trustshare, a London UK-based fintech startup building borderless escrow infrastructure, raised £2.3m in funding.
The round was led by Nauta Capital.
The company, which previously raised an angel round from Alex Chesterman, founder of Cazoo and Zoopla and James Hind, CEO of Carwow, intends to use the funds to accelerate growth, develop product’s key features and expand to the U.S.
Founded in 2020 by Nick Fulton (CEO and co-founder) and Joe Harlow (CTO and co-founder), trustshare provides a fintech building borderless escrow infrastructure that enables non-transactional marketplaces, online classified, B2B and tradesperson directories to offer escrow payments to their customers safely.
Once the platform is live, buyers can checkout into a dedicated account per transaction on the marketplace. The seller sees the funds and delivers the product or service. Once completed and the buyer is satisfied, the buyer releases funds to the seller.
With payment coverage in over 180 countries in 30 global currencies, trustshare is currently focusing on non-transactional B2B marketplaces, online classified, and trade directories. Some current customers who’ve gone transactional with trustshare, include Watchcollecting, Bookabuilder and UK trade body FENSA’s Deposit Protection service.