🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Cashfree Payments raises $53 Mn led by KRAFTON
Entrackr
·
5m ago
Medial
Cashfree Payments raises $53 Mn led by KRAFTON The capital will strengthen Cashfree’s payments and market reach while enabling synergy with KRAFTON to drive innovation across digital sectors. Payments firm Cashfree Payments has raised $53 million (Rs 450 crore) in a funding round led by Korean digital entertainment giant, KRAFTON and existing investor Apis Growth Fund II, a private equity fund managed by Apis Partners Group. The capital will strengthen Cashfree’s payments and market reach while enabling synergy with KRAFTON to drive innovation across digital sectors, the Bengaluru-based company said in a press release. According to TheKredible, Cashfree has raised approximately $95 million over its nine-year journey from investors including Y combinator, Smilegate Investments and State Bank of India (SBI). This is the first external fundraise for the company since June 2021. Cashfree Payments provides businesses with a fast and easy way to collect payments online, make payouts, improve conversions, and verify identity and detect fraud during KYC and onboarding. With popular merchant platforms like Shopify, Wix, WordPress, WooCommerce, and WhatsApp, Cashfree enables businesses to start transactions in 24 hours. The Akash Sinha-led company claims to enable large businesses to process 12,000 transactions per second during peak demand. It has also introduced Embedded Payments, allowing platforms, ERPs, and SaaS businesses to easily and compliantly integrate payments as a feature into their products. Cashfree recently launched Secure ID, an identity verification stack with a comprehensive suite of APIs and KYC components, addressing the surge in fraud. As per the company, SecureID has completed more than 1 billion identity and user verifications to date. Besides India, Cashfree Payments is expanding its footprint in the UAE and sees significant growth potential offering payments and related products across the Middle East. Despite facing a ban on onboarding new merchants for most of FY24, Cashfree's revenue from operations grew by 4.7% to Rs 642.7 crore from Rs 613.8 crore in FY23. However, the company's net loss remained unchanged at Rs 135 crore for the fiscal year ending March 2024. It majorly competes with Razorpay, PayU, BillDesk, and CCAvenue.
View Source
5
Related News
Cashfree raises $53 mn from Krafton, Apis; bullish about UAE expansion
The Arc Web
·
5m ago
Medial
Cashfree Payments raised $53 million in a Series C round, led by Krafton and Apis Growth Fund II, boosting its valuation to $700 million. The company plans to use funds for UAE expansion and enhancing cross-border payments, having acquired Telr for $15 million. Currently processing $80 billion with 800,000 merchants, Cashfree targets 80% revenue growth in FY25. The RBI's payment aggregator license lifted restrictions, spurring a 130% surge in merchant sign-ups.
View Source
South Korea's Krafton leads $53 mn funding in Cashfree Payments
VCCircle
·
5m ago
Medial
South Korean firm Krafton led a $53 million funding round for India-based Cashfree Payments, with participation from existing investor Apis Growth Fund II. Cashfree intends to use this investment to accelerate its payment solutions and enhance its market reach. Founded in 2015, Cashfree provides comprehensive payment solutions to businesses and plans to leverage Krafton's expertise to innovate across digital sectors. Cashfree processes $80 billion annually and serves 800,000 businesses, including notable clients like Swiggy and BigBasket.
View Source
Cashfree secures $53 million from Krafton, Apis Partners
Economic Times
·
5m ago
Medial
Cashfree Payments, a merchant payment startup, raised $53 million in equity funding led by South Korean firm Krafton and existing investor Apis Partners. This marks Krafton's first fintech investment in India, known for investing in startups like Kuku FM. The funds will boost product scaling and payment infrastructure projects. Cashfree, serving 800,000 businesses and processing $80 billion annually, aims to double transactions by 2025, expanding internationally and offering innovative payment solutions.
