Krafton Leads 53 Million Dollar Round for Indian Payments Company Cashfree

South Korean gaming giant Krafton has led a $53 million funding round for Cashfree, the Indian payments company, to fuel its global expansion. The investment brings a significant new backer to one of India's leading payment gateway providers.

Cashfree processes payments for hundreds of thousands of businesses in India, offering payment gateway, payout and banking solutions. The Krafton-led round will support expansion into new markets and the development of additional payment products.

The investment highlights the growing interest from Asian technology companies in India's booming payments infrastructure market, which has seen explosive growth driven by UPI adoption and the rapid digitisation of the Indian economy.