escrow.com provides online escrow services that facilitate and accelerate e-commerce by assuring a secure settlement. Escrow.com has safely processed over US$5 billion in transactions with its secure online escrow service.
“We’re excited to partner with MicroAcquire to help entrepreneurs buy and sell startups more safely and securely,” said Jackson Elsegood, Managing Director of Escrow.com. “Our partnership with MicroAcquire means users can now confidently review and approve all of the relevant assets and information of a startup before the funds are sent to the seller. This integration will help prevent fraud and provide users with peace of mind.”
The new acquisition process begins with the buyer supplying a startup on MicroAcquire a letter of intent (LOI) or acquisition purchase agreement (APA). Once the terms have been agreed on and signed, the buyer will then send funds to Escrow.
The seller will then accept and transfer the assets specified in the LOI or APA. The buyer then reviews and approves the assets, which means the transaction is complete and Escrow.com releases the funds to the seller.
As a trusted third party to your acquisition transaction, Escrow.com ensures the Buyer puts up the cash for the acquisition while also giving them time to inspect and approve the acquired assets. As a result, buyers and sellers are incentivized to uphold their end of the deal.
“Escrow.com is renowned for exceptional service and transactional safety,” said Andrew Gazdecki, founder and CEO of MicroAcquire. “It’s our mission to help more startups get acquired, and the safer we make that process, the more founders and entrepreneurs can enter into acquisitions with confidence. It’s this trust and transparency that fosters opportunity in mergers and acquisitions.”
On MicroAcquire, founders can list, meet and engage with over 120,000 buyers, pursuing conversations to a letter of intent and beyond. Prior to the partnership, founders and entrepreneurs have only transacted offline. The partnership will now allow users to securely transfer ownership and assets, making the process safer and easier for both parties.
Winner of the BBB Torch Award for Ethics for Silicon Valley, San Francisco and the Bay Area, Escrow.com is the world’s largest online escrow provider. Founded in 1999 by Fidelity National Financial, today over US$5 billion in transactions have been secured from over 2 million customers. The company is now a division of Freelancer Limited (ASX:FLN, OTCQX: FLNCF). Escrow.com’s headquarter is in San Francisco, California, the United States.
Founded in 2020 by Andrew Gazdecki, MicroAcquire is a startup acquisition marketplace. MicroAcquire helps startups find buyers. Simple as that. We’ll help you start conversations that lead to an acquisition. Free. Private. No middlemen.