Cashfree Payments in talks to raise $100-M at $700-M valuation

Bengaluru-based fintech firm Cashfree is in talks to raise USD 80-100 million through a mix of fresh funding and secondary share purchases. The proposed transaction is expected to be completed at the company’s previous valuation of approximately USD 700 million.Existing investor Krafton Inc. is expected to increase its stake in the firm as part of this round, while Apis Partners Ltd is looking to exit most of its holding as its investment vehicle nears the end of its lifecycle.Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree operates as a payment aggregator and offers a range of services, including bulk payouts, payment links, and identity verification tools.