Cashfree Payments is a payments and banking technology company that enables businesses in India to collect payments online and make payouts.
Cashfree Payments empowers more than 1,00,000 businesses with payment collections, vendor disbursements, payroll disbursements, instant credit disbursements, e-commerce refunds, insurance claims processing, expense reimbursements, loyalty, and premium payments.
According to their statement, the company processes approximately $40 billion in payments from over 1.5 million customers annually.
The company was founded in 2015 by Reeju Datta (Linkedin) and Akash Sinha (Linkedin).
Cashfree Payments is backed by SBI, Y Combinator, and Apis partners and was incubated by PayPal.
Cashfree Payments is regulated by the RBI (Reserve Bank of India) for cross-border payments products.
As we could not find any major irregularities around the company except for some complaints about insufficient customer support, we still classify Cashfree payments in our “Green Compliance” list.