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Cashfree

From EverybodyWiki Bios & Wiki
Cashfree
Type
Private
ISIN🆔
IndustryPayments
Founded 📆2015; 6 years ago (2015)
Founders 👔Reeju Datta & Akash Sinha
Headquarters 🏙️,
Bengaluru, Karnataka
,
Area served 🗺️
India
Products 📟 Payment Gateway, Payouts, Autocollect, UPI stack, Bank Account Verification, Marketplace Settlement, Cashgram, Subscriptions
Members
Number of employees
🌐 Websitewww.cashfree.com
📇 Address
📞 telephone

Cashfree is an Indian payments company, headquartered in Bangalore, India. It provides payment gateway and API Banking services to online businesses.[1][2][3]

History[edit]

Cashfree was founded in 2015 by IIT Kharagpur graduate Reeju Datta and IIIT Hyderabad graduate Akash Sinha. It was registered under the trading name Pasfar Technologies Private Ltd. In 2018, the company was renamed as Cashfree Payments India Private Limited.

Cashfree allows online businesses to accept and disburse payments through several payment modes like net banking, debit cards, credit cards, UPI and prepaid and postpaid digital wallets like Ola Money Postpaid.[4]

Cashfree was incubated by PayPal and was part of the summer batch of Y Combinator's startup program in 2017.[5] Cashfree was one of the top four startups selected by PayPal for PayPal Start Tank Incubator Programme 2015.[6] Cashfree raised a total of $5.5 million in Series A funding led by South Korean venture capital firm Smilegate Investments and with participation from Y Combinator, Cabra VC, 9Yards Capital, Musha Ventures.[7][8]

Cashfree integrated with popular eCommerce platforms including Shopify,[9] Magento[10] and Wordpress.[11]

Cashfree has also integrated with payment platforms like Amazon Pay,[12] PhonePe, Ola Money Postpaid, ePayLater and LazyPay to offer wide choice of payment modes and Pay Later feature to the consumers.[13][14]

References[edit]

  1. "Cashing in: 7 payment gateways for small businesses". The Economic Times. 4 May 2019.
  2. Law, Abhishek. "With its instant payment solution, Cashfree will tap e-commerce players". @businessline.
  3. https://www.asianage.com/technology/in-other-news/060919/a-payment-gateway-that-allows-instant-refunds.html. Missing or empty |title= (help)
  4. "Cashfree partners Ola Money to launch Pay Later feature - ETtech". ETtech.com.
  5. "Y Combinator Company List". yclist.com.
  6. "PayPal Selects Four FinTech Startups For Start Tank India Incubator Programme". Inc42 Media. 3 November 2015.
  7. "All 50 startups from Y Combinator's Summer 2017 Demo Day 1". TechCrunch.
  8. "Paypal-backed Cashfree raises $5.5 m from investors". Zee Business. 9 April 2019.
  9. "Payment Gateway India - Simple Credit Card Processing Setup". Shopify.
  10. "Cashfree Payment Gateway". marketplace.magento.com.
  11. Bhakta, Pratik (20 October 2017). "Bengaluru-based Cashfree banks on bulk transfers". The Economic Times.
  12. "Amazon Pay Cashfree offer T&C: November @ Amazon.in". www.amazon.in.
  13. "PhonePe inks deal, rolls out various offers; this is how you benefit". Zee Business. 22 January 2019.
  14. Bhakta, Pratik (18 December 2018). "ePayLater partners with Cashfree to introduce pay later options for their merchants". The Economic Times.

External links[edit]


Category:Payment systems Category:Companies based in Bangalore Category:Indian companies established in 2015


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