Cashfree Payments is gearing up to raise more than $100 million in FY27 as the fintech company accelerates its expansion strategy across international markets and strengthens its focus on artificial intelligence-driven payment solutions. The proposed fundraising marks a key step in the company’s growth roadmap as it prepares for its next phase of scale.
Fundraising Plans and Investor Discussions
According to reports, the Bengaluru-based digital payments firm has already appointed a financial advisor to manage the upcoming funding round. The company is currently in discussions with potential investors as it looks to structure the deal as a Series D round.
Co-founder and CEO Akash Sinha indicated that this round is expected to be the company’s final major private capital raise before it moves closer to public market readiness.
IPO Timeline and Growth Strategy
Cashfree Payments has also outlined a long-term plan for a potential Initial Public Offering (IPO), which is expected to take place within the next three years. However, the company has stated that it aims to significantly scale operations and improve revenue performance before taking that step.
As part of its expansion strategy, the fintech firm is targeting a 3x to 4x increase in topline revenue over the coming years, driven by broader product adoption and international business growth.
Strong Revenue Growth and Profitability Focus
The company reported approximately ₹1,000 crore in revenue for FY26, reflecting a robust 55% year-on-year growth. This performance highlights strong demand for its payment processing and fintech services.
Looking ahead, Cashfree Payments expects to achieve full-year EBITDA profitability in FY27, making profitability a central priority for the next financial cycle.
Expansion in Cross-Border Payments and AI Infrastructure
A significant portion of the upcoming capital infusion is expected to be deployed towards expanding cross-border payment capabilities and strengthening technology infrastructure. The company is also investing heavily in artificial intelligence-based systems and identity verification solutions to enhance transaction efficiency and security.
Currently, cross-border payments contribute a growing share of the business, and the company expects this segment to account for nearly 25% of total revenue in the coming years.
Previous Funding and Investor Backing
Cashfree Payments last raised $53 million in a Series C funding round in 2025, which was led by Krafton. Existing investor Apis Growth Fund II also participated in that round, reflecting continued institutional support for the company’s growth trajectory.
Conclusion
Cashfree Payments’ planned $100+ million Series D fundraise highlights its strong growth ambitions in the global fintech ecosystem. With a clear focus on profitability, international expansion, and AI-led innovation, the company is positioning itself for a potential public listing in the next few years while scaling its operations significantly.
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