Cashfree doubles its employees in six months for next phase
This year Cashfree has strengthened its workforce to more than 225 employees, including 130 new hires digitally. The reason behind this is the rise in e-commerce and digital payment sectors. Cashfree is aimed at crossing the employees headcount of 300 by March 2021 and of 400 by December 2021 and will keep on paying all the scheduled bonuses, appraisals, promotion for the current team.
Akash Sinha, CEO and Co-founder, Cashfree said, “We are delighted to add so many bright and talented individuals on Cashfree’s growth journey. Digital payments are expected to grow by 10x in the next two to three years. With the recent surge in online transactions in India to unprecedented levels, we are actively developing innovations and creating products that enable businesses to process digital payments at scale. In tandem with rising e-commerce penetration and widespread digital payments adoption, we have a three-pronged approach of partnerships, new products and geographic expansions. We are investing in skilled and talented individuals who will drive innovation and build a seamless payments ecosystem for businesses, merchants and customers that are thinking digital.”
Sapna Sukumar, Head of Human Resources, Cashfree comments, “It has been a fulfilling experience to virtually onboard fresh talent, amidst such challenging times, to expand Cashfree’s workforce and achieve our targets set prior to the pandemic. The hiring as well as the company orientation of over 130 new hires was completed digitally and across diverse verticals including, product management, growth and marketing. We plan to further double our workforce to 400+ team members by the end of 2021, filling up critical positions to prepare for the next wave of transformation.”
Cashfree is a payments and banking technology that enables Indian businesses to collect payments, wage payouts, vendor payouts, instant loan disbursements, expense reimbursements, e-commerce refunds, insurance claims processing, loyalty and rewards payments. Cashfree was founded by IIT Kharagpur graduate Reeju Datta and IIIT Hyderabad alumnus Akash Sinha.