Cashfree Payments appoints in ex-Visa finance leader Sameer Gandhi as CFO

Indian fintech firm Cashfree Payments has appointed Sameer Gandhi as its Chief Financial Officer (CFO), as the company looks to accelerate growth and move towards profitability in the coming quarters.

Gandhi, a finance leader with more than two decades of experience across global financial institutions, will oversee the company’s financial strategy, with a focus on improving operational efficiency and strengthening revenue planning.

The development comes after the company secured all three major payments licences from the Reserve Bank of India, including Payment Aggregator, cross-border, and Prepaid Payment Instrument.

CEO and co-founder Akash Sinha said Gandhi’s experience working with large institutions would strengthen the leadership team.

“For over a decade, we have been simplifying payments to help businesses launch, grow, and succeed in the digital economy while ensuring that every transaction is safe, secure, and compliant,” he said.

“As we accelerate into our next stage of growth, Sameer’s proven track record makes him a powerful addition.”

Gandhi most recently served as Head of Finance at Visa India, where he led financial operations and planning. He has also held senior roles at Vodafone and ING, and began his career at CRISIL and Citigroup.

“I look forward to working as a strategic business partner – balancing cost discipline with funding innovation, and contributing to the shared vision and goals by ensuring a robust financial foundation and governance across all functions,” Gandhi said.

Cashfree Payments claims that it currently processes more than $80 billion in transactions annually and serves over a million businesses, ranging from early-stage startups to publicly listed companies. The firm has also reported strong growth in its cross-border payments business, with cross-border GMV rising by 250% year-on-year.

It recently raised $53 million in funding from investors including KRAFTON and Apis Growth Fund II, and is increasingly focusing on AI-driven solutions.