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# Indian fintech startup Castler raises $1 million in funding
- URL: https://www.techloy.com/indian-fintech-startup-castler-raises-1-million-in-funding/
- Published: 2022-06-22T09:10:13.000Z
- Updated: 2022-12-08T01:42:24.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech

[Castler,](https://www.castler.com/) an India-based fintech startup has raised $1 million in its new funding round to support its product expansion plans. 

- The fund will be used to scale its local and cross-border escrow product portfolio, with an expectation to launch with 10 more banks.
- Founded in 2021, Castler offers escrow solutions and its management for enterprises and banks.
- It launched Castler SmartEscrow in 2021 as one of its digital escrow solutions to improve financial transactions security.
- Venture Catalysts, 9Unicorns, Faad Network, and LetsVenture invested in the round.