Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Lebinum’s easy-to-use escrow service allows you to gain customers’ trust and transact online safely, regardless of business size & location. Just input the transaction details: Buyer pays - You deliver the product/service - Buyer confirms - Lebinum pays!

01.01 Describe your startup in more detail

Lebinum Services is a trusted and efficient escrow service company dedicated to providing secure transactions for individuals and businesses. With a focus on simplicity, transparency, and cutting-edge security measures, Lebinum Escrow facilitates seamless online transactions across various industries. Our user-friendly platform, competitive fee structure, and commitment to legal compliance position us as the go-to choice for those seeking a reliable and trustworthy escrow service. Lebinum’s easy-to-use escrow service allows you to gain customers’ trust and transact online safely, regardless of business size & location. Just input the transaction details: Buyer pays - You deliver the product/service - Buyer confirms - Lebinum pays! Our Mission: Empowering secure transactions through trust, transparency, and technological excellence. Our Vision: Empowering Trust, Ensuring Security – Your Partner in Seamless Transactions. Legit businesses and customer can now trust each other.

01.02 What is the main problem you are trying to solve?

Lebinum escrow services are instrumental in resolving several critical issues in various types of transactions by providing a secure, neutral, and structured process for handling funds and obligations by: 1. Mitigating Risk of Non-Performance 2. Ensuring Transaction Security 3. Facilitating Complex Transactions 4. Building Confidence in International Transactions 5. Managing Dispute Resolution 6. Streamlining Financial Transactions Lebinum services can play a vital role in enhancing the security, trust, and efficiency of various types of transactions. by acting as a neutral third party, ensuring that conditions are met before funds are released, and providing a structured process for managing complex deals, our services address the inherent risks and challenges in transactions. They facilitate smoother, more secure exchanges, ultimately building confidence among buyers and sellers and promoting more robust economic activity

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Here are the key benefits: 1. Enhanced Security 2. Risk Mitigation 3. Building Trust 4. Dispute Resolution 5. Protection in International Transactions 6. Financial Safeguards 7. Transparency and Accountability 8. Facilitation of Complex Transactions In essense, Lebinum services offer significant benefits by enhancing security, building trust, facilitating complex transactions, and providing dispute resolution mechanisms. They protect both buyers and sellers, streamline processes, and offer financial safeguards, making them a valuable tool in various types of transactions. By using escrow services, parties can conduct their business with greater confidence and reduced risk, ultimately fostering more reliable and efficient market activities.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Lebinum escrow services cater to a diverse array of beneficiaries, including real estate buyers and sellers, online marketplace users, businesses engaged in B2B transactions, freelancers, participants in large financial deals, legal professionals, international traders, property developers, and consumers making high-value purchases. By providing a secure, neutral, and structured process for managing funds and obligations, Lebinum escrow services address the needs and concerns of these various groups, ensuring safer and more reliable transactions across different industries and scenarios.

01.05 When was your company established?

2024-01-01

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

4

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

1. ABAH JOSEPH ISREAL - TECH ENTREPRENEUR Joseph’s inclusion as a tech entrepreneur enriches Lebinum Escrow Services with pioneering technological insights and entrepreneurial spirit. His expertise in fintech and blockchain technology propels the company towards offering advanced, secure, and innovative escrow solutions. Joseph’s leadership ensures that Lebinum Escrow Services remains at the forefront of technological advancements in the escrow industry. 2. GODWIN ONYEKE - INSURANCE BROKER An experienced insurance broker, Lebinum Escrow Services further strengthens its team by adding comprehensive risk management and insurance expertise. Godwin’s background in insurance and risk mitigation ensures that clients have access to tailored insurance solutions that protect their interests throughout the transaction process. 3. RACHEAL OCHELEKA - TECH INNOVATOR SHE has a background in computer science and has worked in various tech startups, specializing in fintech and security solutions.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.canva.com/design/DAFww63e9Wo/x3eQtnIOLwT5GMintbT9ZQ/view?mode=prototype

01.11 Which industry best describes your project?

g) Financial services

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Lebinum escrow services play a vital role in reducing poverty by: 1. Facilitating secure transactions 2. Providing access to financial services 3. Supporting small businesses 4. Promoting fair trade 5. Enabling microfinance 6. Facilitating cross-border trade 7. Reducing transaction costs, and 8. Encouraging savings and investment. By addressing these critical areas, Lebinum escrow services help create a more inclusive and equitable economic environment, fostering sustainable development and poverty reduction.

