In early 2020, our founder Vineet sold his car to an i-buying used car platform. They promised him payment in 30 minutes, but Vineet received the payment after 10 days and after long and arduous follow-up. During these 10 days he felt the usual panks of fear, insecurity and anger that any short-changed customer would feel.
Around the same time, Vivek Sinha a dear friend of Vineet, sold some furniture to a buyer from a listing site. He was de-frauded Rs.17,290 by a fraudulent buyer.
These two incidents left an impression on Vineet’s mind, and he decided that his next venture would be about “eradication of fraud”.
And thus, Castler was born.
During our journey, the vision of Castler has evolved from not only solving the problem of fraud for consumers to also solving key problems facing our industry and country at large. India is poised to become the third largest economy in the world over the next 5 years and sky is the limit if we can solve some of the key problems facing consumers and businesses.
Our Story
In early 2020, our founder, Vineet sold his car to an i-buying used car platform. They promised him payment in 30 minutes, but Vineet received the payment after 10 days and after long and arduous follow-up. During these 10 days he felt the usual pangs of fear, insecurity and anger that any short-changed customer would feel.
This incident left an impression on Vineet’s mind, and he decided that his next venture would be about “Eradication of Fraud”.
And thus, Castler was born.
During our journey, the vision of Castler has evolved from not only solving the problem of fraud for consumers to also solving key problems facing our industry and country at large. India is poised to become the third largest economy in the world over the next 5 years and sky is the limit if we can solve some of the key problems facing consumers and businesses.
Problem Statement
Problems Faced By Consumers
Problems Faced By Businesses
Problems Faced By Regulators
Key Problems Faced By Businesses
As per a Microsoft report, payment frauds have increased by 81% in India in CY 2020
49% of businesses have encountered frauds in their lifetime causing 3.4 x increase in total realised loss
Avg. commercial claim value settlement is 31% after an avg. of 1,445 days to resolve the same
Around $17 Bn Lost in the last 12 months due to fraud
680% increase in frauds between 2013 to 2018
Key Problems Faced By Regulators
Identity of Transacting Parties in Collection/ Settlements/ Payouts in not being solved for by current incumbents
The virtual layers of accounts being used by current incumbents has been misused humongously
The problem of money laundering which is critical for the security of our nation has increased with greater Fintech adoption.
Problems in Escrow Baking in India
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Escrow has been used globally to solve the problem of trust deficit, money security and identity validation widely
TEDIOUS DOCUMENTATION
Up to 30 Days for Escrow Agreement
TIME CONSUMING
Up to 140 Days to open an Escrow Account
HIGH COST
Banks | Trustee | Lawyers
SUPPLY-DEMAND MISMATCH
Unmet Demand over 90% at Banks
100% Secure | Lowest Price Guaranteed
Castler Is Building The Operating System For The Future Of Money Management In India
Castler Is Building The Operating System For The Future Of Money Management In India
Castler combines the functions of an escrow service, a trusteeship service, and transaction management tools to provide a comprehensive solution for managing escrow transactions. The company’s focus on Digital Identifier aims to offer a user-friendly, efficient, and secure experience for managing payments and settlement. By providing all these services in one platform, Castler aims to simplify the escrow processes and provide a better experience for its users.
100% Secure | Lowest Price Guaranteed
Our VISION
Our vision is to build The operating system for the future of money management, to make India the world’s number 1 economy by 2050.
Our MISSION
Our mission is to turn up every day and do the best possible to solve key problems of consumers, enterprises, regulators and our country.
India’s Best Escrow Banking Team
Founders Are Specialists In Building & Scaling Large & Profitable Billion-Dollar Businesses On The Pillars Of Good Governance And Responsible Growth
Vineet Singh
Founder & CEOVineet Singh is a seasoned entrepreneur with 25+ years of experience in various sectors including Payments, PropTech, E-commerce & Classifieds. He has achieved stupendous success with Naukri & 99acres as market leaders. In his last role at Mobikwik, he served as the Chief Business Officer.
