 "Cashfree")
State Bank of India-backed fintech company Cashfree Payments said on Monday that it recorded a 48 per cent growth in net profit to Rs 25.22 crore for the financial year ended in March 2021, posting profits in four consecutive fiscals.
The B2B start-up said it works with more than 1,00,000 companies to offer solutions such as payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Last year, banking giant SBI was reported to have invested an undisclosed sum in the fintech start-up at a valuation of $200 million.
The company clocked operating revenue of Rs 227.33
