Other Private Equity/Strategic Investments
Digital payments tech co Cashfree raises funding from SBI
Bengaluru-based Cashfree, a digital payments and banking technology company, has received funding from State Bank of India (SBI). Cashfree provides a full-stack payments solutions platform and claims to have enabled over 100,000 businesses in India and eight other countries, including the US, Canada and the UAE, to accept and disburse payment online through a single integration. It claims to process transactions worth USD 20 billion annually. Incubated by payments player PayPal, Cashfree is backed by Apis Partners, Smilegate and Y Combinator. It claims Zomato, Cred, Nykaa, Delhivery, Acko and Shell among its clients.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
