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

Streamlining the Flow of Funds Supply Chain Finance

Simplify transactions, reduce risk, and improve cash flow with escrow-backed supply chain financing

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India’s largest Digital Escrow Platform

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Workflow of Funds in Castler Digital Escrow

01

Buyer and supplier establish trade relationship

02

Buyer places an order with the supplier

03

Supplier delivers goods/services

04

Buyer confirms and approves the invoice

05

Invoice is submitted to the financing institution

06

Institution advances payment to the supplier in escrow (less a small fee)

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Castler Solution

Castler's advanced technology ensures payment security and transparency for the supplier Financial institution advances payment into a secure Castler digital escrow account

Castler's dedicated support team is available to assist with any questions or concerns

The Castler solution reduces transaction costs and eliminates the need for letters of credit

Both parties benefit from Castler's user-friendly platform, providing a seamless escrow experience

Both parties benefit from Castler's user-friendly platform, providing a seamless escrow experience

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Streamline your supply chain with secure, escrow-backed financing solutions by choosing Castler.

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Benefits for both parties

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FAQ's

Are there any risks associated with escrow-based supply chain financing with Castler?

While escrow-based supply chain financing with Castler offers numerous benefits, there are potential risks that businesses should be aware of:
a. Over-reliance on financing: Businesses should avoid becoming overly reliant on escrow-based supply chain financing with Castler and maintain a healthy balance between debt and equity.
b. Interest rate fluctuations: Changes in interest rates can affect the cost of financing, potentially impacting cash flow and profitability.
c. Counterparty risk: There’s always a risk that a buyer or supplier may default on their payments, which can have financial consequences for the involved parties.
d. Transparency and disclosure: Inadequate transparency or disclosure of escrow-based supply chain financing arrangements can lead to misinterpretation of a company’s financial health.It’s essential for businesses to
carefully assess these risks and implement sound financial management practices to minimize potential negative consequences.

How does escrow-based supply chain financing with Castler impact my credit score?

Escrow-based supply chain financing with Castler can have a positive impact on your credit score when utilized responsibly. By providing access to additional working capital, it helps businesses meet their financial obligations on time, which can improve creditworthiness. Additionally, since transactions are secured through an escrow account, this reduces the risk of default and further improves the credit profile.

Can Castler’s escrow-based supply chain financing help my business during a crisis?

Yes, Castler’s escrow-based supply chain financing can provide much-needed financial support during a crisis, such as an economic downturn or a global pandemic. By optimizing cash flow and improving access to working capital, businesses can better manage their financial risks and maintain stability in difficult times.

What are the costs associated with escrow-based supply chain financing with Castler?

The costs associated with escrow-based supply chain financing with Castler may vary depending on the specific financing solution chosen. Generally, businesses can expect to pay interest on the amount financed, along with fees for setting up and maintaining the financing arrangement and the escrow account. It’s essential to carefully review the terms and conditions before entering into a financing agreement.

How can I apply for escrow-based supply chain financing with Castler?

To apply for escrow-based supply chain financing with Castler, start by preparing a comprehensive business profile, including financial statements, transaction records with suppliers and buyers, and relevant credit references. Reach out to Castler and submit your application along with the required documents.

How does Castler’s escrow-based supply chain financing differ from factoring?

While both involve using receivables to generate cash, Castler’s escrow-based supply chain financing is a collaborative process between the buyer, supplier, and financier, with transactions secured through an escrow account. Factoring involves a business selling its invoices to a third party (factor) at a discount, transferring the responsibility of collecting payment to the factor.

Who can benefit from escrow-based supply chain financing with Castler?

Both small and large businesses across various industries can benefit from escrow-based supply chain financing with Castler. It is particularly beneficial for companies with long payment terms, cyclical sales patterns, or those experiencing rapid growth.

What are the benefits of using escrow-based supply chain financing with Castler?
How does escrow-based supply chain financing with Castler work?

Castler’s escrow-based supply chain financing works by providing short-term credit to businesses based on their transactions with suppliers and buyers. An escrow account is used to secure the funds, ensuring payment to the supplier once the agreed-upon conditions are met. This creates a win-win situation, as suppliers receive payments more quickly, and buyers get more time to pay their invoices.

What is escrow-based supply chain financing?

Escrow-based supply chain financing is a financial solution that optimizes cash flow and working capital by leveraging supply chain relationships, with transactions secured through an escrow account. This financing method enables businesses to access funds based on their transactions with suppliers and buyers while minimizing risks through the use of escrow services.

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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.