Cashfree Payments provides a scalable payments platform that enables businesses to collect payments, make payouts, and manage international transactions through customizable APIs. The platform addresses the complexities of payment processing by offering features like instant refunds and automated recurring payments, serving over 600,000 businesses in India.
Funding
$40.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
APSISBTCFounders
Product
Problem
Many businesses in India face challenges in efficiently collecting payments, disbursing payouts, and managing international transactions due to complex payment processing requirements and fragmented infrastructure. Existing solutions often lack customization options and developer-friendly APIs, hindering seamless integration with business workflows.
Solution
Cashfree Payments provides a comprehensive and scalable payments platform designed to streamline payment operations for businesses in India. The platform offers a suite of customizable APIs and no-code solutions for collecting payments across multiple channels, automating recurring payments, and disbursing payouts to various destinations, including bank accounts, UPI IDs, and wallets. Cashfree Payments also simplifies international transactions by enabling businesses to accept and send payments in multiple currencies. The platform's robust infrastructure ensures high uptime and success rates, while its developer-friendly tools facilitate rapid integration and customization.
Target Audience
The primary target audience includes e-commerce businesses, marketplaces, lending platforms, educational institutions, and other businesses in India that require a comprehensive payment solution to manage online payments, payouts, and international transactions.
Features
- Payment Gateway: Collect online payments on websites or apps across multiple channels.
- Payment Links: Share payment links to collect payments without a website or app.
- Auto Collect: Automate payment collection from customers.
- Easy Split: Split payments between multiple parties.
- softPOS: Accept payments using a smartphone.
- Subscriptions: Automate recurring payments with features like UPI AutoPay and eNach.
- Payouts: Disburse payments to bank accounts, UPI IDs, and wallets instantly.
- Cashgram: Send money via a link that the recipient can claim.
- Bank Account Verification: Verify bank account details for accurate payouts.
- PAN Verification: Verify PAN details for KYC compliance.
- Aadhaar Verification: Verify Aadhaar details for KYC compliance.
- GSTIN Verification: Verify GSTIN details for business compliance.
- IFSC Verification: Verify IFSC codes for accurate bank transfers.
- International Payment Gateway: Accept international payments in multiple currencies.
- Global Collections: Collect payments from customers worldwide.
- Global Payouts: Send payments to recipients worldwide.
- Outward Remittance: Send money abroad for various purposes.