Castler, a Delhi-based startup specializing in digital escrow solutions, has seen significant growth in transactions amid the rising threat of cyber frauds globally and in India. The company’s client base has increased by 53%, and its gross transaction value has surged from ₹30 lakh to ₹25 crore per month. The startup has processed an average of 6,000 transactions per month, with a cumulative transaction value of ₹80 crore.

Castler has digitized the escrow account ecosystem, eliminating cumbersome paperwork and high fees. It has partnered with major banks, including ICICI Bank, and certified trusteeship firms. The startup offers customized digital escrow solutions for corporate restructuring, real estate transactions, deferred payments, digital lending, invoice discounting, and business loans.

In addition, Castler has secured ₹3.6 crore in pre-seed funding from Venture Catalysts, 9Unicorns, LetsVenture, AngelList, and PointOne Capital.

Vineet Singh, Founder and CEO, Castler,  highlights the rapid digitization of financial transactions in India while pointing out the rise in cyber frauds. He emphasizes the role of digital escrows in building trust and protecting transactions from fraudsters.