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Krafton leads Cashfree’s $53M funding at $700M valuation
Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new
Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets. Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C financing round alongside existing investor Apis Growth Fund, the two said Wednesday. The Bangalore-based startup, which serves more than 800,000 businesses including prominent names such as Swiggy, Zepto, and Bajaj Finance, has seen merchant sign-ups surge 130% in the current fiscal year.
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