Cashfree, an Indian payments startup that facilitates and processes over $80 billion for its customers each year, has raised $53 million in a new round of funding. The funding, led by Krafton, the maker of popular gaming titles such as PUBG and BGMI, will help the startup deepen its presence in international markets.<\/p>\n
The funding values Cashfree at $700 million, according to a source familiar with the terms. The unusual deal, where a gaming company invests in a payments startup, is seen as a strategic partnership by both firms. Akash Sinha, co-founder and CEO of Cashfree, stated that Krafton sees a sizable market opportunity alongside e-commerce, travel, and other financial services.<\/p>\n
Cashfree has found a reliable payments partner in Krafton, which will also benefit from the startup’s growing portfolio of startups in the country. Discussions are underway to process payments for games like BGMI, and a partnership is expected soon. The startup is particularly focused on expanding in the UAE and other Middle Eastern markets, where it aims to be a leader.<\/p>\n
Cashfree serves over 800,000 businesses, including prominent names such as Swiggy, Zepto, and Bajaj Finance. The startup offers a wide range of solutions and works with over 100 payment options. It has seen merchant sign-ups surge 130% in the current fiscal year.<\/p>\n
Cashfree’s technology stack allows businesses to process up to 12,000 transactions per second during peak demand. The startup has also developed SecureID, an identity verification system that has performed over a billion verifications to date, helping businesses combat fraud while reducing customer drop-offs during onboarding.<\/p>\n
Cashfree is one of the first companies to receive authorization from India’s central bank to operate as a payment aggregator for both domestic and international transactions. The startup, which was incubated by PayPal, counts Y Combinator and State Bank of India among its earlier backers.<\/p>\n
For Krafton, the investment aligns with its broader strategy in India, where it has invested nearly $200 million across several startups. The partnership with Cashfree is seen as a key component of Krafton’s growth strategy in the country.<\/p>\n
Cashfree’s founders stumbled into the payments business by accident. In 2015, Akash Sinha and Reeju Datta started with a basic service: helping Bangalore restaurant delivery workers collect cash from customers. Neither had worked in payments before. But when their restaurant clients asked for online payment options, they spotted a bigger opportunity.<\/p>\n
Early investors weren’t convinced. Many doubted a payment processing startup could scale quickly enough to matter. Y Combinator’s acceptance changed that trajectory, even though the founders had missed application deadlines and couldn’t make it to the batch on time.<\/p>\n
The startup has recently secured two additional licenses, including one for cross-border transactions, and has gone live with several international customers. Cashfree’s technology stack and SecureID system have helped the startup achieve significant milestones, including over a billion verifications to date.<\/p>\n
With the new funding, Cashfree is poised to expand its presence in international markets and deepen its relationships with businesses in the region. The partnership with Krafton is seen as a key component of the startup’s growth strategy, and its technology stack and SecureID system are expected to play a major role in its success.<\/p>\n\n Cashfree Raises $53 Million in Funding to Expand International Presence A Payments Startup with a Billion-Dollar Valuation Cashfree, an Indian payments startup that facilitates and processes over $80 billion for…<\/p>\n","protected":false},"author":0,"featured_media":3376,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[810,208,811],"class_list":["post-3375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-cashfree","tag-india","tag-krafton"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/02\/cashfree-official.jpg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/3375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=3375"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/3375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/3376"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=3375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=3375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=3375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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