Cashfree hires ex‑Visa CFO

Cashfree Payments has hired former Visa India finance head Sameer Gandhi as chief financial officer as the company pushes for profitability. (economictimes.indiatimes.com) Cashfree said Gandhi brings more than two decades of experience in financial leadership, and that he will lead financial strategy, revenue planning, and operational efficiency. Inc42 reported that current finance chief Vikas Guru will support him through the transition. (economictimes.indiatimes.com) (inc42.com) The hire lands a little over a year after Cashfree raised $53 million in February 2025 from Krafton and Apis Partners at a reported $700 million valuation. TechCrunch said the company processes more than $80 billion a year for customers. (techcrunch.com) (cashfree.com) Cashfree is trying to tighten finance after a slow stretch in its core payments business. Entrackr reported revenue rose 4.7% to 642.7 crore rupees in fiscal 2024, while loss widened to about 133 crore rupees after a Reserve Bank of India curb on new merchant onboarding hit growth. (entrackr.com) (medianama.com) That regulatory freeze started in December 2022 and was lifted in December 2023, when the Reserve Bank of India allowed Cashfree to resume onboarding merchants as a payment aggregator. The company has since been rebuilding volume in a market crowded with rivals including Razorpay, PayU, and Stripe. (hindustantimes.com) (thehindubusinessline.com) Cashfree was founded in 2015 in Bengaluru by Akash Sinha and Reeju Datta. On its website, the company says it serves more than 1 million businesses with products for payment collection, payouts, cross-border transactions, and one-click checkout. (cashfree.com) (inc42.com) The company has also been reshaping its finance bench. Inc42 reported a different chief financial officer appointment in 2025, making Gandhi the latest senior finance change as Cashfree reorganizes around steadier growth and margins. (inc42.com) For Cashfree, the immediate test is whether a new finance chief can turn fresh capital, restored licenses, and large transaction volumes into consistent profits. (economictimes.indiatimes.com)