Cashfree Payments aims to double employee strength in 2022 for the next phase of business growth
● Plans to further accelerate hiring to double workforce to 850+ employees in 2022
● Grows headcount by 2x to 475+ employees in 2021
● Rolls out 100+ offers from prominent engineering colleges in December 2021
Bangalore, January 5, 2022: Leading payments and API banking solutions company, Cashfree Payments (Cashfree) said it plans to double its employee strength in 2022. The organization aims to cross a headcount of 600 by March 2022 and of 950 by December 2022, while staying on schedule with appraisals, bonuses, and promotions for the current team.
In 2021, Cashfree Payments strengthened its workforce to over 475 employees, having digitally onboarded over 300+ new hires. The hiring in 2021 also included crucial leadership roles across engineering, product management, strategy, and growth teams. In December 2021, Cashfree Payments rolled out over 100+ offers to freshers from prominent engineering colleges including the IITs and NITs, and will continue to expand its workforce as digital payments become more entrenched in India.
Akash Sinha, CEO, and Co-founder, Cashfree Payments said, “Cashfree Payments is in an
exciting phase of growth and we are happy to grow our teams at such an accelerated pace. The rise in e-commerce penetration and widespread digital payments adoption has given us the opportunity to scale significantly. Building innovations is at the core of what we do and we are investing in skilled and talented individuals who will drive innovation and build a seamless payments ecosystem.”
Sapna Sukumar, Vice President of Human Resources, Cashfree Payments commented, “It
has been a fulfilling experience to virtually onboard fresh talent, amidst such challenging times, to expand Cashfree Payments’ workforce and achieve our targets set prior to the pandemic.
This year, the hiring as well as the company orientation of over 300+ new hires were completed digitally and across diverse verticals. We plan to further double our workforce by the end of 2022, filling up critical positions to prepare for the next wave of transformation and growth in the organization.”
Cashfree Payments has also rolled out various Learning and Developments programs and Care programs to enable the current workforce to thrive during these unprecedented times. With over 50% market share among payment processors, Cashfree Payments today leads the way in online payments, vendor payments, e-mandate, and bulk disbursals in India with Cashfree Payments Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payment gateways and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm, and Google Pay. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE.
About Cashfree Payments
Cashfree Payments is a leading payment and API banking solutions company. It provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with simple integration. Cashfree Payments’ offerings include an advanced and easy way to integrate payment gateway, a split payment solution for marketplaces, bank account verification API, and Auto Collect — a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the leading payment service providers in India processing transactions worth USD 20 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree Payments enables more than 1,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty, and rewards. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was incubated by PayPal.