Castler provides an operating system for end-to-end money movement through a unified API suite accessing the banking ecosystem. Their platform offers escrow orchestration for compliant, purpose-bound fund flows and connected banking for real-time collections and payouts. This infrastructure streamlines B2B payments, enhancing efficiency, security, and reconciliation for enterprises.
Funding
$7.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional escrow processes often involve manual workflows, limited transparency, and integration challenges across different banking systems, leading to inefficiencies and increased operational costs. This complexity can hinder transaction speed and create friction for businesses requiring secure and efficient fund management.
Solution
Castler provides a digital escrow platform that automates transaction management by integrating with multiple banks and trustees, enabling secure and efficient handling of funds across various industries. The platform offers customizable, approvable workflows, role-based access control, and real-time payment processing to streamline escrow processes. By digitizing and automating these workflows, Castler enhances transparency, reduces manual effort, and ensures secure and timely monetary transactions. The platform's modular design allows for integration with existing systems via APIs, and supports various use cases including investment escrow, marketplace transactions, lending, fintech solutions, real estate, and mergers and acquisitions.
Target Audience
Castler primarily serves enterprises, banks, NBFCs, property managers, and the public sector seeking to streamline their escrow processes, enhance transaction security, and improve cash management operations.
Features
- Customizable and approvable workflow management for diverse escrow scenarios
- Multi-bank and multi-trustee support for flexible fund management
- Seamless API integration for streamlined connectivity with existing systems
- Role-based access control to ensure data security and compliance
- Verified bulk payment capabilities for efficient payouts
- Document management system with audit trail maintenance for enhanced transparency
- Instant online payment transfers for quick and easy transactions
- Modular, flexible, and secure transaction banking workflows
- Automated reconciliation and report management for improved efficiency
- Payouts to verified UPI VPAs for convenient fund disbursement
- PCI-DSS Level 1 compliance, SOC-II (under implementation), and ISO 27001 (under implementation) for enterprise-grade security