Krafton Inc. (CEO Chang-Han Kim) led the investment round of Indian fintech company ‘Cashfree Payments’.
Through this investment, Krafton plans to explore innovative solutions in the Indian gaming and digital industries together with Cashfree Payments. Cashfree Payments has raised a total of $53 million (approximately KRW 77.6 billion) in investment through this investment round.
Cashfree Payments is a leading fintech company in the Indian payments market, providing solutions to support corporate payment collection, payment processing, external payments, and one-click payments. Founded in 2015, it currently processes $80 billion in transactions annually and works with over 800,000 businesses. It is highly compatible with various e-commerce platforms and helps businesses start transacting within a day through a simple sign-up process.
“We are delighted to welcome Krafton as a strategic partner through this investment round,” said Akash Sinha, CEO of CashFree Payments. “We look forward to driving innovation in the Indian and global payments markets together with Krafton.”
“India’s fintech industry is growing rapidly, and we believe CashFree Payments has the potential to become an industry leader not only in India but also in the global market,” said Son Hyun-il, CEO of Krafton India. “This investment is part of Krafton’s ongoing efforts to support innovative payment solutions and foster a dynamic startup ecosystem.”
Meanwhile, Krafton has been seeking business expansion opportunities by investing in the growth of the digital ecosystem in emerging markets including India since 2021. To date, it has invested $170 million (KRW 247.5 billion) in India's promising startup ecosystem. It has made various investments ranging from e-sports companies, game streaming platforms, web novel platforms, audio content platforms, social platforms, and game developers, and through this investment, it has secured a partner in the fintech field.
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