India's Cashfree raises $5.5M from Korea's Smilegate, Y Combinator and others

Indias Cashfree raises $5.5M from Koreas Smilegate, Y Combinator and others

  • The deal is led by Smilegate Investment - the fund affiliated with Korean games firm Smilegate - with participation from Y Combinator, the U.S. accelerator program that Cashfree graduated from in 2017.
  • The startup previously raised an undisclosed seed round from investors that include former UK Finance Minister George Osborne, and Vellayan Subbiah, who was previously managing director of Cholamandalam Investment, both of whom joined this new round.
  • Those customers include recognizable names like Xiaomi, Tencent, Zomato, Cred, Club Factory, ExxonMobil and Dunzo, the concierge service backed by Google.
  • Cashfree helps its customers to connect their corporate banking services via a single interface.

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