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DeveloperCashfreeBased in Bangalore, India
Founding date:23rd September 2015
Press / Business Contact:media@cashfree.com
Address:
Cashfree Payments India Pvt Ltd, Vaishnavi Summit, No. 6/B, Summit, 80 Feet Rd, Koramangala 1A Block, Koramangala 3 Block, Koramangala, Bengaluru, Karnataka 560034

Description

Cashfree Payments is a payment and banking technology company, based out of Bangalore. As a complete payments platform, it helps 6,00,000+ 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.

History

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.

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Awards & Recognition

  • SutraHR top 100 startups to watch out
  • PayPal startup incubator
  • Y Combinator Alum

Recent stories

  • "Cashfree migrates over 1 million users to ICICI Bank’s UPI handles": LiveMint
  • "Cashfree is making life easier for online companies in India": TechinAsia
  • "Payments solution provider Cashfree releases ‘Instant Refunds’ feature for eCommerce businesses": YourStory
  • "COVID 19 impact | The Internet Economy in the pandemic era": Moneycontrol.com
  • "Cashfree Automates Recurring Payments For Businesses In The Subscription Economy ": Inc42
  • "Cashfree Adds Bank Partners For Real-Time Corporate Payouts ": Pymnts.com
  • "Cashfree introduces suite of payment solutions for Lenders and NBFCs to foster India’s lending ecosystem ": The Week