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
2019-04-09
Deal value: US$ 5.5 Million
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