Standard Bank acquires 35% equity stake in digital escrow company TradeSafe Escrow

South Africa’s Standard Bank maintains position as Africa’s Top Tier 1 Bank

SOUTH AFRICA – The Standard Bank of South Africa Limited, a financial services group, has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud. TradeSafe is an online escrow platform that safeguards the buyer’s funds in trust in a transaction involving two or more parties. Established in 2013, TradeSafe is the longest running digital escrow company in South Africa. The firm was also the first digital escrow organisation in the world to offer an API gateway which…

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