- Briefing Your roundup of Asian tech and startup news that matter
Deepti Sri · · 1 min readIndian fintech startup Cashfree lands undisclosed sum from country’s largest lender
Cashfree, a fintech startup based in India, has raised an undisclosed sum in its latest round of funding.
More funding details
- Lead investor: State Bank of India (SBI)
- Stage: Unspecified
More company updates
- The investment from SBI, India’s largest lender, comes as both the companies look to develop digital payment products in the country.
- Founded in 2015, Cashfree processes online payments for thousands of Indian businesses. The startup, which graduated from US-based accelerator Y Combinator in 2017, claims to process over transactions worth US$20 billion annually.
- Cashfree’s platform enables over 100,000 businesses to accept and disburse payments online. In addition to India, Cashfree has a presence in eight other countries including Canada, the US, and the United Arab Emirates.
- Incubated by payments pioneer PayPal, Cashfree is backed by Apis Partners, Smilegate, and Y Combinator. The platform is used by businesses such as Zomato, Cred, Nykaa, Delhivery, Acko, and Shell, among others.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Editing by Miguel Cordon and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
