Castler offers an escrow banking stack that addresses complex transaction flows, identity verification, fraud management and customer protection. Founded in 2021 and based in New Delhi, the firm provides escrow solutions to over 500 enterprises and partners with more than 200 startups and 150 NBFCs and LSPs. It reports handling monthly transactions exceeding Rs 5,000 crore. Castler is launching full-stack solutions for liquidation and RERA escrows in partnership with multiple banks, insolvency professionals (IRPs) and NBFCs. The company plans to bolster both domestic and cross-border escrow services and establish partnerships with over 25 banks. It has also appointed fintech veteran Kumar Amit, ex-Razorpay, as co-founder and COO to support its expansion. Castler provides escrow solutions for enterprises, offering both domestic and cross-border escrow products and a dedicated Escrow Management TSP solution for enterprises and banks. The company has been operational since last April and currently serves over 150 enterprises. It manages over ₹1,000 crore (approximately $130 million) in transactions every month and operates with a team of just 12 employees. Castler has partnered with nine leading Indian and global banks to deliver its services. With the new funding, the company plans to expand its domestic and cross-border escrow product portfolio, go live with ten more banks, and grow its business tenfold over the next year. Leadership says the platform aims to democratise escrow products for mass usage across consumers and MSMEs.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2023