02.02.01 My startup contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification for my startup

Lebinum escrow services play a significant role in reducing hunger by supporting agricultural transactions, encouraging investment in agriculture, facilitating microfinance for food security projects, promoting fair trade, enabling cross-border food trade, reducing transaction costs, ensuring stable food supply chains, and empowering small-scale farmers and food producers. By addressing these critical areas, Lebinum escrow services help create a more secure and efficient food production and distribution system, ultimately contributing to hunger reduction.

02.03.01 My startup contributes to the Good health and well-being goal

5

02.03.02 Good health and well-being - Justification for my startup

Lebinum escrow services contribute to good health and well-being by facilitating secure healthcare transactions, supporting the purchase of medical equipment and pharmaceuticals, promoting fair trade practices, enabling secure funding for health projects, and supporting telemedicine. Additionally, our services reduce financial stress, enhance trust in health-related transactions, and support public health initiatives by providing a secure and structured way to manage financial transactions in the healthcare sector, Lebinum escrow services help ensure that resources are used effectively to improve health outcomes and overall well-being.

02.04.01 My startup contributes to the Quality education goal

5

02.04.02 Quality education - Justification for my startup

Lebinum escrow services contribute significantly to the Quality Education goal by providing secure, transparent, and accountable financial transactions for educational institutions, students, and donors. By ensuring that funds are managed effectively and used for their intended purposes, escrow services enhance access to funding, support scholarships and loans, encourage investment in educational infrastructure, and promote global educational opportunities. These contributions ultimately lead to improved educational quality and greater access to education for all.

02.05.01 My startup contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification for my startup

Lebinum escrow services play a vital role in advancing gender equality by empowering women entrepreneurs, facilitating access to capital, supporting fair labor practices, enabling participation in international markets, providing security in real estate transactions, encouraging financial inclusion, enhancing legal and financial literacy, and reducing gender-based economic disparities. By addressing these critical areas, Lebinum escrow services contribute to creating a more equitable economic environment where women have the resources and opportunities to achieve financial independence and equality.

02.06.01 My startup contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification for my startup

While Lebinum escrow services may not directly address clean water and sanitation challenges, they play a vital role in supporting the financing, implementation, and sustainability of water and sanitation projects. By providing a transparent, accountable, and efficient mechanism for managing project funds, escrow services contribute to the expansion of access to clean water and improved sanitation facilities in communities around the world.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Lebinum escrow services play a crucial role in promoting affordable and clean energy by facilitating investments, supporting energy efficiency initiatives, enabling clean energy startups, ensuring transparency and accountability, facilitating cross-border energy trading, reducing transaction costs, and supporting energy access initiatives. By addressing these critical areas, Lebinum escrow services contribute to the transition towards a more sustainable and environmentally friendly energy system, ultimately benefiting society as a whole.

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

Lebinum escrow services contribute to decent work and economic growth by encouraging entrepreneurship and business development, supporting SMEs, facilitating access to finance, promoting fair trade practices, reducing transaction costs, enabling international trade, and supporting contractual agreements. By providing a secure and efficient platform for conducting business transactions, Lebinum escrow services help create a more inclusive, transparent, and equitable business environment that fosters economic growth and creates decent work opportunities for all stakeholders involved.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Lebinum escrow services play a vital role in promoting industry innovation and infrastructure development by providing a secure and reliable mechanism for managing financial transactions, fostering trust between parties, and facilitating the implementation of innovative projects. Whether it's financing large-scale infrastructure projects, supporting technology innovation, or promoting sustainable development, Lebinum escrow services contribute to the advancement of industry innovation and infrastructure on both local and global scales

02.10.01 My startup contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification for my startup

Our services contribute to reducing inequalities by promoting fairness, transparency, and access to secure financial transactions for all parties involved. By ensuring equal treatment in transactions, providing access to financial services, protecting against fraud and exploitation, promoting fair trade practices, encouraging entrepreneurship, facilitating access to international markets, and enforcing contractual rights, Lebinum escrow services help create a more equitable and inclusive economic environment.

02.11.01 My startup contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification for my startup

Our services contribute to sustainable cities and communities by supporting real estate development, encouraging infrastructure investments, facilitating public-private partnerships, promoting fair and inclusive development, mitigating risks in commercial transactions, enabling community investments, enhancing financial inclusion, and ensuring regulatory compliance. By providing secure, transparent, and efficient financial services, Lebinum escrow services contribute to building resilient, inclusive, and sustainable urban environments for present and future generations.

