Cashfree Payments Targets Over $100 Million Funding Round in FY27

Cashfree Payments is planning to raise more than $100 million in FY27 as the fintech firm prepares for expansion in overseas markets and wider use of artificial intelligence in its payments business, as per news reports. 

The Bengaluru-based company has appointed a banker for the proposed fundraising and is currently holding discussions with investors, according to co-founder and Chief Executive Officer Akash Sinha. 

The company indicated that the round is expected to be structured as a Series D raise. 

IPO Plans Over the Next Few Years 

Cashfree Payments described the proposed funding as its final major private capital raise before preparations begin for a public listing. 

Sinha noted that the company is considering an Initial Public Offering (IPO) over the next 3 years. Before moving ahead with listing plans, the company intends to expand the scale of operations and increase revenue further. 

The firm expects topline growth to rise threefold to fourfold over the next few years. 

Revenue Growth and Profitability 

Cashfree Payments reported revenue of around ₹1,000 crore in FY26, recording 55% growth compared to the previous year. 

The company stated that it remains on track to achieve full-year Ebitda profitability in FY27. Profitability has been identified as one of the operational priorities for the coming financial year. 

The company also expects the contribution from its cross-border payments business to rise to nearly 25% of total revenue over the next few years. 

Focus on Cross-Border and AI Infrastructure 

Cashfree Payments plans to direct part of the proposed funding towards expanding its cross-border payments operations and strengthening technology infrastructure. 

The company is also increasing investments in identity verification products and artificial intelligence-based payment systems. 

In a statement, the firm listed 3 focus areas for FY27, full-year Ebitda profitability, expansion of the cross-border business, and investment in AI-native payments infrastructure. 

Previous Fundraise 

Cashfree Payments last raised $53 million in 2025 through a Series C funding round led by Krafton. Existing investor Apis Growth Fund II also participated in the round. 

Read More: LIC Buys 26.26 Crore Shares in Central Bank of India; Holding Rises to 6.06%! 

Conclusion  

Cashfree Payments is preparing for a fresh funding round as it expands its cross-border business and works towards profitability ahead of possible IPO plans. 

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