Digital escrow platform Escrowpay just secured $600,000 from its current investors, bringing the total capital in its continuing Series A round—which has a target of $15 million—to a massive $6.6 million.
The fintech intends to use the money to assist important growth areas, quicken its initiatives, and encourage innovation across the payments industry.
Ashwin Chawwla, Managing Director, Escrowpay, expressed gratitude for the continued support from existing investors. “We have been building relentlessly to digitize cash optimization solutions since 2015. We are grateful for the continued support and confidence shown by our existing investors. This capital infusion positions us well for the next phase of growth, allowing us to execute on our strategic vision and deliver exceptional value to our customers and stakeholders. With the launch of BizSuraksha, Escrowpay has delivered an innovative ‘on demand’ digital escrow solution for smaller businesses that are not tech savvy or do not have their own tech team,” he said.
Customers can get “Better than bank” escrow and payment services from Escrowpay. They make decisions fast and are the pioneer and leading digital escrow and settlements company in India.
Renowned investors Bennett Coleman & Co. Ltd., Tano India Opportunities Fund, Zenith Global Group, We Founder Circle, Angel List, JB Ventures, Angel List, Inflection Point Ventures, Chhattisgarh Investments, and leading CXO angels are among those who have supported the company.
Escrowpay is a well-known digital platform for escrow and settlements. Their main priorities are value creation for their shareholders, innovation, customer happiness, brand building, and providing an amazing work environment for their staff.