Payments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 crore

Payment gateway and services provider Cashfree saw revenue from operations rising 75% on year to Rs 614 crore in FY23, even as its losses swelled considerably during the period.

The company, which recently received the Reserve Bank of India’s nod to resume onboarding of new merchants, recorded a loss of Rs 133 crore in FY23, a significant jump from Rs 3 crore in the previous year.