Mumbai Angels & Castler Partner for Secure Transactions

Thursday, September 2, 2021

Castler, Escrow
Castler, Escrow
Castler, Escrow

Delhi-based fintech startup Castler has partnered with Mumbai Angels (MA) to provide digital escrow solutions for MA’s 170+ portfolio companies. These solutions address cases like lending, profit sharing, fundraising, and mergers & acquisitions. Amid rising cyber fraud, Castler processes an average of 6,000 transactions monthly, with a cumulative value of ₹80 crore.

Owned by Ncome Tech Solutions, Castler raised ₹3.6 crore in pre-seed funding in December 2020 and plans to secure Series A funding by year-end. Backed by partnerships with banks like ICICI Bank and trusteeship firms, Castler aims to reach 600 new clients next year.

Shivangi Bubna (Head, Mumbai Angels) praised Castler's escrow services as an innovative and secure solution for early-stage companies. She noted that this partnership aligns with Mumbai Angels’ goal of curating high-quality service providers to strengthen its portfolio companies' core operations.”