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

What is milestone based escrow?

Milestone based escrow is a type of escrow service that allows businesses to release funds to a freelancer or contractor in stages, based on the completion of specific milestones. This helps to protect both parties in the transaction, by ensuring that the freelancer or contractor is paid only for the work that they have completed, and that the business does not release funds until they are satisfied with the work.