Escrowpay has secured India’s first digital escrow regulatory fintech authorization from IFSCA at Gift City, marking a significant milestone in its growth. Escrowpay was guided and assisted by India Juris team at GIFT City and New Delhi offices. The work involved complete turnkey advisory, documentation and co-ordination with the regulator, IFSCA.
Serving over 3,000 clients, including MSMEs and unicorns, Escrowpay has processed transactions exceeding ₹15,000 crore. This authorization will allow the company to expand its offerings, including cross-border transactions in 14 currencies. Managing Director Ashwin Chawwla emphasized Escrowpay’s mission to make escrow banking more accessible and secure. The company is raising $15 million in its Series A round, with over $6 million already secured. It plans to expand into the UAE and integrate with five large banks there next year.
More details can be read at YourStory
