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Cashfree Payments raised $53 million in a funding round led by Krafton and Apis Partners to enhance its online merchant payment services.

Feb 05, 20259 months ago

Amount Raised

$53 Million

San FranciscoFinancial Services

Investors

Apis PartnersKrafton

Description

Cashfree Payments has secured $53 million in a fresh equity funding round. The round was led by Krafton, with participation from existing investor Apis Partners.

Company Information

Company

Cashfree, Inc.

Location

355 Bryant Street

San Francisco, California, United States

About

Cashfree Payments is a payments and banking technology company that enables businesses in India to collect payments online and make payouts. Cashfree Payments enables more than 6,00,000 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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech