Cashfree raises $35.3M Series B investment led by Apis Growth Fund II

Fintech startup Cashfree raised $35.3 mn in Series B led by global financial services investor, Apis Growth Fund II, where existing investors Y Combinator & Smilegate also participated

Cashfree processes online payments for several Indian businesses, a 2017 Y Combinator alumnus, Cashfree added that it has processed over $12 billion annualized payments as of March 2020.

Claims that it has been profitable since its first year of operations, with more than 50,000 businesses amongst its merchants like Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, Delhivery & others.