View Source
Cashfree to expand cross-border payments after $53 mn funding | Company Business News
Livemint
·
5m ago
Medial
Cashfree Payments, backed by Krafton and Apis Growth Fund II, raised $53 million, elevating its valuation to $700 million. The company plans to expand its cross-border payment services, focusing on customer experience, merchant interaction, and payment infrastructure. CEO Akash Sinha noted plans to expand in the Middle East via Telr, a firm they acquired in the UAE. International revenue stands at 10-15%, serving as a “booster,” with no immediate IPO plans.
View Source
MobiKwik partners with Cashfree Payments to offer ‘ZIP Pay Later' services
IndianStartupNews
·
1y ago
Medial
MobiKwik today said it has partnered with with Cashfree Payments, a payments and API banking startup, to offer interest-free credit for its users at their fingertips by integrating ‘ZIP Pay Later’ with Cashfree Payments’ Payment Gateway.
View Source
Cashfree receives NPCI certification for its own UPI switch
Economic Times
·
9m ago
Medial
Cashfree Payments has received certification from the National Payments Corporation of India for its UPI Switch service. This certification allows Cashfree to directly integrate with any bank's core banking software, resulting in a higher transaction success rate for its merchants. With this certification, Cashfree can settle around 12,000 transactions per second. The UPI Switch was developed in collaboration with NSDL Payments Bank as the sponsor bank. This achievement will lead to a 5% increase in Cashfree's transaction success rates, faster merchant onboarding, and improved control over the payments process. Cashfree Payments is a leading payment aggregator trusted by over 600,000 businesses, processing transactions worth $80 billion annually.
View Source
Cashfree appoints Nitin Pulyani as its head of product
Economic Times
·
10m ago
Medial
Digital payments startup Cashfree Payments has appointed Nitin Pulyani as its Head of Product and Senior Vice President. Pulyani, who previously worked with fintech companies like PhonePe and Jupiter, will lead product innovation and develop growth strategies for Cashfree. This appointment comes after Cashfree recently secured licenses from the Reserve Bank of India for payment aggregation and cross-border payments. With transaction worth $80 billion annually, Cashfree serves over 600,000 businesses and is expanding its presence in West Asia through its partner, Telr.
View Source
Cashfree launches risk management and fraud prevention tool RiskShield
Economic Times
·
1y ago
Medial
Bengaluru-based payment aggregator Cashfree Payments has launched a real-time risk management solution called 'RiskShield'. The solution aims to reduce fraudulent activities by up to 40%, allowing users to block transactions from specific mobile numbers, email addresses, IP addresses, and more. Cashfree Payments' CEO, Akash Sinha, stated that RiskShield is a result of extensive research and analysis, providing merchants with a complete risk management solution. The solution incorporates artificial intelligence and machine learning algorithms to detect fraudulent transaction patterns, minimizing chargebacks and disputes for businesses. Cashfree Payments saw a 75% rise in revenue in FY23, reaching Rs 614 crore.
View Source
Cashfree Payments Partners With NPCI To Launch ‘AutoPay On QR’
OutlookIndia
·
1y ago
Medial
Cashfree Payments has introduced 'AutoPay on QR' in partnership with the National Payments Corporation of India (NPCI). This solution simplifies the customer acquisition process for subscription-based businesses, improving retention and supporting growth. It also allows companies to maximize their return on ad spend by enabling quick mandate creation with just two clicks. The 'AutoPay on QR' feature streamlines customer onboarding, eliminating the need for app downloads or website registrations, making payments convenient for users and helping businesses convert customers into long-term subscribers. Cashfree Payments offers comprehensive payment solutions for businesses in India.
View Source
Cashfree Gets RBI’s Prepaid Payment Instrument Licence
Inc42
·
9m ago
Medial
Cashfree has become the first fintech company to secure licences for payment aggregator (PA), payment aggregator-cross-border (PA-CB), and prepaid payment instrument (PPI) from the RBI. The PPI license will allow Cashfree to issue prepaid payment instruments such as cards and digital wallets. Founded in 2015, Cashfree offers a comprehensive digital payments solution platform.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in