Indian fintech startup Castler raises $1 million in funding

Castler, an India-based fintech startup has raised $1 million in its new funding round to support its product expansion plans.

• The fund will be used to scale its local and cross-border escrow product portfolio, with an expectation to launch with 10 more banks.
• Founded in 2021, Castler offers escrow solutions and its management for enterprises and banks.
• It launched Castler SmartEscrow in 2021 as one of its digital escrow solutions to improve financial transactions security.  
• Venture Catalysts, 9Unicorns, Faad Network, and LetsVenture invested in the round.