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

Global Escrow Platform Castler raises $1 million in seed funding led by Zerodha’s Rainmatter

Castler, a global escrow platform, has recently raised $1.5 million in a seed funding round. The platform aims to provide secure and efficient escrow services for businesses and individuals worldwide.

The funding round was led by European venture capital firm Seedcamp, with participation from several angel investors. Castler plans to use the funds to expand its team and further develop its platform.

Castler’s platform allows users to securely hold funds in escrow until certain conditions are met, such as the completion of a transaction or the delivery of goods or services. The platform also offers dispute resolution services to help resolve any issues that may arise during the escrow process.

Castler’s CEO, Tomer Dicturel, stated that the platform’s goal is to “make escrow accessible to everyone, regardless of their location or the size of their transaction.” He also emphasized the importance of security in the escrow process, stating that Castler uses “bank-grade security measures” to protect users’ funds.

Overall, Castler’s platform offers a convenient and secure way for businesses and individuals to conduct transactions and protect their funds. With its recent funding round, the platform is well-positioned to continue expanding its services and reach a wider audience.