Cashfree Payments is a leading payments and banking technology company that empowers businesses to accept and send money efficiently. It offers a comprehensive suite of payment solutions, supporting multiple modes such as UPI, credit and debit cards, net banking, and digital wallets. Designed to cater to diverse business needs, the platform ensures secure, flexible, and convenient transactions. With advanced security measures like two-factor authentication, data encryption, and regular security audits, Cashfree Payments provides a trusted environment for businesses and their customers to transact with confidence.
Cashfree Payments has raised $53 million in a Series C funding round led by Korean digital entertainmnet platform Krafton, alongside existing backer Apis Partners. The funding values the company at $700 million. In total, Cashfree Payments has raised nearly $100 million to date.
Cashfree Payments, Bengaluru, Karnataka, India, was founded in 2015 by Akash Sinha and Reeju Datta. Cashfree Payments primarily operates in India and is actively expanding its presence in international markets, focusing on enhancing cross-border payment solutions. “We are excited to welcome KRAFTON as a strategic partner with continued support from our existing investors, Apis Growth Fund II and the team at Apis Partners. Our mission at Cashfree Payments has been to empower Indian businesses with the ability to transact in the digital economy with unparalleled security and efficiency. This investment will help us accelerate our key efforts – across cross-border and security innovations and international expansion – as we enter the next phase of our growth journey. Growing sustainably has been core to our identity and how we function at Cashfree Payments. We are focused on driving profitable growth as we scale. Our mission is clear: to create long-term value for our customers and lead innovation in the payments space, both in India and internationally,” said Akash Sinha, CEO & Co-Founder, Cashfree Payments.
Share this post