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EscrowLock Wins $100m Facebook Grant - Business - Nairaland

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Dangote Refinery: We Paid Lagos State $100m For Land, FG Gave Us No Incentive / Anambra Firm,escrowlock Amongst Winners Of $100m Facebook Grant / Facebook Grant $100 Million Program For Small Businesses Startup (2) (3) (4)

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EscrowLock Wins $100m Facebook Grant by AmericanQuarter: 4:31pm On May 26, 2021
Nigeria's escrow company, EscrowLock has won a $100 million global business grant from the world's largest social media company, Facebook Incorporated.

The local escrow platform based in Anambra State is a trusted third-party that receives and "locks" transaction payments from buyers and only releases payment to the intended seller when the seller has delivered the necessary goods or services in the agreed condition.

The middleman service helps to protect both buyers and sellers from online fraud, thereby boosting eCommerce activities and helping more people earn a decent livelihood.

According to the Director of EscrowLock, Elochukwu Eze, the information was contained in a statement issued by Facebook and made available to EscrowLock's office in Agbiligba Nanka, Anambra State.

He also said escrowlock Marketplace engages over 1,000 Nigerians as affiliates.

A Senior Executive of the firm, Mr Deji Akinbode, revealed that the firm will by next month begin to accept applications from Nigerians who are interested in working as online affiliates for its marketplace.

EsrowLock's Strategy Lead, Ms Sandra Iheanaetu, said the company would soon provide micro-grants and visibility to small businesses run by online individuals across the 36 states of Nigeria and the FCT. The challenge is designed to hold, at least, every quarter of the year.

https://allafrica.com/stories/202105180381.html

120 Likes 4 Shares

Re: EscrowLock Wins $100m Facebook Grant by Pierocash(m): 4:34pm On May 26, 2021
Very young guy

209 Likes 9 Shares

Re: EscrowLock Wins $100m Facebook Grant by moriss33(m): 4:36pm On May 26, 2021
Oluwa don pick him call

153 Likes 7 Shares

Re: EscrowLock Wins $100m Facebook Grant by Imsoblessed: 4:40pm On May 26, 2021
Happy for you guys. This a testimony that you can be successful doing legitimate things. More grace. Say no to Yahoo Yahoo! Say no to fraud!

278 Likes 11 Shares

Re: EscrowLock Wins $100m Facebook Grant by IDENNAA(m): 4:43pm On May 26, 2021
More success brother.

72 Likes 4 Shares

Re: EscrowLock Wins $100m Facebook Grant by LegendHero(m): 4:43pm On May 26, 2021
Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report made it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.

318 Likes 20 Shares

Re: EscrowLock Wins $100m Facebook Grant by Powersurge: 4:48pm On May 26, 2021
Tech is replacing oil in the south.

9 Likes 3 Shares

Re: EscrowLock Wins $100m Facebook Grant by omonnakoda: 4:54pm On May 26, 2021
Na so dem dey win $100 milliion

5 Likes

Re: EscrowLock Wins $100m Facebook Grant by Sabadon(m): 6:15pm On May 26, 2021
This one is loud.......

1 Like

Re: EscrowLock Wins $100m Facebook Grant by Inception(m): 6:15pm On May 26, 2021
CBN right now...

41 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by GboyegaD(m): 6:16pm On May 26, 2021
Nice

3 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by DMerciful(m): 6:16pm On May 26, 2021
Misleading headline as usual!

57 Likes 2 Shares

Re: EscrowLock Wins $100m Facebook Grant by pickatyouu: 6:16pm On May 26, 2021
Congratulations.

1 Like

Re: EscrowLock Wins $100m Facebook Grant by loadedvibes: 6:17pm On May 26, 2021
Good one for naija

2 Likes

Re: EscrowLock Wins $100m Facebook Grant by tendyjohn(m): 6:17pm On May 26, 2021
Nice one, congratulations.

1 Like

Re: EscrowLock Wins $100m Facebook Grant by Itzteewhy(m): 6:17pm On May 26, 2021
International institution/corporation keeps giving Nigeria start ups grants and money more than what our useless Government could ever give.


All they know is how to loot money and live extra vacant life.

10 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by ManOfCompetence(m): 6:17pm On May 26, 2021
grin....... congrats to him......... things like this should be encouraged

3 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by AmotekunSW: 6:17pm On May 26, 2021
Congrats to them. If they can partner their escrow startup with sites like j1j1, Facebook market and even work with online vendors, they will make a killing.

6 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by Nobody: 6:17pm On May 26, 2021

14 Likes

Re: EscrowLock Wins $100m Facebook Grant by vioment: 6:18pm On May 26, 2021
Good fellows.

1 Like

Re: EscrowLock Wins $100m Facebook Grant by moneyshop: 6:18pm On May 26, 2021
Fascinating

1 Like

Re: EscrowLock Wins $100m Facebook Grant by Thinktwicemybro: 6:18pm On May 26, 2021
I hope they will not come out tomorrow and tell us that the winner is a scammer like Leviticus obi and the other one from ebonyi. Nigeria youths are shameless and only good at scam

1 Like 1 Share

Re: EscrowLock Wins $100m Facebook Grant by battymann: 6:18pm On May 26, 2021
Good news for a change in a long while

1 Like 1 Share

Re: EscrowLock Wins $100m Facebook Grant by Koryc: 6:19pm On May 26, 2021
Amazing
Re: EscrowLock Wins $100m Facebook Grant by coalcoal1(m): 6:19pm On May 26, 2021
Mad o �
Re: EscrowLock Wins $100m Facebook Grant by Nobody: 6:19pm On May 26, 2021
Does it have an app? If so please let them drop the link so that we that are doing business can tap in and protect ourselves it's very stressful working with unofficial escrows

15 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by atobs4real(m): 6:20pm On May 26, 2021
What a great news to hear today. Let my break through come tomorrow. Amen
Re: EscrowLock Wins $100m Facebook Grant by mightyhaze: 6:20pm On May 26, 2021
That's huge mehn..

Kudos peeps

2 Likes

Re: EscrowLock Wins $100m Facebook Grant by Offpoint1: 6:20pm On May 26, 2021
Please any Nairalander with Premium Freepik account should help me out, I want to download a file, you can download and send it to me.. I'm not asking for access. I'll compensate for your data... It's urgent please.

Kindly quote me, thanks.
Re: EscrowLock Wins $100m Facebook Grant by Belial06: 6:20pm On May 26, 2021
Splendid
Re: EscrowLock Wins $100m Facebook Grant by EmmanuelScott1(m): 6:20pm On May 26, 2021
LegendHero:
Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report make it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.

Me I was even shocked like bubu when I see 100 million dollars grin grin

10 Likes 1 Share

Re: EscrowLock Wins $100m Facebook Grant by Onyeedum(m): 6:21pm On May 26, 2021
Na publicity strategy, Nigerians respect when dy hear big money. Congratulations to them
LegendHero:
Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report make it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.

4 Likes 1 Share

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