What does Cashfree do?

Cashfree Payments is a fintech company based in Bengaluru, founded in 2015 by IIT graduates Reeju Datta and Akash Sinha. The company specializes in API-first payment and banking solutions, allowing businesses to collect and disburse payments efficiently across India and internationally. Cashfree processes over $80 billion in annual transactions for more than 800,000 businesses, holding a significant market share in payment disbursals in India. The company offers a comprehensive payments platform with features such as payment collections through over 100 methods, instant payouts, cross-border transactions, and API banking services. Cashfree supports various use cases, including vendor payouts, e-commerce refunds, and subscription payments. With a focus on compliance and speed, Cashfree has pioneered innovations in the payments space, including 24/7 API banking and fraud prevention solutions. The company aims for substantial growth in the coming years, targeting a revenue of Rs 3,000 crore within 3-4 years.