First Request Escrow, a leading Hong Kong-based online escrow service announces today that strong growth in its core business has enabled it to surpass US$500 million in secure transactions. Record volume fed by strong demand for secure transaction from automobile buyers and sellers and e-commerce companies has resulted in a sustained push in revenues and profits.
First Request Escrow Chief Operating Officer, Andrew Keogh, says that much of his company’s success can be easily traced back to a simple combination of easy-to-use technology and a simple but comprehensive range of products that deliver the convenience and security modern financial transaction demand.
“We’re delighted to have been able to pass this milestone as quickly as we have. It vindicates the decision we made to focus on this type of business when dissenting voices were insisting that escrow services like ours had little relevance in this age of online payment systems like Alipay and PayPal,” he explained.
Chief among the advantages of using First Request Escrow suite of services is the security and assurance they provide when acting as a third party responsible for the collection, retention and disbursement of funds in line with instructions agreed by two parties, typically buyer and seller.
The First Request Escrow web-based interface enables its clients to login into their accounts and obtain real-time information pertaining to ongoing and completed transactions instantaneously while also offering interest-bearing, secure deposit facilities for frequent users like those who may make frequent disbursements when paying for inventories, goods and services.
“The outlook for our business is robust and we expect it to grow, both in terms of revenues and in the number of highly-satisfied clients and users who look to us for security when conducting transactions,” said Keogh.
About First Request Escrow
First Request Escrow was founded in 2004 by a highly skilled group of lawyers, financial advisors and analysts. Between us we have accumulated years of experience in the escrow, legal and financial industry and acknowledged a rising demand for an independent Hong Kong based escrow service.
After more than a decade in the industry, we have gained an extensive network of intermediaries and professionals in addition to an international presence providing escrow services in a multitude of currencies including sterling, dollar and euro escrow accounts. All funds are held in an internationally recognised and independently rated banks thus ensuring financial safekeeping for all of the First Request Escrow accounts.