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PDS cashes out in $5.5m Cashfree Series A from Smilegate, Y Combi, George Osborne

Bengaluru-based fintech company Cashfree Tuesday said it has secured USD 5.5 million (over 38 crore) in funding led by South Korea’s Smilegate Investment with participation from existing investor Y Combinator. The Series A funding also saw participation from investors such as George Osborne (former finance minister of the UK) and Vellayan Subbiah (former MD of Cholamandalam Investment), a statement said... Launched in 2015 as a payment gateway by Akash Sinha and Reeju Datta, Cashfree decided to build a dedicated bulk payouts solution for businesses operating in India in mid-2016.
Business Standard

PDS Legal advised Cashfree Inc on the Indian leg of the deal led by a team of director Anirudh Mukherjee, principal associate Deepti Thakkar, senior associate Ankit Rustagi and associate Yash Tripathi.


Deal value: US$ 5.5 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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