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

Castler Digital Identifier for Distributor Dealer Financing Escrow

Secure and efficient financing for distributors and dealers

100% Secure | Lowest Price Guaranteed

India’s largest Digital Identifier Platform

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Workflow of funds using Castler Escrow

01

Parties agree to use Castler Escrow for financing Step

02

Distributor/Dealer transfers invoice to Castler Escrow

03

Lender transfers loan amount to Castler Escrow

04

Castler Escrow verifies invoice and loan amount

05

Castler Escrow releases loan amount to distributor/dealer

06

Distributor/dealer repays loan to lender through Castler Escrow

100% Secure | Lowest Price Guaranteed

Castler Solution

Secure and efficient financing for distributors and dealers

Verification of invoice and loan amount

Reduced risk of disputes and delays

Experienced and reliable escrow agents

Customizable terms and conditions

100% Secure | Lowest Price Guaranteed

Secure financing for distributors and dealers with Castler Escrow

100% Secure | Lowest Price Guaranteed

Benefits for both parties

100% Secure | Lowest Price Guaranteed

FAQ's

What happens if there is a dispute during the Escrow process?

If there is a dispute during the Escrow process, the Escrow company will mediate the dispute and try to reach a resolution. If the dispute cannot be resolved, the Escrow company may be required to hold the funds in the Escrow account until the dispute is resolved.

What are the documents I need to provide to set up an Escrow account?

The documents you will need to provide to set up an Escrow account will vary depending on the Escrow company and the services offered.

What are the steps involved in setting up an Escrow account?

Heads towards our Platform page to understand it better.

How much does Escrow cost?

The cost of Escrow varies depending on the Escrow company and the services offered. However, Escrow typically costs between 1% and 3% of the purchase price.

How do I choose the right Escrow service for my Distributor Dealer Financing needs?

When choosing an Escrow service, it is important to consider the following factors:

Cost
Services offered
Hours of operation
Reputation
It is also important to get quotes from several different Escrow companies before making a decision.

What are the different types of Escrow services available?

There are two main types of Escrow services available:

Independent Escrow companies
Bank Escrow services
Independent Escrow companies are typically more expensive, but they offer a wider range of services and more flexibility. Bank Escrow services are typically less expensive, but they may have more limited hours and services.

What are the risks of not using Escrow for Distributor Dealer Financing?

There are several risks associated with not using Escrow for Distributor Dealer Financing, including:

The buyer could lose the purchase price if the dealer does not deliver the vehicle.
The dealer could lose the sale if the buyer does not approve the financing.
There is an increased risk of fraud.
The process could be more time-consuming and complicated.

What are the benefits of using Escrow for Distributor Dealer Financing?

There are several benefits to using Escrow for Distributor Dealer Financing, including:

Protection for both the buyer and dealer
Convenience
Reduced risk of fraud
Increased efficiency

How does Escrow work in Distributor Dealer Financing?

The Escrow process typically works like this:

The buyer and dealer agree on the terms of the sale.
The buyer applies for financing.
The Escrow company opens an Escrow account and deposits the purchase price into the account.
The dealer delivers the vehicle to the buyer.
The buyer approves the financing.
The Escrow company releases the purchase price to the dealer.

What is Escrow?

Escrow is a third-party service that holds funds or property on behalf of two or more parties until all conditions of an agreement have been met. In the context of Distributor Dealer Financing, Escrow is used to hold the purchase price of a vehicle until the dealer has delivered the vehicle and the buyer has approved the financing

100% Secure | Lowest Price Guaranteed

Testimonials

I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

 

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Prashanth

Finance manager

And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Dipen Patel

CTO

Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Pradeep

CEO & Co-Founder

The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Rahul Singh

Finance Lead

Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Sanu Kumar

Program Manager

Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .

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Nitish Kumar Gupta

Senior Director

Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Amruta Shingwekar

Founder

Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Akshitha

Strategic Finance

Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.

Preetesh Maloo

Co Founder

“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Nimith Agrawal

Co-Founder & CEO

Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Shubham

VP Strategy & Operations

Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

Ranjit Sundaram

Founder

Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Santhosh C

Business Development Manager

Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Vidhi Bhatt

Co-Founder & Director

Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Varun Varada

Finance Manager

Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Gaurav Jhajharia

General Manager Business Finance

We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Anish Bhojani

COO

amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .

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Shreyaan Daga

Founder

Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Yash Goyal

Head-Product and Marketing

I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .

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Gunjan Sangoi

Investment Manager

Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .

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Jyoti Rai

Lead Banking Ops

It’s Wow. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Dr.Joy Shah

CEO

Good Team. And I also liked the features like, Unified Dashboard, Team Responsiveness, End-to-End Support .

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Anandan B

Anandan B

Very good service and quick response . And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Efficient & Effective .