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

How can a cross-border escrow service help businesses manage their cash flow?

A cross-border escrow service like Castler’s Digital Identifier system can help businesses manage their cash flow by providing a secure and reliable platform for transactions. With this system, businesses can ensure that payments are made and received on time, reducing the risk of delayed or lost payments. This can help businesses to better manage their cash flow, as they can rely on the escrow service to hold funds until the transaction is complete. Additionally, the escrow service can help to mitigate the risk of fraud or disputes, as it acts as a neutral third party to ensure that both parties fulfill their obligations. This can help to build trust between businesses and their customers or suppliers, which can be especially important in cross-border transactions where there may be different legal and regulatory frameworks. Overall, a cross-border escrow service can provide businesses with greater confidence and security in their transactions, helping them to manage their cash flow more effectively.