Y Combinator-backed Cashfree eyes global markets, fintech acquisition

It is expecting international revenue to make up 30 per cent of its total revenue in the next three years

When the pandemic struck, intracity logistics platform Porter was looking at a payments solution partner for its riders. It came across full stack payments solutions start-up Cashfree for instant payments via API to its driver-partners.
 
Dukaan also partnered Cashfree to enable digital customer payment collections and disbursals for merchants to set up digital stores.
 
Y Combinator-backed Cashfree, which has so far doubled its user base since the pandemic hit and has over 100,000 merchants making over 2 million transactions daily on the platform, is now eyeing international markets for its unique products, such as instant refunds and disbursements.