Cashfree FY26: Revenue Inches Closer To ₹1,000 Cr Mark, Loss Narrows

Cashfree Payments inched closer to the ₹1,000 Cr revenue mark in the fiscal year 2025-26 (FY26). The fintech soonicorn’s operating revenue zoomed 51.1% to ₹967 Cr in the fiscal under review as against ₹640.1 Cr in FY25. 

Buoyed by the rising top line, Cashfree Payments managed to trim its net losses by 23.1% to ₹118.5 Cr in FY26 compared to ₹154.1 Cr in the year ago period. 

Including other income of ₹5.03 Cr, the startup’s total income stood at ₹972.5 Cr in the fiscal under review. 

Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree Payments offers digital payment solutions like payment gateway, cross-border payments, payout solutions and banking APIs. It claims to have served over 20 Lakh businesses since inception, processing transactions worth $80 Bn annually. Its clientele features the likes of MakeMyTrip, Zomato, CRED, Delhivery, among others.

Alongside payments, Cashfree Payments also offers a suite of user verification and KYC tools. It has also forayed into agentic payments, enabling AI agents to process invoices and conduct payments autonomously through its MCP server.

Backed by the likes of Y Combinator, Apis Partners, State Bank of India and KRAFTON, Cashfree Payments has raised nearly $94 Mn in funding to date. 

Payment gateway commissions accounted for the biggest chunk of the startup’s operating revenue at ₹889.7 Cr in FY26, up 85% from ₹480.9 Cr in the year ago fiscal. Further, commission income from payouts and cross-border payments also stood at ₹69.4 Cr (up 25% YoY) and ₹8 Cr (versus nil in FY25), respectively. This is largely in line with the startup’s diversification strategy.

Not stopping there, cofounder and CEO Sinha told Inc42 earlier this year that Cashfree is exploring outward investment flows to enable Indian retail investors to buy foreign-listed stocks. Plus, the soonicorn is also building infrastructure for trade payments and recurring international business payouts. 

How Did Cashfree Spend In FY26?

In line with the top line growth, the fintech soonicorn’s total expenses zoomed 37.3% to ₹1,090.9 Cr in FY26 from ₹794.7 Cr in the year ago fiscal. 

Payment Gateway Processing Charges: This was the biggest cost centre for the startup during the fiscal. Cashfree spent ₹697.6 Cr under this header in FY26, up 66.3% from ₹419 Cr in the year ago period.

Employee Benefit Expenses: The startup spent ₹239 Cr on salaries, incentives and employee-related costs in the fiscal under review, down slightly from ₹243.4 Cr spent in FY25.

Promotional Expenses: Cashfree’s marketing expenses declined 12.8% to ₹17.8 Cr in FY26 from ₹20.4 Cr in the year ago fiscal.

Domain Charges: The fintech soonicorn spent ₹25.2 Cr under this bucket in the fiscal under review, up 36.2% from ₹18.5 Cr in FY25. 

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