Cashfree Payments
Cashfree Payments, based in Bengaluru, India, is a fintech company specializing in payment solutions and APIs for businesses, serving over 600,000 customers including major firms like Xiaomi and Google-backed Dunzo.
Company History
Cashfree Payments, formerly known as Cashfree, was launched in 2017. Initially part of the S17 batch of Y-Combinator, the company has rapidly grown within the Fintech sector to provide essential payment solutions. Headquartered in Bengaluru, KA, India, Cashfree Payments has expanded its services across India, South Asia, and offers remote and partly remote options. The company serves over 600,000 businesses by offering a range of financial services and solutions.
Services
Cashfree Payments offers a comprehensive range of solutions tailored for various industries. Key offerings include a payment gateway, Payouts API banking platform, split payment solutions for marketplaces, and Bank Account Verification API. Additionally, Cashfree provides a dedicated UPI stack for businesses and Auto Collect virtual account solutions. With developer-friendly APIs, SDKs, and plugins, Cashfree caters to diverse needs in Ecommerce, Marketplaces, Lending, Microfinance, and Education sectors.
Clients and Integrations
Cashfree Payments counts Xiaomi, Tencent, Zomato, Zoomcar, Cred, Club Factory, Shell, Google-backed Dunzo, Ketto, and Milaap among its prominent customers. To enhance its offerings, Cashfree works closely with leading banks to build core payments and banking infrastructure. Additionally, the company is integrated with major platforms like Shopify, Wix, Paypal, Amazon Pay, Ola Money, and Google Pay, which broadens its service reach and convenience for users.
Industry and Sub-Industry
Operating within the Fintech industry, Cashfree Payments specifically focuses on the payments sub-industry. The company is dedicated to simplifying and streamlining payment transactions for businesses of various sizes, ensuring efficient transfer and collection of funds. By leveraging its technologies and partnerships, Cashfree contributes to the broader financial technology landscape, offering customized solutions across multiple regions and markets.
Media and Partnerships
Cashfree Payments has been featured in notable publications such as Business Standard, The Hindu, Mint, YourStory, Product Hunt, Y Combinator, TechCrunch, Tech in Asia, and Inc42. The firm is backed by significant investors including SBI, Y Combinator, and Apis Partners, which underlines its credibility and growth potential in the Fintech sector. These media features and partnerships highlight Cashfree's importance and impact within the industry.