02.12.01 My startup contributes to the Responsible consumption and production goal

5

02.12.02 Responsible consumption and production - Justification for my startup

Our services play a crucial role in promoting responsible consumption and production by ensuring fair transactions, promoting ethical sourcing, supporting sustainable supply chains, encouraging product quality and safety, facilitating product traceability, mitigating supply chain risks, and encouraging circular economy practices. By fostering transparency, accountability, and ethical behavior throughout the supply chain, Lebinum escrow services contribute to a more sustainable and equitable economy

02.13.01 My startup contributes to the Climate action goal

5

02.13.02 Climate action - Justification for my startup

Our services contribute to climate action by supporting renewable energy projects, facilitating carbon offset programs, enabling green finance initiatives, promoting sustainable supply chains, encouraging energy efficiency, incentivizing environmental innovation, and ensuring compliance with environmental regulations. By providing a secure and transparent mechanism for managing funds, Lebinum escrow services help channel investments towards activities that mitigate greenhouse gas emissions, protect the environment, and promote sustainable development.

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

While the direct impact of Lebinum Escrow Services on life below water may not be immediately apparent, the company can play a significant role in supporting marine conservation efforts through funding, facilitating sustainable transactions, promoting eco-friendly practices, and encouraging corporate responsibility. By aligning its operations with the principles of sustainable development, Lebinum can contribute to the preservation and protection of marine ecosystems for future generations

02.15.01 My startup contributes to the Life on land goal

5

02.15.02 Life on land - Justification for my startup

Lebinum Escrow Services contributes to life and land by promoting security, sustainability, and prosperity. Through secure real estate transactions, economic stability, environmental stewardship, community empowerment, and alignment with Sustainable Development Goals, Lebinum Escrow fosters positive outcomes for individuals, communities, and the environment, ultimately enhancing the quality of life and promoting the well-being of present and future generations.

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

Lebinum Escrow Services contributes to peace, justice, and strong institutions by promoting transparency, accountability, and fair trade practices in financial transactions. Through its commitment to integrity, legal compliance, and international cooperation, Lebinum Escrow Services plays a crucial role in building trust and confidence in the financial system, which is essential for fostering peace and prosperity.

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Lebinum Escrow Services contributes to "Partnerships for the Goal" by facilitating secure transactions, supporting financial inclusion, fostering collaboration among stakeholders, promoting responsible business practices, enabling cross-border collaboration, and supporting innovation and technology transfer. By providing a reliable and transparent platform for conducting business, Lebinum helps build partnerships that are essential for achieving the Sustainable Development Goals and creating a more sustainable and inclusive future for all.

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

5

06.03 The product/service could be described as a new technology.

5

06.04 The product/service is an improvement on an existing product or service.

1 - Strongly Disagree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

3

06.07 The product/service is a new version of an old product/service.

1 - Strongly Disagree

06.08 Justification for my startup

06.01: While there may be existing competitors in the market, Lebinum can differentiate itself by focusing on innovation, customer-centricity, and providing unique value propositions that address the evolving needs of its target audience 06.02: Lebinum's services may not represent an entirely new type of service, as escrow services have existed for quite some time 06.03: while Lebinum may not be a new technology in itself, it can leverage new technologies to innovate within the escrow services industry and offer cutting-edge solutions to its customers 06.04: Yes, Lebinum's services can be considered as an improvement on existing escrow services. While escrow services have been available for some time, Lebinum introduces enhancements, innovations, and improvements that provide added value to customers 06.05: while Lebinum's core offering may be escrow services, its role can be seen as an extension of the broader range of financial services available to individuals and businesses

06.09 Competitive Analysis

Competitors: 1. Payscrow 2. Sanwo 3. Escrow Paddy Ltd 4. Escrow Pay Ltd 5. Renitrust Lebinum can stand out from competitors in the escrow services industry by leveraging several key factors that differentiate it from others: 1. Advanced Technology 2. User Experience 3. Customization And Flexibility 4. Value-Added Services 5. Innovation& Adaptability 6. Transparency & Trust 7. Global Reach By focusing on these key factors and continuously striving to innovate and improve its services, Lebinum can differentiate itself from competitors and establish a strong position in the escrow services market

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, we tend to balance our workforce, so far we have four employees other than the founders and they are two female and two male respectively