by Y Combinator10/25/2017
Cashfree is India’s first payment gateway that automates inbound and outbound bank transfers. This replaces the slow, error prone alternative of uploading Excel files for bulk payments or manually reconciling payments received via bank transfers. Using Cashfree, payments that take 2-3 days to process happen instantly, independent of banking hours.
Cashfree helps businesses like fintech platforms and marketplaces to easily setup custom payment flows to receive and disburse money.
Cashfree is being used for crowdfunding campaign settlements; supply chain collections by distributors; marketplace vendor settlements; instant deposits and withdrawals at bitcoin exchanges; payroll for on-demand economy workers; loan disbursal and repayment by lenders; modern ERP and accounting tools for invoice payments; instant refunds at payment gateways, versus 5-7 days presently.
You can learn more on:
Economic Times: Bengaluru based Cashfree banks on bulk transfers
Yourstory: Graduating from Y Combinator, how Cashfree is gearing up to reach Rs 200cr in transaction value
Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200). The startups move to Silicon