Fintech firm Cashfree Payments’ losses increase to Rs 135 cr in FY24 ...Middle East

New Delhi: Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23. During this period, the company’s income increased by 5 per cent on an annual basis from Rs 613.8 crore to Rs 642.7 crore. The marginal increase in the company’s income and increasing losses are attributed to an action taken by the Reserve Bank of India (RBI) on Cashfree, under which the company was banned from onboarding new merchants from December 2022 to December 2023. As per its annual financial statements filed with the Registrar of Companies, the company’s total expenses increased by 3.9 per cent to Rs 779.4 crore in FY24, against Rs 750 crore i

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Fintech firm Cashfree Payments’ losses increase to Rs 135 cr in FY24 ...Middle East

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