Dealsafe

Financial Escrow Service App with a focus on Deal Making

Fintech
Ecommerce
2021

Dealsafe is a digital escrow service that secures buyers' funds during transactions, releasing payment to sellers once terms are met. It mitigates risk and hassle by eliminating concerns about contracts, money security, and paperwork. As a trusted intermediary, it ensures secure, swift transactions for both buyers and sellers.

Dealsafe
The objective was to craft an experience that made the financial services accessible, trustworthy and easy to use, corresponding with Dealsafe's goal.

Chapter 1: Introduction

Dealsafe's Mission

Dealsafe's mission is to provide a modern, secure, and user-friendly escrow service that safeguards transactions for both buyers and sellers. It offers an affordable and protective solution for all transaction stages, ensuring that the needs and interests of all parties are met.

Dealsafe: Securing Transactions with Modern, Reliable Escrow Services

Chapter 2: Problem Statement

Definition of Deals, Problems and Proposed Solution

The use case for Dealsafe centers on the inherent uncertainties in traditional transactions between buyers and sellers, which include potential delays in delivery, production, and payments. Dealsafe wanted to address these issues by providing a secure platform to facilitate transactions, ensuring that funds are protected and only disbursed when the agreed-upon terms are fulfilled, thereby guaranteeing a safer and more efficient deal-closing process.

Dealsafe Solution: Navigating Transactional Certainty in a World of Uncertainties

General User Personas

Based on our market research, we defined some general user personas that helped us define the scope of the product as well as tailor interactions for its potential users.

General User Personas for Dealsafe

Chapter 3: User Onboarding

Secure & Role Centric User Onboarding Features

As part of its onboarding process, Dealsafe offers an intuitive user experience beginning with a clear and informative splash screen. Users can quickly register as either an individual or a business, with simple step-by-step guidance through the account creation phase, which includes entering details and secure OTP verification. For convenience, returning users have multiple login options, such as PIN, biometric data, or the classic email and password, catering to user preference while maintaining high security standards.

Dealsafe Onboarding: Streamlined Registration and Secure Login

Chapter 4: Home and Deal Creation

Personalized Home Screen & Intuitive Deal Creation

The Dealsafe app's deal creation feature is designed to provide a smooth transaction process. Starting from the home screen, users can view deal statistics and navigate active, pending, or completed deals. For deal setup, users input buyer or seller information, define deal terms, and review details for accuracy before submitting. The app supports diverse payment options and bank details entry, facilitating a seamless and successful transaction closure.

From Home Screen to Transaction Success: Dealsafe's Efficient Deal Flow

Chapter 5: Deal Tracking

A Robust, Elaborate and Clear Deal Creation and Tracking Process

Dealsafe has a meticulous approach to managing deal statuses and details. The app tracks each stage of a deal, from inception to completion or cancellation, providing users with clear status updates, including active, paused, or needing changes. Additionally, it features a streamlined issue resolution flow, ensuring any obstacles are promptly addressed. This system guarantees transparency and control throughout the transaction lifecycle, enhancing user confidence and satisfaction.

Dealsafe's Transaction Lifecycle: Detailed Statuses and Efficient Resolution

Chapter 6: Profile & Updates

Personalized, Accessible & Developed Profiles and Updates

Dealsafe enhances user engagement with a sophisticated notification system and comprehensive profile management features. It delivers real-time updates on transaction activities and allows users to customize their profile settings, manage payment methods, and securely verify their identity. The app's intuitive interface also includes a detailed transaction history and flexible login options, ensuring a seamless and secure user experience.

Dealsafe's Profile Management and Notifications

Chapter 7: Takeaways

Personal Takeaways & Challenges

The intricacy and care needed to craft a fintech product is always challenging but really engaging at the same time. The care needed to cover all of Dealsafe's use cases with users trusting them with their money demanded a keen eye for details. In addition to that, maintaining transparency, fairness and accessibility to sensitive information of each user also proved to be an interesting challenge.

Key Challenges I Faced also My Personal Takeaways

The project was and probably is the most intricate freelance project I have worked on. I had worked on fintech products before but the amount of attention to details needed as well as the sheer number of use cases that needed to be covered was new and refreshing.