Cashfree is a payments and banking technology company that enables businesses in India to collect payments online and make payouts.
Cashfree offers a wide-range of payments services to businesses.
Cashfree was founded in 2015 by Akash Sinha and Reeju Datta. The company is headquartered in Bangalore, Karnataka, India.
Cashfree enables more than 55,000 businesses with payment collections, vendor payouts, wage payouts, instant loan disbursements, e-commerce refunds, insurance claims processing, expense reimbursements, loyalty, and rewards payments.
Cashfree customers include leading internet companies such as Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery among others. The startup processed over $12 billion in payments volumes in the financial year that ended in March.
Cashfree is backed by Y Combinator, Apis Partners, Smilegate Investments and others. The company raised $35.3M in a Series B round on Nov 24, 2020. This brings Cashfree's total funding to $40.9M to date.