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Cashfree targets Rs 1,000 crore revenue in FY25, with 25% from non-payment products.
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The company is expanding beyond payments with new products like RiskShield, Flow Wise, and KYC Link.
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Cashfree is also venturing into cross-border payments and regulatory technology (RegTech) space.
Cashfree, an online payments processor and aggregator, is aiming to reach a revenue milestone of Rs 1,000 crore in the financial year ending March 2025. The company is focused on diversifying its revenue streams by launching new products and upgrading existing offerings. Currently, 25% of its revenue comes from non-payment products, and it aims to increase this to 30-35% in the future.
Cashfree has been working on expanding its product lineup, including RiskShield, a risk management solution, and Flow Wise, a payment orchestration platform. The company has also ventured into cross-border payments and regulatory technology (RegTech) space with products like KYC Link, a digital identity verification solution. These new products are expected to enhance Cashfree’s competitiveness in the fintech sector.
The company is also planning to raise additional funds from external investors to support its growth plans. Cashfree had raised funds in June 2021 from SBI at a post-money valuation of $200 million and has raised over $44 million to date. With the recent lifting of the RBI embargo, Cashfree is poised for growth and is focused on returning to profitability by the first quarter of FY25.
