The need for a secure transacting ecosystem has never been more important. Monetary crimes and online frauds like phishing, account hacking, or transaction discrepancy have been on a constant rise and regularly claim victims amidst the growing digital payment environment.
Microsoft’s 2021 Global Tech Support Scam Research report revealed that seven in ten consumers in India fell prey to scams in 2020.
Amidst this, Escrow-as-a-Service (EaaS), which has remained passive in India, has started gaining traction as businesses look for safe and secure transactions, especially in the context of increasing foreign investments, mergers and transactions and real estate deals.
Delhi-based digital escrow platform — Castler — has been creating a strong space for itself in this market. Launched in January 2021 by ex-colleagues — Vineet Singh, Dinesh Kumar, and Ritesh Tiwari — the startup enables any individual or business to create a unique instant digital…