Trilegal advised Cashfree Payments on raising USD 53 million in funding from Krafton and Apis

Trilegal represented and advised Cashfree Inc. (“Company“), a leading payments company in India and its founders (viz. Mr. Akash Sinha and Mr. Reeju Datta) in relation to the Series C fundraise by the Company of an amount equivalent to USD 53 million from Krafton Inc., an incoming investor in the Company along with participation from Apis Growth II (Clover) Pte. Ltd. (a fund managed by Apis Partners Group (UK)), an existing investor in the Company. The Company is a US based corporation having subsidiaries in India and UAE.

The Company is the first entity in India to get a cross-border payment aggregator license from the RBI. At present, the company holds three licences, including an online payment aggregator licence, a payment aggregator licence for cross-border payments, and a prepaid payments instrument authorisation. The Company provides full stack payment systems to its customers.

The deal establishes a one of its kind strategic partnerships between Krafton, an international gaming company and the Company, a payment gateway provider.

As the lead counsels to Cashfree Inc. and its founders, Trilegal provided strategic counsel throughout the funding process, assisting in negotiations, and structuring of the deal.

The Trilegal Team advising on the mandate was led by Partner Rahul Chugh and comprised Senior Associates: Siddhant Maheshwari and Kriti Chatrath; and Associate: Philip Ashok Alex.

Media Links:

Business Standard report: Cashfree secures $53 million to accelerate fintech growth

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com

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Deal: Trilegal advised Cashfree Payments on raising USD 53 million in funding from Krafton and Apis

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