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Cashfree Payments Reviews

Bengaluru, Karnataka

5.0/ 5

1 review

Cashfree Payments is a prominent financial technology company headquartered in Bengaluru, Karnataka, India. Founded in 2015 by IIT graduates Akash Sinha and Reeju Datta, the company operates as a major provider of full-stack payment gateways, API banking solutions, and identity verification services. Initially established to address the operational challenges of cash-on-delivery (CoD) transactions for the fast-growing e-commerce sector, the enterprise successfully pivoted in 2016 to deliver high-scale, infrastructure-led payment solutions designed for digital businesses. The platform is recognized as a market leader in India's payment disbursal landscape, holding over a 50 percent market share in the sector. Cashfree Payments serves more than one million merchants globally, processing over 300 million monthly transactions and handling an estimated annual transaction volume of $80 billion. Its highly scalable technology architecture is built to process peak demands of up to 12,000 transactions per second. The company's diverse client roster includes prominent digital and internet-first companies such as Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery. The core service offerings of Cashfree Payments include: - Payment Gateway: Provides over 100 payment methods—including UPI, credit/debit cards, net banking, wallets, and Buy Now Pay Later (BNPL) options—with plug-and-play integrations for platforms like Shopify, WooCommerce, and Wix. - Payouts: An API-first bulk disbursal platform allowing businesses to make instant, 24/7 transfers to bank accounts, UPI IDs, cards, and digital wallets for vendor payments, refunds, and payroll. - International Payments: Enables merchants to accept global payments in over 140 currencies, facilitating streamlined cross-border suites across 40 countries. - SecureID: An advanced, machine-learning-driven identity verification stack that automates customer onboarding, KYC compliance, Aadhaar-based video verification, and digital fraud monitoring.Financially, Cashfree Payments operates as an unlisted private limited company under the legal entity name Cashfree Payments India Private Limited. The business has raised approximately $100 million to $116 million in venture funding across multiple rounds. Its institutional investor syndicate features prominent global and domestic backers, including Y Combinator, Apis Partners, State Bank of India (SBI), PayPal, and PhonePe. Led by Co-Founder & CEO Akash Sinha alongside Co-Founder Reeju Datta, the company achieved an annual operating revenue touching close to INR 1,000 crore in the fiscal year ending March 31, 2026. Cashfree Payments continues to focus on global expansion, particularly across the Middle East through strategic partnerships, while advancing toward structural profitability and a planned initial public offering (IPO).