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Cashfree Payments

Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree Payments is a leading and fast-growing payments and API banking solutions company, based in Bangalore. Cashfree Payments provides a full stack payments solution enabling businesses in India to collect payments and make payouts via all available methods with a single integration. Cashfree Payments is the leading payment processor for payment disbursals with more than 50% market share.

Cashfree Payments was founded with the vision of enabling businesses in India to accept and disburse payments around the clock. At present, it is amongst the leading payment service providers in India processing transactions worth  USD 40 billion annually.

With the mission to use innovative technology & excellent service to provide the best payment experience to users, Cashfree Payments has so far launched 16 products with 6 industry-firsts, and continues to innovate to advance digital payments in India and across the globe. Cashfree Payment has also been a pioneer in banking transactions via API or API Banking, which leads a rapid technological shift in global fintech.

Cashfree Payments works with more than 1,50,000 companies to offer solutions such as payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty, and rewards.

Incubated by payments pioneer PayPal, Cashfree Payments is backed by Apis Partners, Smilegate and the famed Silicon-Valley startup accelerator Y-Combinator, Cashfree Payments has been profitable since 2016). India's leading lender, the State Bank of India (SBI) has recently made a strategic  investment in the organisation to reinforce the shared vision of promoting digital modes of payments.

Through partnerships with brands like Zomato, Cred, Nykaa, Delhivery, Acko and Shell Cashfree Payments has  launched several personalized products and solutions for specific business use cases to elevate end-user experiences. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products, and  is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments’ products are used in  eight other countries including  the USA, Canada and the UAE.