Product 03Henaho LabsPre-launch

Held

A marketplace built around protected payments.

Held is building protected payments through a licensed escrow partner. Not live yet.

Status: Pre-launch Not live yet. Launch waits on a licensed escrow partner.
For: Buyers and sellers of phones and gadgets in Lagos and Abuja.
Platforms: Web first. iOS and Android later.

Fig. 1Try it here. A simulation; nothing real is used or moved.

PreviewNot live yetA demo: no real money moves

Buyer

9:41

HeldBuying · #0417

iPhone 13 · 128 GBUsed · Pickup in Yaba

You pay₦185,000

Pay by: Bank transfer
Protected by: Licensed escrow partner
Released: When you share your code

Fund ₦185,000

Protected

With the escrow partner until handover. Meet the seller to collect.

Your handover code••••

Share it at pickup, once you have checked the phone.

Released

The seller entered your code. The deal is complete.

Paid
Protected
Code shared
Released

Demo · Not live yet

Escrow partner · licensed

Ledger · append-onlykobo

EP-0417-01FUNDED+18,500,000
EP-0417-02RELEASED−18,500,000
No entries yet

Balance, derived018,500,00018,500,0000

Seller

9:41

HeldSelling · #0417

iPhone 13 · 128 GBUsed · Pickup in Yaba

You get₦185,000

Awaiting payment

You will see when the buyer's payment is protected.

Payment protected

₦185,000 is with the escrow partner. Hand over the phone, then enter the buyer's code.

Enter the buyer's code1234567890⌫

Paid ₦185,000

The code matched, so the money was released at once.

Paid
Protected
Code shared
Released

Demo · Not live yet

The buyer pays ₦185,000 for a used phone.

Pay. The buyer pays ₦185,000 for a used phone.

Held. The payment is protected with the escrow partner until handover. The seller can see it is there.

Handover code. At pickup, the buyer shares a code. The seller enters it.

Released. The code matches, and the seller is paid.

What exists today

What is built

All of it runs against stand-in partners. No real money moves yet.

01Listings and sign-in with a one-time code.
02A deal flow with fund, release and refund steps.
03A handover code the buyer shares at pickup.
04Disputes, a ledger and messaging.

Fig. 2 · The system

Money moves only through the ledger.

Every naira is an append-only entry in kobo; balances are derived, never stored. Held is building protected payments through a licensed escrow partner. Not live yet.

Held · state machines · derived-balance ledger

Straight answers

Where it stands

Held is building protected payments through a licensed escrow partner. Not live yet.