Bengaluru-based fintech company Cashfree Tuesday said it has secured USD 5.5 million (over 38 crore) in funding led by South Korea’s Smilegate Investment with participation from existing investor Y Combinator. The Series A funding also saw participation from investors such as George Osborne (former finance minister of the UK) and Vellayan Subbiah (former MD of Cholamandalam Investment), a statement said… Launched in 2015 as a payment gateway by Akash Sinha and Reeju Datta, Cashfree decided to build a dedicated bulk payouts solution for businesses operating in India in mid-2016. — Business Standard

PDS Legal advised Cashfree Inc on the Indian leg of the deal led by a team of director Anirudh Mukherjee, principal associate Deepti Thakkar, senior associate Ankit Rustagi and associate Yash Tripathi.

2019-04-09

Deal value: US$ 5.5 Million

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