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Konfam, a fintech startup advanced through Novalux thoughts ltd, A Lagos primarily based totally corporation will be part of the African fintech marketplace as one of the cutting-edge answer vendors withinside the Nigerian monetary device.
According to one of the Co-founders, Mr Michael Amakeze, the fintech become installation to offer escrow offerings and act as a charge middleman among shoppers and dealers who over time are craving for price gadget that offers them identical manage and get admission to to their budget at some point of commercial enterprise transactions at the same time as stamping out fraud, particularly for on line transactions.
In a assertion launched to the general public through the Company’s Head of Marketing, Mr Peter Ezenwa , the startup goals to amongst different matters construct accept as true with among companies and their clients, boosting enterprise transactions and disposing of fraud withinside the process.
Part of the assertion reads:
“The prominence and traction of the Nigerian on-line marketplace area got here with it numerous promises. For on-line providers, the arena have become smaller. The attain is unprecedented, with minimum cost. With the growing net penetration, clever telecellsmartphone revolution and the significant adoption of digital payments, ecommerce in Nigeria is rapid taking a pleasure of region along brick and mortar shops inside a completely brief time. However, the big possibilities it provides additionally has a sad flaw-loss of consider. Incidences of fraud are rife. According to ecommerce complaint (@eccnigeria), Instagram consumers by myself misplaced over N273 million Naira to scammers among April 2020 and September 2021. This is apart from different social media structures and different on line marketplace places.
It is for that reason that the Lagos-primarily based totally Fintech startup NOVALUX IDEAS LTD evolved and released a modern app and internet site known as Konfam.ng. It is an escrow platform that facilitates to get rid of fraud and presents same manipulate of price range to each companies and shoppers, making sure seamless and quality commercial enterprise transactions.
Konfam enables companies to growth their income through bridging the accept as true with hole among companies and their clients. The motto of Konfam is apt- TRUST BEYOND WORDS. With Konfam, incidences of “what I ordered v what I got” can now be retired permanently. Dubious carriers and clients alike will now not have their methods because the product is a democratized platform, equipping every of the companions to a enterprise transaction same get entry to to the budget. In different words, the budget can’t be moved till each events log off at the transaction.
Using Konfam for transactions isn’t always simply smooth however fun. The steps are very simple.
With Konfam, you get to create an immediately joint (holding) Wema financial institution account together along with your enterprise accomplice.
Money is paid into the account from everywhere at any time
Upon pleasurable commercial enterprise terms, any of the companions can provoke the withdrawal protocol.
The different accomplice endorses the transaction through inputting an OTP despatched to their telecellsmartphone and email.
The cash drops withinside the vacation spot account.
It is critical to be aware that so long as that transaction became finished the use of any of the Konfam version (Playstore or Web), the transaction is secure and secure.
The Founders have envisaged instances which could cause conflicts among companions in a few transactions. And so, they have got installation a war decision group and a version for resolving conflicts if and once they arise. Konfam.ng is the most secure manner to transact enterprise. Start nowadays and KONFAM your transactions”