Secure escrow for diaspora remittances—funds released only on verified project milestones.
Diaspora Nigerians' remittances intended for specific family projects like home construction are frequently misused by relatives for other needs, resulting in stalled projects, financial losses, and broken family ties.
Diaspora users deposit funds into escrow for specific projects like home construction. Recipients upload photo/video proof of milestones to trigger releases. This prevents misuse, ensures projects progress, and rebuilds trust with transparent tracking.
Nigerians living in the diaspora (e.g., in London, Houston) sending remittances to family in Nigeria for construction and specific projects
Nigeria-specific escrow tailored for family remittances with cultural photo verification workflows.
supportive
Sender deposits funds via Stripe into held escrow.
Sender defines project milestones with descriptions and amounts.
Recipient uploads media; AI-assisted approval or sender review.
Automated or manual release upon verification.
Real-time status, balance, and history view.
Auto-generate PDF receipts for tax/compliance.
Twilio alerts for milestones and releases.
Schedule monthly escrow top-ups.
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| text | No | |
| role | text | No |
| phone | text | Yes |
| created_at | timestamp | No |
Relationships:
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| sender_id | uuid | No |
| recipient_id | uuid | No |
| name | text | No |
| total_amount | int | No |
| status | text | No |
Relationships:
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| project_id | uuid | No |
| description | text | No |
| amount | int | No |
| verified | bool | No |
| media_url | text | Yes |
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| project_id | uuid | No |
| milestone_id | uuid | Yes |
| amount | int | No |
| type | text | No |
| status | text | No |
Relationships:
/api/projectsCreate new project
/api/projects/:idGet project details
/api/milestones/:id/verifyUpload verification media
/api/milestones/:id/releaseApprove and release funds
/api/transactions/:projectIdList project transactions
Up to $500 total escrow
Up to $50k escrow
Unlimited
| Month | Users | Conversion | MRR | ARR |
|---|---|---|---|---|
| Month 1 | 100 | 5% | $150 | $1,800 |
| Month 6 | 800 | 8% | $1,920 | $23,040 |
Escrow service ensures funds for home builds and projects are spent correctly—with photo proof before release.
Post in Nigerian diaspora Facebook groups like 'Nigerians in UK/USA' with a demo video; DM 20 admins of remittance advice pages on Twitter; Offer free Pro tier to first 3 via cold emails to LinkedIn profiles searching 'Nigerian construction abroad'.
Low-cost transfers
No project controls
Escrow + verification for misuse prevention
Local payments
No escrow features
Milestone-specific releases
Data moat from verified project outcomes + network effects as more families join.
Nigeria's remittance boom ($20B+/yr) + smartphone penetration enabling photo verification.
Escrow regulations in Nigeria
Partner with licensed payment provider, consult lawyer early
Low adoption due to trust in family
Free tier + testimonials
Stripe integration delays
Use Stripe Connect templates
Success: 10 express interest in beta
Success: 50 signups
Success: 3 paid conversions
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