Payments and API banking solutions company Cashfree Payments (Cashfree) plans to double its employee strength in 2022 for the next phase of business growth, the company said today.
The organisation aims to cross a headcount of 600 by March 2022 and of 950 by December 2022, while staying on schedule with appraisals, bonuses and promotions for the current team.
In 2021, Cashfree Payments strengthened its workforce to over 475 employees, having digitally on-boarded over 300+ new hires. The hiring in 2021 also included crucial leadership roles across engineering, product management, strategy and growth teams. In December 2021, Cashfree Payments rolled out over 100+ offers to freshers from prominent engineering colleges including the IITs and NITs.
“The rise in e-commerce penetration and widespread digital payments adoption has given us the opportunity to scale significantly. We are investing in skilled and talented individuals who will drive innovation and build a seamless payments ecosystem,” said Akash Sinha, CEO and Co-founder, Cashfree Payments.
“It has been a fulfilling experience to virtually onboard fresh talent, amidst such challenging times, to expand Cashfree Payments’ workforce and achieve our targets set prior to the pandemic. This year, the hiring as well as the company orientation of over 300+ new hires were completed digitally and across diverse verticals. We plan to further double our workforce by the end of 2022, filling up critical positions to prepare for the next wave of transformation and growth in the organisation,” added Sapna Sukumar, Vice President of Human Resources, Cashfree Payments.
With over 50% market share among payment processors, Cashfree Payments leads the way in online payments, vendor payments, e-mandate and bulk disbursals in India with Cashfree Payments Payouts. Recently, India’s largest lender SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem.
Cashfree Payments works closely with all leading banks to build the core payment gateways and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada and UAE.