New Delhi: NCOME Tech Solutions Pvt Ltd, which operates a platform offering escrow-as-a-service, has raised Rs 3.6 crore ($490,596) in a pre-seed funding round.
The round in Delhi-registered NCOME has been led by startup incubator and accelerator Venture Catalysts, the company said in a statement. Other participants include 9Unicorns, the accelerator fund set up by Venture Catalysts, and the angel platform LetsVenture.
NCOME, set up by Vineet K Singh and Ritesh Tiwari, says it provides enterprise and individual customers with digital escrow service. Its platform uses technology to streamline conventional processes through digital know-your-customer (KYC) and account openings.
The startup says it has also partnered with one of the country’s largest private-sector banks and a leading trusteeship company.