# Escrowpay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/escrowpay

- Industry: Financial Services
- Headquarters: Haryana, India
- Website: www.escrowpayindia.com
- Total disclosed funding: $6.7M
- Latest round: Series A (Dec 27, 2023)
- Investors on record: 7

## About

Escrowpay is a digital escrow service provider based in India that facilitates secure transactions by holding funds until transaction conditions are met, thereby enhancing financial transparency for businesses.Founded in 2015 and headquartered in Haryana, India, Escrowpay specializes in digital escrow solutions for businesses, ensuring the secure management of funds in various transactions. The company has successfully completed 7 deals, with its most recent funding round occurring on December 27, 2023. It raised USD 6.6 mn in SERIES A funding, led by Tano Capital, with participation from several investors including AngelList and Bennett Coleman & Co. The founder's previous entrepreneurial history is not specified.Escrowpay provides a secure platform that allows businesses to open escrow accounts with RBI-licensed banks, managing collection transactions across diverse industries. Their services include automating workflows, real-time transaction updates, and ensuring transparency among parties involved. Over 100,000 businesses, including tech startups and e-commerce platforms, utilize Escrowpay for vendor payments, real estate transactions, and mergers and acquisitions, all supported by advanced security measures and compliance with global regulations.For the most recent year, Escrowpay generated a revenue of USD 118,542.20 and reported an EBITDA of USD -475,679.70.Escrowpay plans to utilize its recent SERIES A funding of USD 6.6 mn to enhance its payment ecosystem, focusing on the rollout of new products designed to improve transaction efficiency and security. Targeting expansion into new geographical markets, the company aims to reach additional regions in Asia by the end of 2024. The funding will support the acceleration of these initiatives, reinforcing its strategic position in the digital escrow service industry.

## Funding rounds

- Series A, Dec 27, 2023, $6.6M — Inflection Point Ventures, Bennett Coleman & Co., Tano Capital, JB Ventures, AngelList, Zenith Global Ltd, We Founder Circle
- Seed, Dec 13, 2019, $0.1M — Inflection Point Ventures

## Investors

- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Seed, Series A
- Bennett Coleman & Co. — Series A
- Tano Capital (https://capitalatlas.ai/funds/tano-capital) — Series A
- JB Ventures (https://capitalatlas.ai/funds/jb-ventures) — Series A
- AngelList — Series A
- Zenith Global Ltd — Series A
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Series A