Dinesh Kumar
Co-Founder & CBODinesh is an experienced business builder with a track record of successfully building and scaling enterprise businesses in jobs, proptech, and hospitality for over 20 years- Naukri ,99acres, Treebo, and Magicbricks.
Kumar Amit Sinha
Co-Founder & COOAn alumnus of the Chicago Booth School of Business, Amit has more than 18 years of experience across entrepreneurship, corporate and social domains, was Head – Enterprise Business at Razorpay and managed a P&L of over a billion dollars.
Ritesh Tiwari
Co-Founder & CPOWith more than a decade of experience across Financial Institutions like Barclay’s, Visa Europe & Omnio, Ritesh comes with a very deep understanding of Global Payments Ecosystem & Indian Transaction Banking Space.
100% Secure | Lowest Price Guaranteed
Our Backers
Our Backers
Testimonials
I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Prashanth
Finance manager
And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective.
Dipen Patel
CTO
Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.
Pradeep
CEO & Co-Founder
The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Rahul Singh
Finance Lead
Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Sanu Kumar
Program Manager
Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .
Nitish Kumar Gupta
Senior Director
Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Amruta Shingwekar
Founder
Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Akshitha
Strategic Finance
Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.
Preetesh Maloo
Co Founder
“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Nimith Agrawal
Co-Founder & CEO
Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Shubham
VP Strategy & Operations
Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Ranjit Sundaram
Founder
Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Santhosh C
Business Development Manager
Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .
Vidhi Bhatt
Co-Founder & Director
Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .
Varun Varada
Finance Manager
Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Gaurav Jhajharia
General Manager Business Finance
We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Anish Bhojani
COO
amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .
Shreyaan Daga
Founder
Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Yash Goyal
Head-Product and Marketing
I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .
Gunjan Sangoi
Investment Manager
Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .
Jyoti Rai
Lead Banking Ops
It’s Wow. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Dr.Joy Shah
CEO
Good Team. And I also liked the features like, Unified Dashboard, Team Responsiveness, End-to-End Support .
Anandan B
Anandan B
Very good service and quick response . And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Efficient & Effective .
Nitin Srivastava
Finance Managerr
A reliable Partner for fund security and distribution. Catler have many customised option for fund distribution among the beneficiaries. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort, They understand if someting is urgent or critical and team is always responsive..
Sunil Kumar
Asst. Manager
very fast way of transferring of funds . And I also liked the features like, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.
Sanjay Subramani
Lead Escrow -Banking operations
Have had amazing support from Vineeta and Bhumika on many instances! The founder Dinesh, is super responsive and helpful too!. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Deepak Naragund
Cofounder & CFO
User friendly platform to transfer the money and it is very safe as it is securitized with OTP’s. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective, Help you Save Time, Money & Effort.
Satheeskumar J
Senior manager
Responsive Team and End to end support. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support.
Harender Singh
CTO
I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. Overall, I would highly recommend Castler to anyone in need of escrow services. Their team truly went above and beyond to ensure that everything was handled efficiently and effectively, and I would definitely use them again in the future."
Nimith Agrawal
Co-Founder & CEO at DotCOThe process of disbursal through Castler is quick, easy and reliable. The best thing about them is their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests.
Rahul Singh
Finance Lead at KuhooCastler teams are well co-ordinated & have been standing on feet when support needed during our business peak.
Srikanth Gundavaram
Co-Founder & Director at InfubizResponsive Team and End to End Support.
Harender Singh
CTO at TassetsA reliable Partner for fund security and distribution. Catler have many customized option for fund distribution among the beneficiaries. User friendly platform to transfer the money and it is very safe as it is securitized with OTP's.
Satheeskumar J
Senior manager at ZetworkHave had amazing support from the team of Castler on many instances! The founders are super responsive and helpful too!
Deepak Naragund
Cofounder & CFO at Finsight VenturesCastler In Media
