Cashfree Payments promotes new CBO and CTO to drive innovation and growth

• ByStartupStory     |    May 5, 2023

Cashfree Payments, a fintech company that provides payment and API banking solutions, has promoted Arun Tikoo to the position of Chief Business Officer (CBO) and Ramkumar Venkatesan to the position of Chief Technology Officer (CTO). Tikoo, who previously served as SVP-Business and Strategy at Cashfree, will now oversee strategic partnerships and go-to-market plans, as well as drive the firm’s development and growth, including global market expansion and penetration.

Cashfree Payments has stated that Tikoo will also be in charge of enhancing the current distribution network across sectors, as well as overseeing pricing, compliance, and operational setup for new product launches. Meanwhile, Venkatesan, formerly the SVP-Engineering, will be in charge of developing and integrating products, as well as directing the firm’s technology, engineering, and innovation strategies, as well as security.

Cashfree Payments has announced that these leadership changes are expected to aid the company in speeding up its innovation and growth. It also revealed that there have been additional internal promotions across the company’s various roles to assist its strategic goals.

Akash Sinha, the Co-founder and CEO of Cashfree Payments, expressed his excitement about the company’s growth and expansion phase and stated that he is confident that the new appointments of Ramkumar and Arun will aid the company in driving growth at an accelerated pace. He added that the two executives possess a wealth of knowledge, unique skills, and experience in the fields of innovation, technology, product, and business.

Cashfree Payments, founded by Akash Sinha and Reeju Datta, provides payment and API banking solutions by partnering with banks to create payment infrastructure and integrating with major platforms like Shopify, Wix, and Google Pay. It offers full-stack payment solutions and has expanded its presence to eight countries, including the United States, Canada, and the United Arab Emirates.

Cashfree, a fintech company that offers payment and API banking solutions, claims to process transactions worth $40 billion annually and provide payment solutions for over 300,000 businesses. It offers a full-stack payment solution integrated with major platforms such as Amazon Pay, Google Pay, PayPal, Paytm, Shopify, and Wix. Cashfree has a presence in eight countries, including the UAE, Canada, and the US, and is backed by Apis Partners, the State Bank of India (SBI), and Y Combinator. It was incubated by PayPal.

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