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

How does escrow-based supply chain financing with Castler work?

Castler’s escrow-based supply chain financing works by providing short-term credit to businesses based on their transactions with suppliers and buyers. An escrow account is used to secure the funds, ensuring payment to the supplier once the agreed-upon conditions are met. This creates a win-win situation, as suppliers receive payments more quickly, and buyers get more time to pay their invoices.