Cashfree Payments today announced the implementation of ESOP buyback plan for its employees, both existing and former. The plan covers over 400 Cashfree employees, including 175 former employees, reinforcing the company’s long-standing philosophy of building long-term value and enabling wealth creation for those who have contributed to its growth journey.
Commenting on the announcement, Akash Sinha, CEO & Co-founder, Cashfree Payments said, “As a company that has always put employee wellbeing first, we see ESOPs not merely as a retention tool or a future promise, but as a tangible way to participate in wealth creation and ownership. Whether someone is building with us today or helped lay the foundation in our early years, this buyback is about recognising real contribution and sharing the outcomes of growth.”
As the first fintech to have received the PA-CB License (Payment Aggregator – Cross Border), from the RBI for not just exports but also imports flow, Cashfree has been scaling its cross-border payments stack aggressively and witnessed a dramatic 250 per cent GMV growth over last year. Currently cross border accounts for 10% of the company’s revenue and Cashfree is aiming to scale it to nearly 25 per cent by 2030.
The ESOP buyback comes at a time when Cashfree has moved into a new 80,000 sq ft headquarters at Ecoworld, Bangalore.