About Cashfree Payments
Cashfree Payments is a company based in Bengaluru (India) founded in 2015 by Akash Sinha and Reeju Datta.. Cashfree Payments has raised $97.02 million across 7 funding rounds from investors including Krafton, State Bank of India and Apis Partners. The company has 724 employees as of December 19, 2024. Cashfree Payments has completed 2 acquisitions, including Telr and Zecpe. Cashfree Payments offers products and services including Payment Gateway, Payouts, and Identity and Risk Solutions. Cashfree Payments operates in a competitive market with competitors including Razorpay, Flutterwave, Pine Labs, HighRadius and Mintoak, among others.
- Headquarter Bengaluru, India
- Employees 724 as on 19 Dec, 2024
- Founders Akash Sinha, Reeju Datta
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cashfree Payments India Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$75.32 M (USD)4.51as on Mar 31, 2024
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Net Profit
$-15.77 M (USD)-1.46as on Mar 31, 2024
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EBITDA
$-13.03 M (USD)11.82as on Mar 31, 2024
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Total Equity Funding
$97.02 M (USD)
in 7 rounds
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Latest Funding Round
$53 M (USD), Series C
Feb 05, 2025
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Investors
Krafton
& 8 more
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Employee Count
724
as on Dec 19, 2024
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Investments & Acquisitions
Telr
& 1 more
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Products & Services of Cashfree Payments
Cashfree Payments offers a comprehensive portfolio of products and services, including Payment Gateway, Payouts, and Identity and Risk Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure online payment acceptance for businesses.
Facilitates instant transfers to banks and wallets.
Offers tools for KYC and fraud detection services.
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Funding Insights of Cashfree Payments
Cashfree Payments has successfully raised a total of $97.02M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $53 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $53.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - Cashfree Payments | Valuation | Krafton | |
| Jun, 2023 | Amount | Debt – Venture - Cashfree Payments | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Cashfree Payments | Valuation | SBI |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cashfree Payments
Cashfree Payments has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Krafton, State Bank of India and Apis Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cashfree Payments
Cashfree Payments has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Telr and Zecpe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Checkout software solutions are provided for e-commerce businesses.
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2019 | ||||
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Payment gateway API and online shopping store
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cashfree Payments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cashfree Payments Comparisons
Competitors of Cashfree Payments
Cashfree Payments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Flutterwave, Pine Labs, HighRadius and Mintoak, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Provider of an online payment gateway platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cashfree Payments
Frequently Asked Questions about Cashfree Payments
When was Cashfree Payments founded?
Cashfree Payments was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Cashfree Payments located?
Cashfree Payments is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Cashfree Payments?
Akash Sinha is the current CEO of Cashfree Payments. They have also founded this company.
Is Cashfree Payments a funded company?
Cashfree Payments is a funded company, having raised a total of $97.02M across 7 funding rounds to date. The company's 1st funding round was a Series B of $2.73M, raised on Jan 01, 2017.
How many employees does Cashfree Payments have?
As of Dec 19, 2024, the latest employee count at Cashfree Payments is 724.
What is the annual revenue of Cashfree Payments?
Annual revenue of Cashfree Payments is $75.32M as on Mar 31, 2024.
What does Cashfree Payments do?
Cashfree Payments was founded in 2015 in Bengaluru, India, within the fintech sector. Payment gateway services are offered to facilitate collections through online and in-person methods. Payout solutions enable efficient transfers to individuals and entities. Identity verification and fraud prevention tools are integrated into the platform. APIs support seamless system integrations, while customizable payment pages and links are available. International transactions are handled across various regions.
Who are the top competitors of Cashfree Payments?
Cashfree Payments's top competitors include Razorpay, Flutterwave and Mintoak.
What products or services does Cashfree Payments offer?
Cashfree Payments offers Payment Gateway, Payouts, and Identity and Risk Solutions.
How many acquisitions has Cashfree Payments made?
Who are Cashfree Payments's investors?
Cashfree Payments has 9 investors. Key investors include Krafton, State Bank of India, Apis Partners, Trifecta Capital, and Y Combinator.