Bangalore, 07 Dec 2021

Cashfree Payments partners with Dvara Solutions to provide digital disbursement and collection services

Bengaluru, 07 December 2021: Leading payments and API banking solutions company,
Cashfree Payments (Cashfree) has partnered with Dvara Solutions Pvt Ltd, a technology platform
company for Financial Institutions, to provide its customers with digital disbursements and
collections services.
Cashfree Payments products will enable NBFCs on Dvara’s platform to disburse loans, automate
loan repayment collection and validate customer’s KYC details including bank account or UPI ID
or beneficiary name, seamlessly, with shorter turn-around time. Cashfree Payment’s loan
disbursal and collection management services covers the entire journey for the merchant from
onboarding businesses using KYC, Bank Account Verification to direct disbursals from bank
account and ending with payment collection and reconciliation. It allows addition of beneficiaries

instantly and disbursal 24×7 to any bank account, UPI ID, Paytm wallet and Amazon Pay in real-
time.

Reeju Datta, Co-founder of Cashfree said, “It has always been our aim to enable businesses
with digital disbursements and collections services. Our partnership will not only help to automate
collections, but also provide the benefits of open APIs thus reducing costs and turnaround time
on business processes such as digital data capture and account analysis.”

Commenting on the partnership, Kapil Gupta, MD & CEO of Dvara Solutions, said, “At Dvara
Solutions, we aim to shoulder the technology-related complexities of Financial Institutions through
our platform Perdix and a host of integrations with innovative external solutions. We believe our
partnership with Cashfree Payments will provide our clients access to technologically superior
and secure digital disbursement and collections services. We believe these cutting-edge
technological solutions will help Financial Institutions achieve efficiencies and serve their
customers better.”
The Perdix platform of Dvara Solutions caters to an array of asset classes and offers a
comprehensive suite of modules, APIs and Products that enable financial institutions to become
highly customer-centric and deliver high-quality financial services to their customers at their
doorsteps anywhere in the country. It automates the end-end business processes of Financial
Institutions covering Customer Management, Loan Origination, Loan Management, Collections,
Audit and Reporting. The platform also integrates with external providers through open APIs to
offer various services such as KYC Validation, Bank Statement Analysis, Credit bureau check,
Credit Underwriting, E-Documentation, E-Sign, Digital disbursements and Digital Collections.
These are aimed at improving the efficiencies and reducing costs of Financial Institutions.
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 gateway, 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 20 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 1,00,000 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.


About Dvara Solutions:

Dvara Solutions is an ISO 9001:2015 certified technology company with a mission to enable
institutions working in the financial inclusion segment in becoming highly customer-centric and
deliver high-quality financial services to even the remotest parts of the country. The platform
caters to over 25 clients that serve over four million customers with a collective AUM of over a
billion dollars.
Dvara Solutions is a portfolio company of Dvara Holdings (formerly Dvara Trust) and is part of the
Dvara Venture Studio cohort that Dvara Holdings is pioneering into being the premier start-up
partner in India for entrepreneurs working towards large-scale systemic change in financial
inclusion.
For more information, visit: https://www.dvara.com/solutions/
Media Contacts:
Swagata Gupta I swagata.gupta@cashfree.com | 9820088951
Sinoj Sadanandan | sinoj.sadanandan@cashfree.com | 9619375635
Niharika Saluja | niharika.saluja@adfactorspr.com | 8097341147
Dinesh Lodha | dinesh.lodha@dvara.com