Cashfree Payments is planning to raise over $100 million in a new funding round in FY27 as it prepares for international expansion and strengthens its artificial intelligence-driven payments infrastructure. The Bengaluru-based fintech company is reportedly in discussions with investors and has appointed a banker to manage the proposed Series D round.
The fundraising comes as the company positions itself for a potential initial public offering (IPO) within the next three years. According to company leadership, the fresh capital will support expansion plans, technology upgrades, and growth in overseas markets.
Cashfree Payments has indicated that this will likely be its final major private funding round before entering public markets. The company expects to scale its operations significantly, with revenue projected to grow three to four times over the coming years.
In FY26, the fintech firm reported revenue of around ₹1,000 crore, reflecting strong year-on-year growth of approximately 55%. The company is also targeting full-year EBITDA profitability in FY27, marking a key milestone in its financial roadmap.
A major area of focus for the upcoming investment is cross-border payments, which is expected to contribute nearly a quarter of total revenue in the future. Alongside this, Cashfree Payments is investing in artificial intelligence-powered payment systems, identity verification solutions, and broader payments infrastructure to improve efficiency and scalability.
The company’s last major fundraising took place in 2025, when it raised $53 million in a Series C round led by Krafton, with participation from existing investor Apis Growth Fund II.
As Cashfree Payments moves toward profitability and potential IPO readiness, its strategy reflects a broader trend in the fintech sector, where companies are prioritizing sustainable growth, international expansion, and AI-led financial technology innovation.
