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Cashfree

Provider
PSP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 1 category.

cashfree.com ↗Also analysed as a company — its own stack →
CategoriesPSP
Rank#131 of 528 in PSP
Buyers3 companies
HeadquartersBengaluru, Karnataka, India
Founded2015
Raised~$100M

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Founders & story · from Cashfree’s own dossier

Founded in 2015 as a payments collection gateway for Indian businesses (incubated by PayPal, backed by Y Combinator), Cashfree expanded beyond acquiring into a full-stack embedded finance platform — adding Payouts (instant disbursals), Banking-as-a-Service (Accounts API), Card Issuance, Embedded Lending, Cross-Border Payments (PA-CB), and SecureID/KYC verification. The 2024 PA-CB and PPI licenses position Cashfree as one of India's most broadly licensed non-bank fintech infrastructure providers, and the 2025 KRAFTON-led round signals a push into international markets.

Latest round: Series C, February 2025
Recent developments
  • 2025-02Raised $53M Series C led by KRAFTON at $700M valuation. source ↗
  • 2024-12Onboarded 100,000+ new customers in 2024; secured PA-CB license. source ↗
Full dossier: Cashfree’s own stack, layer by layer →
Who uses Cashfree
3 companies disclose Cashfree in their stack
JuspayHROneOkCredit
Buyer mix · 3 of 3 classified
Infrastructure / Payments · 1Vertical SaaS / HR & Payroll · 1Vertical SaaS / SMB Bookkeeping · 1
APAC · 3
What the disclosures say
Juspay
“juspay.in homepage describes dynamic routing across PSPs; docs.juspay.in/split-settlements lists supported PA/PG: Razorpay, PayU, Paytm, Easebuzz, Gocashfree, Simpl, CCAVENUE, TPSL; Hyperswitch docs reference Stripe as a connector”
HROne
“interview.hrone.cloud privacy policy: 'Cashfree Payments India Pvt.”
OkCredit
“okcredit.in/third-party-partners lists Razorpay and Cashfree under 'Payment Aggregators/Gateways'.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Cashfree? Claim this profile above to unlock your own full list.
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What Cashfree runs on · from its own dossier
The third-party providers Cashfree itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Cashfree.
PSP
PayPal
BaaS
Cashfree Accounts API
FX / Payouts
Cashfree Cross-BorderPayPal
Open Banking
Cashfree Account Aggregator
Full dossier with evidence for each layer →
Alternatives to Cashfree

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe782 buyers →Adyen317 buyers →PayPal153 buyers →checkout.com114 buyers →worldpay88 buyers →Mollie63 buyers →Braintree57 buyers →Pix50 buyers →
Share this rank

An embeddable badge for Cashfree’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #131 of 528 in PSP — Embedded Finance Index 2026
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Cashfree — frequently asked

Which companies use Cashfree?

3 companies are linked to Cashfree in the Embedded Finance Index 2026, through their own public disclosures or Cashfree's published customer list, including Juspay, HROne and OkCredit.

What does Cashfree do?

Cashfree is an embedded-finance provider in PSP. It ranks #131 of 528 PSP providers by linked companies.

What are the alternatives to Cashfree?

The most-named PSP alternatives to Cashfree are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), checkout.com (114 buyers), worldpay (88 buyers) and Mollie (63 buyers).

Where is Cashfree headquartered?

Cashfree is founded in 2015 and headquartered in Bengaluru, Karnataka, India.

How much funding has Cashfree raised?

Cashfree has raised ~$100M in total.

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