Bengaluru, May04, 2023:Cashfree Payments, India’s leading payments and API banking solutions company announced the elevation of Arun Tikoo as Chief Business Officer (CBO) and Ramkumar Venkatesan as Chief Technology Officer (CTO). The appointments were announced by the company as it gears up for its next phase of growth. The changes in the leadership team are expected to help the company accelerate its innovation and growth. In addition, there have been additional internal promotions across roles in the organisation to support the company’s strategic plans.

Cashfree Payments has been making significant strides in addressing the challenges facing the industry through technology and continuous innovation. The company has been consistently improving its product offerings to cater to the ever-evolving needs of its customers and provide them with an exceptional experience on its platform.

Arun Tikoo, who was previously SVP-Business and Strategy, has been appointed as CBO. In his new role, Arun will be responsible for spearheading growth, partnerships, products, and expansion into newer markets. He will handle strategic partnerships, go-to-market plans, and will be responsible for the company’s development and growth, including market penetration and development on a global scale. Arun will also be responsible for strengthening the existing distribution network across industries and overseeing compliance, pricing, and operational setups of new product launches. He brings over 20 years of experience in Digital Banking, Payments, Trade Forex, Sales Execution across Wholesale Banking, Retail Banking, and Startups. Prior to Cashfree Payments, he has worked with organisations like SBI, Yes Bank, ICICI Bank, and HDFC Bank in various capacities.

Ramkumar Venkatesan, who was previously SVP-Engineering, has been elevated to the
position of CTO. In his new role, he will be responsible for leading the organisation’s technology, engineering, and innovation strategies, coordinating them with larger business objectives. He will be in charge of seamless technological and product integration, as well as the company’s infrastructure, security, engineering, and product development. With over 20 years of experience in ad-tech, big data, e-commerce, and database technology spanning various geographies, Ramkumar has worked with organisations like Oracle, Yahoo, and Informatica in different capacities.

Akash Sinha, Co-Founder & CEO, Cashfree Payments said, “At Cashfree Payments, we are at an exciting phase of growth and expansion and with the new appointments, I am sure that Ramkumar and Arun will help us in driving this growth at a rapid pace. They bring with them a wealth of knowledge, differentiated skills, and experience in the area of innovation, technology, Product, and Business. I am confident that we will be able to boost the operational functionality of current systems and develop new technological breakthroughs to improve the delivery of higher-quality services for our customers.”

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. 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 UAE.

About Cashfree Payments
Cashfree Payments is a leading payment and API banking solutions company. It provides
full-stack payments solutions enabling businesses in India to collect payments and make
payouts via all available methods with simple integration. Cashfree Payments’ offerings include an advanced and easy way to integrate payment gateways, a split payment solution for marketplaces, bank account verification API, and Auto Collect — a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, http://www.cashfree .com is among the leading payment service providers in India processing transactions worth USD 40 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree Payments enables more than 3,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was incubated by PayPal.

Media contacts:
Swagata Gupta I swagata.gupta@cashfree .com | 9820088951
Elita Sequeira | elita@cashfree .com | 9740648708