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

How can a business ensure that its funds are protected in an escrow account?

A business can ensure that its funds are protected in an escrow account by using a reliable and secure Digital Identifier system like Castler. Castler provides a platform where businesses can securely transfer funds to a third-party escrow account, which is held by a trusted and independent third-party. The funds are then released to the intended recipient only when the agreed-upon conditions are met. This ensures that the funds are protected and not released until the transaction is completed satisfactorily. Castler’s Digital Identifier system also provides transparency and accountability, as all parties involved in the transaction can track the progress of the transaction and ensure that the funds are being held securely. Additionally, Castler’s system is designed to prevent fraud and protect against unauthorized access, ensuring that the funds are safe and secure at all times. Overall, using a Digital Identifier system like Castler is an effective way for businesses to protect their funds and ensure that transactions are completed securely and efficiently.