Cashfree Payments has announced an Employee Stock Ownership Plan (ESOP) buyback covering more than 400 current and former employees, as the FinTech company celebrates a decade of operations in India’s digital payments ecosystem.
The buyback includes around 175 former employees, reinforcing Cashfree’s long-standing focus on employee wealth creation and shared ownership. The move comes as the company enters its next phase of growth, supported by the recent inauguration of its new 80,000 sq. ft. headquarters at Ecoworld, Bengaluru.
Commenting on the milestone, Akash Sinha, CEO and Co-founder, Cashfree Payments, said the buyback reflects the company’s belief that ESOPs should translate into real value rather than remain a future promise. He added that the initiative recognises the contributions of both present and past team members who helped build the company over the years.
The announcement follows strong business momentum for Cashfree, particularly in cross-border payments. The company, which was the first FinTech to receive the RBI’s Payment Aggregator – Cross Border (PA-CB) licence for both import and export flows, reported a 250 per cent year-on-year growth in cross-border GMV. This segment currently contributes 10 per cent of revenue, with plans to scale it to nearly 25 per cent by 2030.
Founded in 2015, Cashfree Payments today processes over $80 billion in annual payment volumes and serves more than one million businesses, including major brands such as Swiggy, Nykaa, Zepto, RedBus, and BigBasket. Alongside payments, the company also offers SecureID, an identity verification and KYC stack used by FinTechs and startups for compliant onboarding.
With regulatory authorisations from the RBI for domestic and cross-border payments, and backing from investors such as Y Combinator, SBI, Apis Partners, and KRAFTON, Cashfree Payments continues to expand its role in building India’s payments and digital identity infrastructure.
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