Escrow banking services provider Escrowpay to raise $4-M through warrants

Gurugram-based fintech startup Escrowpay, which offers digital escrow banking services, is to raise an additional USD 4 million via issuance of warrants, taking its total fund raise till date to USD 6 million. The fundraise is part of Escrowpay's extended Series A round under which it aims to raise USD 15 million. Escrowpay is currently backed by Tano India Opportunities Fund, Zenith Global Group, We Founder Circle, JB Ventures, AngelList, Inflection Point Ventures, and Chhattisgarh Investments. Escrowpay has received digital 'escrow regulatory fintech authorisation' from the International Financial Services Centres Authority (IFSCA.)