Krafton invests in Indian fintech firm Cashfree Payments

Krafton Invests In Indian Fintech Firm Cashfree Payments

Krafton Chairman Chang Byung-gyu speaks during an online press meeting, sharing the company’s future vision, July 26, 2021. Courtesy of Krafton

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)

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