CASHFREE
Razorpay set for confidential IPO filing; valuation may fall to around $5 billion
The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict.
One Of A Kind Startup Awards 2026: Finally, something for early-stage founders
India is teeming with early-stage startups, but very few awards are built for them. One Of A Kind, presented by Cashfree Payments and The Economic Times, is changing that.
Cashfree Payments appoints former Visa executive Sameer Gandhi as CFO
Cashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer, bringing over two decades of experience from global financial institutions. Gandhi's expertise will drive the company's financial strategy as it aims for accelerated growth and profitability. His addition comes after Cashfree Payments secured $53 million in a recent funding round.
Cashfree appoints ex-Visa finance head Sameer Gandhi as its new CFO
Bengaluru payments processor Cashfree has appointed Sameer Gandhi as its new Chief Financial Officer. Gandhi previously led finance at Visa India. He will now guide Cashfree's financial strategy and enhance commercial operations. This move supports the company's aim for accelerated growth and profitability in the coming quarters. Cashfree processes over $80 billion in transactions annually.
Fintechs clash in cross-border payments; TCS closes FY26 strong
Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech Morning Dispatch.
Cash-free Sweden backpedals on banknotes
Sweden is reversing its move towards a cashless society. Citizens are now advised to keep cash for emergencies. Grocery stores and pharmacies will be required to accept banknotes. This change comes as the nation strengthens its preparedness. Digital exclusion, especially among the elderly, is a key concern. Sweden is enhancing its civil defense measures.
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RBI slaps Rs 3.1 lakh penalty on Cashfree for non-compliance
The Reserve Bank of India has taken a firm stance against Cashfree Payments India Private Ltd. by imposing a Rs 3.1 lakh penalty. This decision follows a comprehensive statutory inspection that identified serious breaches of RBI regulations.
COWRKS leases 80,000 sq ft office space to Cashfree Payments at Bengaluru centre
COWRKS has leased 80,000 square feet of office space in Bengaluru to Cashfree Payments. This space will serve as Cashfree Payments' new corporate headquarters in Bellandur. COWRKS, part of Brookfield Properties, offers managed office solutions. This deal highlights the ongoing demand for office spaces in India's major cities. India's office demand reached an all-time high in the 2025 calendar year.
Gulf crisis clouds cross-border payments startups’ business outlook
About 10% of India’s ecommerce exports – estimated at around $150 billion annually – are routed through the UAE. Disruptions in key shipping routes, including the Strait of Hormuz, have impacted shipments transiting through the Gulf region.
Juice or just a crunch? Apple Pay is polishing its India plans
If Apple Pay succeeds in India, it'll mean that Apple has moved from being a premium device seller in India to a fully integrated ecosystem player manufacturing locally, selling through its own stores and embedding financial services into everyday life.
Xflow secures $16.6 million funding from PayPal, General Catalyst, other investors
Xflow has secured $16.6 million in a fresh funding round led by existing investor General Catalyst. PayPal has participated in the round as a new investor. Other existing investors — Lightspeed, Stripe, Moore Capital and Square Peg — have also participated.
Peak XV’s $1.3 billion fund; General Catalyst’s $5 billion India bet
Peak XV Partners has raised its first independent fund since its split from Sequoia Capital. This and more in today's ETtech Top 5.
Fintechs want to bank on agentic commerce
Fintech startups are gearing up for AI-powered commerce, linking digital payments with agentic platforms like ChatGPT and Claude. Payment firms including Razorpay, Cashfree, Visa, Mastercard and Pine Labs are building pipelines ahead of wide-scale adoption. Currently, end-to-end AI transactions aren’t allowed by the RBI, but companies are preparing for the future.
Razorpay picks Axis, Kotak, Citi, and JPMorgan to manage its IPO
Digital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as investment banks for its upcoming public listing. The company, valued at $7.5 billion, is reportedly aiming for an IPO towards the middle of this year. Razorpay recently completed a reverse-flip to India and competes with listed and soon-to-be-listed fintech players.
