Castler, a leading provider of global escrow banking solutions, has recently secured a $1 million investment from Rainmatter, the venture capital arm of Indian stockbroker Zerodha. The funding round also saw participation from other investors, including Venture Catalysts, 9Unicorns, Faad Network, and LetsVenture.
The injection of funds will allow Castler to continue expanding its domestic and cross-border escrow product offerings. In addition, the startup plans to go live with 10 more banks, which will significantly boost its market reach and enhance its capabilities in providing secure and reliable financial solutions to its clients.
Castler has already established a solid reputation in the industry for offering cutting-edge escrow services, which allow businesses to securely and efficiently manage transactions. With this new round of funding, the company aims to scale up its operations and grow its business by 10 times over the next year.
The company’s growth strategy is driven by the rising demand for secure and reliable payment solutions, particularly in the current economic climate where digital transactions are becoming more prevalent. Castler is well-positioned to capitalize on this trend, with its robust technology platform, global network of banking partners, and experienced team of professionals.
In summary, the investment from Rainmatter and other investors is a significant milestone for Castler, and it is expected to help the company accelerate its growth and strengthen its market position in the coming years.