• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Cashfree Secures $5.5 Mn in Series A round

by Udit
April 9, 2019
in News, Startups
Reading Time: 1 min read
0
Cashfree Secures $5.5 Mn in Series A round
TwitterWhatsappLinkedin

Cashfree, which is a Payment Gateway startup is now planning to expand its team and distribution of its API baking platform with the funding it has secured in the Series A round of funding.

You might also like

Tesla Shifts Gears: India’s First Tesla Showrooms Open in Mumbai and Delhi

Rohit Vishwakarma Joins NDTV India as Managing Editor

Apple Eyes AI Startup Perplexity in Acquisition Discussions

The company revealed today in a report that South Korea based Venture Capital firm Smilegate Investments has led the investment round of $5.5 Million.

The existing investors also participated in the round. These included the Silicon Valley-based accelerator Y combinatory, Vellayan Subbiah.

Cashfree API banking solution, Payouts, let the businesses send money round the clock and also instantly to bank accounts, Unified Payment Interface handles and cards which is integrated with their product.

“Our API banking platform connects any organization’s software product or ERP [Enterprise Resource Planning platform] to the banking system for automated transactions,” said Akash Sinha, co-founder, and chief executive officer of Cashfree.

The company claimed that it has been growing 25% of every month for the last 12 months. “With the new round of funding we will expand our product team and build for new use cases faster,” Sinha added.

Cashfree was founded by the Sinha and Reeju Datta in 2015. It also started as a banking and payments technology company. After a year of operations, the company decided to build a dedicated bulk payouts solution for the businesses operating in India, according to the report.

Cashfree payment gateway support for the instant refunds, a split payment solution for marketplaces, Auto collect, and Account verification API.

Picture Credits: Cashfree

Tags: fundingInvestmentstartup
Tweet54SendShare15
Previous Post

SigTuple Raises $16 M In the Series C funding From Accel and others

Next Post

Clean Energy Firm Avaada Energy raises ₹1000 crore funding

Udit

Recommended For You

Tesla Shifts Gears: India’s First Tesla Showrooms Open in Mumbai and Delhi

by Ishaan Negi
June 23, 2025
0
Report suggests Musk cancelled India trip to secure fully self-driving car technology deal in China

After years of speculation and stalled negotiations, Tesla is finally entering the Indian market. In this article, we’ll explore how Tesla plans to make its mark in one...

Read more

Rohit Vishwakarma Joins NDTV India as Managing Editor

by Ishaan Negi
June 23, 2025
0
Rohit Vishwakarma Joins NDTV India as Managing Editor

Appointing Rohit Vishwakarma as its new Managing Editor is a calculated move by NDTV India that demonstrates its dedication to digital transformation and reliable journalism. Vishwakarma has more...

Read more

Apple Eyes AI Startup Perplexity in Acquisition Discussions

by Sneha Singh
June 23, 2025
0
Apple Eyes AI Startup Perplexity in Acquisition Discussions

Apple executives are quietly exploring the possibility of acquiring artificial intelligence startup Perplexity AI, according to sources familiar with the matter. The tech giant's interest stems from its...

Read more
Next Post
Avaada Energy

Clean Energy Firm Avaada Energy raises ₹1000 crore funding

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?