Investment Summary

Apis Partners Invests In Cashfree Payments India

On November 24, 2020, growth capital firm Apis Partners invested in internet software and services company Cashfree Payments India

Investment Highlights
  • This is Apis Partners’ 6th transaction in the Internet Software and Services sector.
  • This is Apis Partners’ 6th transaction in India.

Investment Summary
Date 2020-11-24
Target Cashfree Payments India
Sector Internet Software and Services
Investor(s) Apis Partners
Deal Type Stake Purchase

Target

Cashfree Payments India

Bengaluru, India
Cashfree Payments India is a payment and banking technology company processing over US$12bn annualized payment volume (Mar-20) and helps large internet and financial services businesses in India collect and disburse payments at scale. To simplify payment processing, Cashfree also provides auxiliary services including instant refunds, a split payment solution for marketplaces, subscription payments, payment pre-authorization, and bank account verification. Cashfree Payments India was founded in 2015 and is based in Bengaluru, Karnataka.

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Investor(S) 1

Investor

Apis Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.

DEAL STATS #
Overall 20 of 30
Sector (Internet Software and Services) 6 of 11
Type (Stake Purchase) 3 of 3
Country (India) 6 of 8
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Prenetics

Hong Kong, China

Prenetics is a major global diagnostic and genetic testing company with the mission to bring health closer to millions of people globally and decentralize healthcare by making the three pillars Prevention, Diagnostics and Personalized Care comprehensive and accessible to anyone, at any time and anywhere. Prenetics was founded in 2014 and is based in Hong Kong, China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Tutuka

Johannesburg, South Africa

Tutuka is a global payments enabler making payments happen by enabling clients’ customers to pay with Mastercard, Visa or Union Pay cards and products. Tutuka was formed in 1998 and is based in Johannesburg, South Africa.

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Mergr

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Company

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