Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Four apps for improving your financial life

Castler is a provider of Digital Identifier services, which serves as a financial tool to manage and hold assets or money on behalf of two primary parties engaged in a business transaction. The purpose of an escrow agreement is to ensure that a third-party, the escrow provider, holds the funds until the buyer and seller fulfill the agreed-upon terms and conditions of the transaction. This system ensures that every transaction follows a step-by-step process, thereby mitigating risks for all parties involved. Once the agreed-upon terms are met, the money held in the escrow account is released. Castler’s Digital Identifier services are designed to facilitate secure transactions between buyers and sellers while minimizing the risks associated with traditional payment methods.