Cashfree Payments

Cashfree Payments is a leading Indian payments and API banking company, founded in 2015 and headquartered in Bengaluru. It provides full-stack payment solutions for businesses in India to accept payments and make payouts via 180+ payment modes with a simple integration. Over 600,000 businesses use Cashfree Payments for payment collections, vendor payouts, salary payouts, bulk refunds, expense reimbursements, and loyalty and rewards.

Business Model and Revenue Model

Cashfree is a full-stack payments solution that helps Indian businesses accept and send money and is used by 3,00,000+ businesses for vendor payouts, wage payouts, bulk refunds, etc. The company makes a fee of anywhere between 1.75% and 3% of the value of the transaction as of year 2020.

Product/Service

Cashfree has built a comprehensive payment toolkit for small to large businesses in India. It has launched various products and solutions with six first-of-its-kind fintech innovations including Payouts, Instant Refunds, Cashgram, Pre-Authorization, Subscriptions, and Instant Settlements. Their products and solutions are aimed at making online payments easier and elevating customer experience through innovation and higher transaction success rates. The company’s products include a payment gateway, payout processing, marketplace settlements, Cashgram, Subscriptions, bank account verification, UPI Stack, Instant Refunds, Global Payouts, and auto-collection via virtual bank accounts.

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