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Results · Financial Services

Cashfree Payments reports strong revenue growth in FY26

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Cashfree Payments logo
Date
Company
Cashfree Payments
What it does
Payment infrastructure and financial services provider
Kind
Results
Stage
growth
Based in
Bengaluru
Founded
2015
Sector
Financial Services

What they do

Cashfree provides payment infrastructure including online collections, payouts, fraud detection, and identity verification services for over a million…

What happened

The company reported FY26 operating revenue of Rs 967 Cr, a 51% increase, while narrowing its annual losses to Rs 119 Cr

Why it matters

The firm holds all three major RBI payment licences and recently launched AI-driven agentic payment solutions for automated business operations

The details

  • Cashfree Payments achieved Rs 967 Cr in operating revenue for FY26, marking a 51% growth over the previous year.
  • The company successfully narrowed its net losses by 23% to Rs 119 Cr during the same period.
  • Payment gateway commissions for the year rose by 85% to reach Rs 890 Cr.
  • The firm now holds all three critical RBI payment licences, including PA-PG, PA-CB, and PPI.
  • Cashfree appointed Sameer Gandhi as its new Chief Financial Officer to oversee financial operations.
  • The company announced a promotional offer providing zero payment gateway fees for new businesses until March 2027.

The bigger picture

  • The company processes over $80 billion in annual payment volume across its diverse product suite.
  • It serves more than one million businesses across various sectors in the Indian market.
  • The firm maintains a high processing capacity of up to 12,000 transactions per second.

About the business

  • Cashfree offers a comprehensive payment gateway supporting over 180 payment methods.
  • Its RiskShield product provides real-time fraud screening to reduce chargebacks by up to 60%.
  • The SecureID service enables automated identity verification for bank accounts, documents, and faces.
  • Cashfree Here allows for in-chat payments within AI platforms like ChatGPT and Claude.
  • The company provides Instant Settlements, allowing businesses to receive sales proceeds in minutes rather than days.
  • Checkout360 offers one-click checkout experiences specifically designed for Shopify brands.
  • The International Payment Gateway allows businesses to collect payments from 170+ markets in over 140 currencies.

What happens next

  • The company plans to waive payment gateway fees for new merchants until March 2027.

The deal

Type
results

Investors

  • Y Combinator (existing) — Global startup accelerator and early-stage investor.
  • Krafton (lead) — Gaming and technology investment firm.
  • State Bank of India (existing) — India's largest public sector bank.

Founders

  • Akash Sinha, Co-founder
  • Reeju Datta, Co-founder

About Cashfree Payments

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.

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