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Escrow.com acquires online escrow services company Escrow Angel

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Arpit131

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Escrow.com recently acquired Australia-based escrow services company, Escrow Angel.

Here is the press release:

"Escrow.com, the number one licensed and independent online escrow service announced the acquisition of Australian online escrow service Escrow Angel and its automotive brand Protecti.

Escrow Angel was founded by Simon Lenton in 2012, and operated in Australia. Escrow Angel also operated under the brand Protecti and licensed its platform to South Africa’s biggest non-bank card issuer Paycorp in 2014.

Escrow.com has been rapidly expanding its team and capabilities since its acquisition by Freelancer.com in 2015."


Escrow Angel CEO Simon Lenton says, “It has been a wild ride getting Escrow Angel to where it is today. And we are pleased to be acquired by Escrow.com, the world leader in secure online payments.”

Escrow.com plans to offer escrow services in Australia in the future in Australian Dollars subject to licensing and regulatory approval which is currently underway.


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