Indian fintech startup Castler raises $1 million in funding

Oluwajuwonlo Afolabi -

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.