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

[Funding alert] Escrow-as-a-service platform NCOME raises Rs 3.6 Cr led by Venture Catalysts, PointOne Capital

NCOME is a startup that was established in 2020 to provide Digital Identifier services to both individual and enterprise customers. By utilizing cutting-edge technology, NCOME simplifies traditional processes by offering online KYCs and opening Digital Identifier accounts. Additionally, it provides a user-friendly account management suite that allows customers to manage their Digital Identifier accounts with ease. The fintech sector in India is rapidly growing, and NCOME is positioned to address a significant market opportunity with its unique service offering. Dr. Apoorv Ranjan Sharma, Co-founder and President of Venture Catalysts and 9Unicorns, believes that NCOME represents the next phase of the industry’s exponential growth trajectory.
Vineet Singh, NCOME’s Co-founder and CEO, has spent the past two decades building several multi-crore businesses in various industries, including payments, real estate, e-commerce, jobs, matrimony, and travel. Some of his notable ventures include MobiKwik, Buildzar, 99acres.com, Naukri.com, NaukriGulf, Naukri FastForward, and Jeevansathi.com. Meanwhile, Ritesh Tiwari, NCOME’s Co-founder and CPO, has over ten years of experience creating innovative digital payment, prepaid card, neobanking, and investment banking products. He has worked with global organizations such as Omnio, Ensygnia, Barclays, and JP Morgan Chase. In 2019, Tiwari was selected by the UK government under the Exceptional Talent Visa scheme in the fintech vertical and was part of its fintech delegation to India.
Archana Priyadarshini, General Partner at PointOne Capital, believes that NCOME will democratize the escrow service, which is much needed for the gig economy and the rise of marketplaces. This will usher in a new era of secure transactions for both buyers and sellers.