PE Fund Investments
Fintech co. Cashfree raises $53-M led by Korea’s Krafton, Apis Growth Fund
Bengaluru-based payment disbursal platform Cashfree Payments has raised USD 53 million in a funding round led by Korean digital entertainment company Krafton and existing investor Apis Growth Fund II, a private equity fund managed by Apis Partners Group (UK).The fresh funding would accelerate the firm’s payments offering and boost market outreach.The company claims to process transactions worth USD 80 Billion annually. It has a base of 800,000 merchants, including internet startups and enterprises. In India, Cashfree works with brands such as Swiggy, redBus, Zepto, BigBasket, Bajaj Finance, among others. The company is expanding its presence in the UAE.
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