Cashfree bets on SMEs and cross-border to chase ₹1,000 Cr FY26 revenue
CEO Akash Sinha is steering Cashfree toward a ₹1,000 Cr FY26 topline, doubling SME merchants and cross-border revenue while serving Zepto, BigBasket and OpenAI. But FY25 losses widened to ~₹150 Cr as Razorpay's ₹3,783 Cr scale and agentic AI investments squeeze margins across India's 55+ PA licence holders.
What happened
Cashfree Payments · Cashfree CEO Akash Sinha details strategy to reach ₹1,000 Cr FY26 revenue via SME push (100% growth) and cross-border payments (doubled),
Key facts
- FY23 net loss ₹133.1 Cr (46x jump)
- FY23 revenue ₹613.8 Cr
- FY24 revenue ₹639 Cr
- FY25 net loss ~₹150 Cr
- FY26 revenue target ~₹1,000 Cr
- Razorpay FY25 revenue ₹3,783 Cr
- 55+ PA licence holders
- $94 Mn raised
- SME merchants up 100% YoY
- cross-border revenue doubled
Why this matters
With 55+ PA licence holders fragmenting the market and Cashfree losing ground to Razorpay, this is a window to evaluate consolidation plays or cross-border partnership structures before FY26 capital cycles reset valuations.
Also reported by
- Inc42 · Buzz — 1h after first sighting