Escrowpay surpasses $6.6 mn in funding milestone

Escrowpay, India’s digital escrow platform, has successfully raised $600 thousand from existing investors, bringing the total raised to an $6.6 million. The ongoing Series A round aims to reach $15 million.

The fresh capital will accelerate initiatives, support growth, and foster innovation, focussing on cross-border transactions in the UAE and the UK.

“We have been building relentlessly to digitize cash optimisation 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,” said Ashwin Chawwla, Managing Director of Escrowpay.

Escrowpay has support from 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 top CXO angels.

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