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Venture Capital

Cashfree Secures USD 5.5 Mn Funding Led By Smilegate Investment | Business Standard News

by business-standard.com posted 4months ago 13 views
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. Cashfree had earlier raised from Y Combinator and other investors in 2017. The funds will be utilised for expanding the team and distribution of the company's API banking platform payouts, the statement added.

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