Vesicash Innovative Technologies or Vesicash is an internet escrow service company based in Lagos, Nigeria. It was founded by Ehiaghe Aigiomawu, Oladele Ibrahim and Tomisin Adeshiyan in May 2018. The startup offers digital escrow services which provide payment security for those involved in online transactions.
The founding team met while at the Meltwater Entrepreneurial School of Technology in Accra, in 2017 and connected over their shared vision to build a company that offered value to its users and leaves a lasting impact.
In 2018, they founded Vesicash, deriving the name of the company from the vesica Piscis. The startup raised US$100,000 in pre-seed funding in November 2018, and subsequently raised a larger round from Ingressive Capital in 2020.
Vesicash offers various products and services for peer-peer, enterprise and marketplace use cases. Notable offerings are:
- Instant Escrow, which allows users create digital escrow transactions in minutes, without signing up
- Trizact, which allows users receive escrow payments via payment links