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

Castler Digital Identifier for Formal Giving Platform

Secure and Transparent Donations

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India’s largest Digital Identifier Platform

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Workflow of Funds in Castler Digital Identifier

01

Donor contributes funds to Castler's Digital Identifier account

02

Castler keeps the amount safe and secure in an escrow account

03

Charity confirms the receipt of funds and provides details of the project to be funded

04

Escrow releases funds to the charity upon completion of pre-agreed milestones

05

Donors receive regular updates on the project's progress

06

Escrow provides a final report to the donor upon project completion

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Castler Solution

Castler's advanced technology ensures payment security and transparency for the both the parties as Donor deposits funds into a secure Castler Digital Identifier account

Customizable terms and conditions to suit donor and charity requirements

Automated release of funds based on pre-agreed milestones

Full transparency and real-time tracking of donations and project progress

24/7 support from Castler's team of experts

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Secure Your Transactions with Castler Digital Identifier

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Benefits for both parties

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FAQ's

What happens if there is a dispute in an escrow transaction?

If there is a dispute in an escrow transaction, the fund is being held by Castler until the dispute is solved.

What are the responsibilities of the buyer, seller, and escrow agent in an escrow transaction?

The responsibilities of the buyer, seller, and escrow agent in an escrow transaction vary depending on the specific terms of the transaction. However, in general, the buyer is responsible for providing the funds, the seller is responsible for providing the property, and the escrow agent is responsible for holding the funds or property in escrow and releasing them to the appropriate party once all of the conditions of the transaction have been met.

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

To set up an escrow account, you will need to contact an escrow company and provide them with the following information:

The names of the parties involved in the transaction
The amount of funds involved
The terms of the transaction
The desired level of security and confidentiality

How do I choose the right escrow service for my formal giving platform?

When choosing an escrow service for your formal giving platform, there are a few factors you should consider, including:

The cost of the service
The types of services offered
The level of security and confidentiality
The reputation of the escrow company

What are the different types of escrow services available?

There are two main types of escrow services:

Open escrow: In an open escrow, the funds are held in escrow until all of the conditions of the transaction have been met. Once all of the conditions have been met, the funds are released to the appropriate party.
Conditional escrow: In a conditional escrow, the funds are held in escrow until a certain condition is met. Once the condition is met, the funds are released to the appropriate party.

How much does an escrow service cost?

The cost of an escrow service varies depending on the specific services provided and the amount of funds involved.

What are the risks of not using an escrow service for formal giving platforms?

There are a number of risks associated with not using an escrow service for formal giving platforms, including:

The possibility of fraud or theft
The donor may not receive their donation
The recipient organization may not receive the funds
The donor or recipient organization may be held liable for taxes or other fees

What are the benefits of using an escrow service for formal giving platforms?

There are many benefits to using an escrow service for formal giving platforms, including:

Increased trust and transparency between donors and recipients
Reduced risk of fraud or theft
Improved compliance with regulations
Greater efficiency and convenience

How does an escrow service work for formal giving platforms?

When a donor makes a contribution to a formal giving platform, the funds are held in escrow by the platform until the donation is completed. The platform then releases the funds to the recipient organization after it has received all of the necessary documentation.

What is an escrow service?

An escrow service is a third-party intermediary that holds funds on behalf of two or more parties involved in a transaction. The escrow agent is responsible for ensuring that the funds are released to the appropriate party only after all of the conditions of the transaction have been met.

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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