Krafton CashFree’s $ 53 million causes $ 700 million worth of financing

Casheree won $ 53 million in a new state tour to deepen and processes and processing customers for more than $ 80 billion every year.

Sleeping titles like Krafton, Pubg and BGMI, LED Cashee’s Cashree’s C financing phase, Cashfree’s Central Cashfion tour next to the existing investor APIS growth fund, Wednesday. According to a source of regret, the financing is worth $ 700 million.

This is an unusual contract – a game company A payment startup – However, the two companies see the strategic value of the partnership. In Cashfree, Krafton will investigate the beginning portfolio of both itself and the country in both itself and the transition to the victims of the Bengaluru firm in the future.

Sean Hyunil Sohn, who led Krafton’s Indian business, said that the giant bets in Russia’s developing media and entertainment sector, it was very important to increase the user experience of healthy payment systems.

Bangalore-based starting, which serves more than 800,000 facilities, including prominent names such as Swiggy, Zepto and Bajaj Finance, saw the increase in traditional registration in the existing fiscal year increased by 130%. The beginning is aimed at expanding in the UAE and other Middle Eastern markets, especially in the UAE and other Middle Eastern markets.

Cashfree’s founders stumbled to payments by accident. In 2015, Akash Sinha and Reeju Datta began with a main service: Delivery workers in Bangalore restaurant helps collect money from customers. Were previously worked in payments. However, when the restaurant customers want online payment options, they had a bigger opportunity.

Early investors did not believe. Many suspects can scale quickly enough for the starting starting item. Y Combinator’s acceptance changed the trajectory, despite the fact that the founders were unable to abduct the application process and in a timely manner. Eight years later, the cash register is $ 80 billion for free for 800,000 enterprises.

Cashfree’s technology stacks allows for up to 12,000 transactions per second in the summit in the summit. The beginning also developed an identity inspection system that implements more than one billion one billion a billion from a billion to help the client fight fraud during the Thable Thable Thabled.

CashFree is one of the first companies to operate from the Central Bank of India as a payment aggregator for both internal and international transactions. The incubated start by PayPal counts the bank of the Yboynator and India among the previous support.

To watch more.