Escrowpay Exceeds $6.6 Million in Funding, Introduces BizSuraksha

• ByStartupStory     |    December 28, 2023

Escrowpay, a digital escrow platform, has successfully raised $600,000 from its existing investors, marking a significant milestone as its total capital raised now stands at $6.6 million. This funding is a part of the ongoing Series A round, with ambitions to reach a total of $15 million. Notably, Escrowpay had earlier achieved a notable feat by securing the first digital escrow regulatory fintech authorization from IFSCA at GIFT City.

The company’s clientele spans over 3,000 clients, encompassing a diverse range of businesses, including SMEs, unicorns, listed enterprises, and emerging digital-first ventures throughout India. This financial boost is earmarked to propel various initiatives, bolster growth sectors, and stimulate innovation within the expansive payments landscape.

Reflecting on this achievement, Escrowpay stated, “We are thrilled to have gained the confidence and continued support from our existing investors. This funding round is a testament to the value we bring to the market and underscores our commitment to revolutionize the digital escrow space.”

The injection of capital signifies a pivotal moment for Escrowpay, empowering the company to accelerate its strategic endeavors while reinforcing its commitment to advancing the payments ecosystem. Notably, prominent investors such as Bennett Coleman & Co Ltd, Tano India Opportunities Fund, Zenith Global Group, We Founder Circle, Angel List, JB Ventures, Inflection Point Ventures, and Chhattisgarh Investments have contributed to this substantial funding round.

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