Klub partners with Cashfree Payments to fund 5,000 merchants
Revenue-Based Funding Platform, Clubannounces its partnership with the Indian leader in payments and API banking solutions, Cashless payments. With this partnership, Klub and Cashfree Payments aim to finance 5,000 merchants through Revenue Based Financing.
Cashfree Payments offers an advanced payment gateway with features like instant refunds, card pre-authorization, among other products. The brand also provides a bouquet of payment services to suppliers, including payment collections, recurring payments and verification services to banks. Backed by SBI, Y Combinator, Apis Partners, and incubated by PayPal, Cashless payments enables over 1,00,000 growing businesses in India and 8 other countries including USA, Canada and UAE to collect payments, disburse vendors, pay salaries, refund en masse, refund fees, loyalty and rewards.
Speaking of partnership, Reeju Datta, Co-Founder, Cashfree Payments, said, “We are delighted to partner with Klub’s integrated funding platform. This collaboration will help Cashfree Payments merchants benefit from flexible funding options to operate in an agile way and drive their growth in a dynamic digital environment. At Cashfree Payments, we remain true to our commitment to designing innovative solutions to address critical industry challenges.
Klub’s full-stack integrated capital platform offers capital ranging from INR 5 lakhs to INR 20 crores to digital SMEs. The RBF player has already partnered with 5 of the biggest Indian markets in the field of e-commerce, logistics and payment gateways. Klub is now on its way to delivering capital solutions at scale through all platforms that support digital SMEs.
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Sudharsan Venkatkrishnan, Vice President, Club, said, “We are excited to deploy Klub’s Integrated Capital Platform on the Cashfree Payments ecosystem. Our platform will enable instant access to a range of capital products for over 5000 merchants on Cashfree Payments. Our products combine well with those of our partners like Cashfree Payments to accelerate revenue growth for digital merchants.