People · Financial Services

Cashfree appoints Sameer Gandhi as CFO

By Startup Enthusiast · 13 April 2026

What they do

Cashfree Payments offers payment gateways, payouts, and banking APIs to over 1 million businesses

It has appointed Sameer Gandhi, ex-Visa finance head, as CFO to lead financial strategy and profitability

The company's FY25 net loss widened 14% to ₹154.1 Cr while revenue stayed flat at about ₹640 Cr

Cashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer (CFO).
Sameer Gandhi is a chartered accountant with over 25 years of experience.
He previously served as finance head at Visa since 2017, and held roles at Vodafone, Citigroup, and CRISIL.
He will anchor financial strategy, enhance financial operations efficiency, and drive revenue planning and growth.
The company aims to accelerate growth and achieve profitability under his leadership.
Current CFO Vikas Guru will support the transition; his last working day is not yet determined.

Cashfree's FY25 net loss widened 14% to ₹154.1 Cr from ₹135 Cr in FY24.
Revenue remained flat at about ₹640 Cr in FY25.
EBITDA loss increased to ₹131 Cr from ₹109.5 Cr, with margin slipping to -20% from -17%.
The company secured all three RBI licences: PA, PA-CB, and PPI.
It was penalised by RBI for flouting payment aggregator norms during an inspection period.

It processes over $80 billion in annual transactions and serves more than 1 million businesses.
Clients include Zomato, CRED, and Delhivery.

Sameer Gandhi will focus on financial strategy, revenue planning, and achieving profitability.
The company aims to accelerate growth under his leadership.

Product: Digital payment solutions including payment gateway, cross-border payments, payout solutions, and banking APIs.
Customers: Businesses and merchants, including enterprise and SMB customers.
How it makes money: Charges fees on payment processing and related financial infrastructure services.
What sets it apart: Offers a broad payments stack plus cross-border capabilities across many countries.
Operations: Processes payments at scale for merchants across India and international markets.