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

What is escrow?

Escrow is a process in which a third party holds funds on behalf of two other parties, until the terms of an agreement have been met. In the context of rental properties, escrow is often used to hold security deposits and rent payments.