By CIO Insider Team
 

Payments infrastructure and intelligence firm Cashfree Payments has named Sameer Gandhi as its Chief Financial Officer.

Gandhi has more than twenty years of experience in international financial institutions and will oversee Cashfree's financial strategy, aiming to enhance operational efficiency and reinforce revenue planning. His appointment arrives as the company aims to boost growth and attain profitability in the upcoming quarters.

He formerly held the position of Head of Finance at Visa India, overseeing financial operations and planning. Before that, he was in high-level positions at Vodafone as General Manager of Financial Planning & Analysis for its enterprise and carrier sectors, and at ING Australia as a Senior M&A Analyst. He started his career at Crisil and Citigroup.

Cashfree Payments has recently achieved a competitive advantage by being among the first platforms in India to obtain all three RBI payment licenses—Payment Aggregator (PA-PG), cross-border (PA-CB), and Prepaid Payment Instrument (PPI). This regulatory benefit has facilitated robust yearly growth, especially in cross-border payments, which have increased by 250 percent.

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The firm handles more than $80 billion in transactions each year and caters to over a million businesses, from startups to publicly traded companies. It recently secured $53 million in a funding round spearheaded by KRAFTON, with involvement from Apis Growth Fund II, which is managed by Apis Partners.

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Cashfree intends to introduce its own MCP servers to empower AI agents to autonomously manage invoices and make payments, along with “Cashfree Here,” a service enabling businesses to integrate payments into AI chatbots.

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Moreover, the firm provides Secure ID, a suite for identity verification featuring APIs and KYC elements that assist fintechs in simplifying onboarding, minimizing user friction, and accurately identifying fraud.