Cashfree Payments secures $53M funding, aiming to expand despite India's fintech investment slump.

Cashfree Payments, an Indian digital payments company, has secured $53 million in funding led by South Korean firm Krafton. The investment values Cashfree at $700 million. Cashfree processes over $80 billion annually for 800,000 businesses, with plans to expand further in the Middle East. Despite a drop in fintech investments in India, the company aims to boost its cross-border transactions and domestic payments.

2 months ago
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