Escrowpay in talks to raise $15-M

Gurgaon-based Escrowpay NeoBank is in talks to raise USD 15 million in series A funding. The startup which began as a consumer-focused digital escrow platform in the realty sector has now expanded into a B2B-focused "escrow as a service" platform. It works with banks, payment gateways and other stakeholders. Escrowpay will deploy the funds for expanding operations in India and overseas and will focus on cross border payments as well. Escrowpay is currently backed by CXOs, angels investors and funds such as the Chhattisgarh Investments Ltd, Inflection Point Ventures, and Touchstone Ventures.