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Indian fintech firm Cashfree secures $53m led by Krafton
Cashfree Payments has secured 450 crore rupees (US$53 million) in a funding round led by Krafton, a Korean entertainment company, and the Apis Growth Fund II, managed by UK-based Apis Partners.
The funding will support the company’s expansion of payment solutions and market reach.
Cashfree facilitates online payment collection and payouts for businesses.
It collaborates with platforms such as Shopify, Wix, and WooCommerce.
The company processes up to 12,000 transactions per second during peak periods.
It also offers tools like Embedded Payments and Secure ID, which is designed to reduce fraud.
Recent Cashfree developments
| Timeline |
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06-Jul-2023 💰 In 50 Words: Cashfree mulls sale amid funding shortfall, Pine Labs potential buyer
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12-Jan-2023 📉 YC-backed Cashfree Payments sheds up to 80 employees
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30-Nov-2021 💰 YC-backed Cashfree pours $15m into Telr for majority stake
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07-Jun-2021 💰 Indian fintech startup Cashfree lands undisclosed sum from country’s largest lender
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