Based in Bangalore, India
23rd September 2015
Press / Business Contact:
Cashfree Payments India Private Limited,
No.643, 3rd Floor,
Indiqube Octagon, 80 Feet Road,
Koramangala 4th Block,
Bengaluru, Karnataka - 560034, India.
Cashfree is a payments and banking technology company based out of Bangalore. Cashfree lets businesses send money round-the-clock and instantly to bank accounts and cards with a simple API that can be integrated with their product, instead of uploading complicated files on their corporate banking portal. Cashfree is used by more than 12000 businesses for vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. It counts Xiaomi, Tencent, Zomato, Cred, Club Factory, ExxonMobil, Google-backed Dunzo, donation platforms like Ketto and Milaap amongst its customers. Cashfree works closely with all leading banks like ICICI, HDFC, Kotak and Yes Bank to build the core payments and banking infrastructure that powers Cashfree products. Cashfree is also integrated with major platforms like Shopify, Wix, Paypal, Amazon Pay, Google Pay and Ola. As a full-stack payments solution for businesses operating in India, Cashfree also offers an easy to integrate payment gateway that supports instant refunds, a split payment solution for marketplaces, a Bank Account Verification API and Auto Collect -- a virtual account solution to match inbound payments to customers.
Cashfree 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 decided to work on building a dedicated bulk Payouts solution for businesses operating in India.
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Awards & Recognition
- "SutraHR top 100 startups to watch out
- "PayPal startup incubator
- "Y Combinator Alum
- "Cashfree wants to catch the eye by being more than a payment gateway"
- Kavya Kothiyal, TechCircle
- "Graduating from Y Combinator, how Cashfree is gearing up to reach Rs 200cr in transaction value"
- Tarush Bhalla, YOURSTORY
- "Cashfree’s Experience At Y Combinator And How We Almost Did Not Make It"
- Team Inc42, inc42
- "Cashfree launches Cashgram to make e-commerce refunds fast and simple"
- ANI, Business Standard
- "Cashfree Automates Payouts and Bank Transfers for Indian Businesses (YC S17)"
- Y Combinator, Y Combinator
Co Founder https://www.linkedin.com/in/sinhaakash.
Co Founder https://www.linkedin.com/in/reejudatta.