Cashfree appoints Piyush Anchliya from Bandhan AMC as new CFO
Anchliya will lead financial strategy, optimise operations and support the next phase of growth at the online payment processor. He replaces Vikas Guru, who led the finance function at Cashfree for almost four years.
South Korea's Krafton leads $53 million funding in India's Cashfree
Cashfree, an Indian digital payments company, raised $53 million in a funding round led by Krafton, with Apis Partners also participating. The funds will be used to enhance cross-border and security innovations, and expand internationally. Despite a downturn in overall digital payments funding in India, Cashfree's valuation stands at approximately $700 million.
Cashfree receives NPCI certification for its own UPI switch
Cashfree can offer settlement of around 12,000 transactions per second with this certification. Cashfree has built this switch in partnership with NSDL Payments Bank as the sponsor bank.
Cashfree appoints Nitin Pulyani as its head of product
In this new role, Pulyani will lead product innovation and develop strategic growth initiatives and build solutions that cater to the evolving needs of businesses both in India and globally.
Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO
Cashfree will also see another transition in its organisational structure with Arun Tikko, the chief business officer, being elevated to a bigger role to lead the international expansion of its business across new markets. Harsh Gupta will now focus on the company's market growth, revenue operation and market expansion in India.
Payments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 crore
Total expenses for Cashfree more than doubled to Rs 750 crore during the year, mainly on account of employee costs jumping to Rs 198 crore from Rs 96 crore in the previous fiscal.
Cashfree Payments launches India’s first self-hosted payments orchestration platform
Cashfree Payments has launched 'FlowWise', a payment orchestration platform for Indian businesses. It simplifies managing various payment systems into one setup, enabling instant payments to different partners based on specific requirements. This introduction aligns with Cashfree's aim to enhance products, expand, and attract more customers, stated the payments and API banking company.
Cashfree Payments acquires Zecpe in latest acquisition
The latest acquisition is expected to help Cashfree enhance its offerings for direct-to-consumer (D2C) brands as it looks to help businesses improve conversions through quick checkouts.
Online payments firm Cashfree lays off around 100 employees to reduce costs
Bangalore-based fintech startup Cashfree, backed by the likes of YCombinator and Apis Partners said the layoffs will impact around 6-8% of its employees.
Cashfree Payments to double employee strength in 2022
“The rise in e-commerce penetration and widespread digital payments adoption has given us the opportunity to scale significantly and invest in skilled and talented individuals who will drive innovation and build a seamless payments ecosystem," said Akash Sinha, CEO and co-founder, Cashfree Payments.
Cashfree appoints Ramkumar Venkatesan as SVP of engineering
Venkatesan has more than 24 years of experience in ad-tech, big data, e-commerce, and database technology in US and Indian markets. His most recent role was as CTO and VP of engineering at Jivox, where he led the growth of the engineering team and the acquisition of new customers through product innovation.
Cashfree brings on board veteran banker Arun Tikoo as SVP
Arun Tikoo brings with him to Cashfree over two decades of experience in senior leadership roles at lenders such as State Bank of India, Yes Bank, ICICI Bank and HDFC Bank.
State Bank of India invests in fintech startup Cashfree
The State Bank of India (SBI) investment fits perfectly with Cashfree’s growth strategy as it continues to focus on customer experience and product innovation, CEO Akash Sinha says.
Cashfree joins hands with PayPal to help SMEs sell across 200 markets
Businesses partnering with Cashfree can activate One Touch payments that would let their customers stay logged in and check out with a couple of clicks.
ePayLater partners with Cashfree to introduce pay later options for their merchants
This will bring ePayLater’s credit-based payment solution to almost all the merchants such as Daily Ninja, BigSmall, WheelStreet, EventsHigh, EduCart and Instaspaces using the Cashfree payment gateway.
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