Investment Summary

Cashfree Payments India Invests In Telr

On November 30, 2021, Cashfree Payments India invested in information technology company Telr

Investment Highlights
  • This is Cashfree Payments India’s 1st transaction in the Information Technology sector.
  • This is Cashfree Payments India’s 1st transaction in United Arab Emirates.

Investment Summary

Date 2021-11-30
Target Telr
Sector Information Technology
Investor(s) Cashfree Payments India
Deal Type Stake Purchase

Target

Telr

Dubai, United Arab Emirates
Telr offers payment gateway solutions for SME’s, government bodies, and large corporates. Its wholly-owned, unique platform enables it to handle complex or unique payment methods or integrations. The company is building a wider regional presence in the MENA Region. It enables businesses to transact in over 120 currencies with payment platform capabilities in 30 languages and it provides customers with a range of financial and business services that include social commerce, QR Codes, anti-fraud protection, Shopping Cart Integrations, and digital invoicing. Telr was formed in 2014 and is based in Dubai.

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Investor(S) 1

Investor

Cashfree Payments India

Bengaluru, India

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2021 M&A 1 of 1