Cashfree Payments is a payment and banking technology company, based out of Bangalore. As a complete payments platform, it helps 8,00,000+ businesses collect and send money with solutions such as an easy to integrate payment gateway that supports instant refunds; Payouts - an API banking platform for disbursals; a split payment solution for marketplaces; a Bank Account Verification API; a dedicated UPI stack for businesses and Auto Collect - a virtual account solution to match inbound payments to customers. It counts Xiaomi, Tencent, Zomato, Zoomcar, Cred, Club Factory, Shell, Google-backed Dunzo as well as donation platforms like Ketto and Milaap amongst its customers. Cashfree Payments is working with all leading banks such as ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Yes Bank to build the core payments and banking infrastructure that powers Cashfree’s products. Cashfree Payments is also integrated with major platforms like Shopify, Wix, Paypal, Amazon Pay, Ola Money and Google Pay.
Cashfree Payments was launched in 2015 as a payment gateway. While operating the payment gateway, the founders, Akash and Reeju, found it difficult to use online bank portals for disbursing payments everyday. In mid-2016, Cashfree Payments decided to work on building a dedicated bulk Payouts solution for businesses operating in India.