
Krafton Chairman Chang Byung-gyu speaks throughout an internet press assembly, sharing the corporate’s future imaginative and prescient, July 26, 2021. Courtesy of Krafton
Krafton, the Korean gaming firm behind common shooter title PUBG: Battlegrounds, mentioned Wednesday it has invested in Indian fintech agency Cashfree Funds as a part of its continued push into India’s digital financial system.
Cashfree Funds has raised $53 million in a current funding spherical led by Krafton, in keeping with the Korean firm.
Based in 2015, Cashfree Funds is considered one of India’s main fintech corporations, offering cost assortment, disbursement, cross-border transactions and one-click cost options to companies.
The corporate presently companions with over 800,000 companies and processes $80 billion in transactions yearly.
With this funding, Krafton goals to discover synergies with Cashfree Funds, notably in India’s gaming and digital providers sector.
Son Hyun-il, CEO of Krafton India, emphasised the potential for speedy development in India’s fintech business.
„We consider Cashfree Funds is well-positioned to not solely lead India’s fintech market but in addition broaden into the worldwide funds business,“ he mentioned. (Yonhap)