Indian fintech company Cashfree Payments said it recorded revenue of around ₹1,000 crore in FY26 and achieved EBITDA profitability in March 2026. The company is now targeting full-year EBITDA profitability in FY27.
Cashfree Payments stated that gross transaction value (GTV) on its platform increased 78% year-on-year during the March 2026 quarter. The company also reported 50% year-on-year growth in its active merchant base across enterprise and small and medium business (SMB) segments.
Cashfree Payments Co-founder and CEO Akash Sinha said: “With strong revenue performance and efficient cost management, we achieved EBITDA profitability in March 2026. In FY26, our cross-border operations reached scale, grew our merchant base significantly, and doubled down on AI-native infrastructure. FY27 will be the year we demonstrate that at a full-year level.”
The company’s SMB business recorded more than twofold growth in GTV during FY26. Cashfree also reported expansion in its cross-border business, with cross-border GTV increasing eightfold between March 2025 and March 2026. Net revenue from the segment increased tenfold during the same period. The fintech expects its cross-border operations to contribute about 25% of total revenue in the coming years.
Cashfree Payments holds Reserve Bank of India licenses for Payment Aggregator (PA), Payment Aggregator-Cross Border (PA-CB), and Prepaid Payment Instrument (PPI) operations.
The company said its priorities for FY27 include achieving full-year EBITDA profitability, expanding the cross-border business, and investing in identity verification products and AI-based payments infrastructure. Just this February, Cashfree launched its new in-chat payments solution, Cashfree Here, which enables users to complete payments directly inside AI chat applications, reducing the need to switch between platforms during checkout. The move into agentic payments and AI commerce is a promising direction, as the agentic AI market is projected to expand to $196.6 billion by 2034.
Additional reports are that Cashfree Payments is preparing a funding round of more than $100 million during FY27 to support international expansion, cross-border payments, and AI investments. The company reportedly appointed advisers for the process.
Cashfree Payments was founded in 2015 and is backed by investors including Krafton, State Bank of India, Y Combinator, and Apis Partners. In 2025, the company raised $53 million in a Series C funding round to accelerate the market growth of its innovative payment solutions across multiple digital sectors. Besides, the fintech provider was also incubated by PayPal.
