Cashfree Payments, a Bangalore, India-based payments company, raised USD 53M in funding.
The round was led by KRAFTON and existing investor Apis Growth Fund II.
The company intends to use the funds to accelerate its payments offering and boost market outreach.
Led by CEO Akash Sinha, Cashfree helps businesses collect payments online and make payouts. With an onboarding and integration process, and compatibility with popular merchant platforms like Shopify, Wix, WordPress, WooCommerce, WhatsApp, it enables businesses to start transactions within a day. It offers features like one-click checkout, abandoned cart recovery, and return prediction, helping businesses improve the payment experience, boost conversions and grow profitably. The company connects directly with payment networks, ensuring high success rates and reliability at scale, enabling large businesses to process 12,000 transactions per second during peak demand with ease. It has also introduced Embedded Payments, allowing platforms, ERPs, and SaaS businesses to integrate payments as a feature into their product with ease and in a compliant manner.
Among recent innovations, the company has built Secure ID, an identity verification stack with a comprehensive suite of APIs and KYC components, addressing the surge in fraud.
Cashfree was incubated by PayPal.
FinSMEs
05/02/2025