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

Categories faq: Co-lending

How can I apply for Castler’s escrow-based supply chain financing solution?

To apply for Castler’s escrow-based supply chain financing solution, start by visiting the Castler website and submitting an inquiry. Prepare a comprehensive business profile, including financial statements, transaction records with suppliers and buyers, and any relevant credit references. A Castler representative will guide you through the application process and required documentation.

What is the difference between Castler’s escrow-based supply chain financing and factoring?

While both Castler’s escrow-based supply chain financing and factoring involve using receivables to generate cash, Castler’s solution is a more collaborative process between the buyer, supplier, and financier, with the added security of an escrow account. Factoring involves selling invoices to a third party at a discount, transferring the responsibility of collecting payments to the factor.

How can Castler’s escrow service benefit both small and large businesses?

Both small and large businesses can benefit from Castler’s escrow service in supply chain financing by ensuring secure and timely transactions, improving cash flow management, and reducing the risk of payment disputes.

What are the benefits of using Castler’s escrow-based supply chain financing?

The benefits of using Castler’s escrow-based supply chain financing include:
a. Enhanced security for transactions
b. Improved cash flow management
c. Reduced payment delays and disputes
d. Strengthened supplier relationships
e. Access to a wider range of financing options