Escrow.com announced that it has partnered with BitsForDigits, an online startup and business acquisition platform.
The newly formed partnership offers a licensed and secure Escrow service, ensuring the protection of both parties involved in an online business acquisition transaction.
Users of BitsforDigits now have the opportunity to engage in confident buying and selling of businesses, as funds will be held in Escrow and released only upon mutual satisfaction with the purchase.
“Escrow is an important part of any merger and acquisition. With the online business acquisition space continually growing, Escrow.com is uniquely positioned to help buyers and sellers transact safely and securely online. Partnering with BitsForDigits will offer users peace of mind and security when selling or acquiring an online business or startup,” said Matt Barrie, Chief Executive at Escrow.com.
Founded by Laurits Just and Jan-Philipp Peters, BitsForDigits operates as a platform where accomplished internet business owners can present full or partial acquisition offers ranging from $100K to $50M.
The marketplace aims to simplify the process of acquiring and selling ownership of internet startups, prioritizing ease, safety, and efficiency. While startup owners are required to disclose annual revenues surpassing the $100+ threshold, the remaining profile information remains anonymous, safeguarding their privacy.
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