Digital payments company Cashfree appoints Vikas Guru as CFO

Cashfree, state bank of india, fino paytech, payments, cfo digital, Growth, technology, paypal, FinTech, finance

Digital payments and banking technology company Cashfree has brought on board Vikas Guru as its chief financial officer, to fuel the next phase of its growth.

Guru will be responsible for bringing in a new level of insight, experience, and strategy to drive the change and build an agile finance function at the firm. He will oversee operations, reporting, governance, investor relationships and Management Information System. He will also play an active business partnering role within the leadership team to ensure both top and bottom-line targets are met and continuously exceeded.

He brings over two decades of experience across sectors such as financial services, retail, banking, and real estate. In a decade-long stint at FINO PayTech, he led the organisation to achieve scale and profitability facilitating organic growth capital and inorganic expansions.

“As Cashfree embarks on the next phase of growth, we are seeking out accomplished professionals who share our values and work ethics. Vikas brings with him extensive experience in conceptualising and implementing financial processes which is essential for an aggressively growing company like Cashfree. He has led teams across diverse industries and spearheaded finance operations in growth-centric organisations,” said Akash Sinha, CEO and co-founder, Cashfree.

“With innovation at its core, Cashfree is one of the fastest growing

fintech

firms in the country and I am sure that we will continue to create products and services which will benefit the entire ecosystem. I am looking forward to working with the team here in executing its strategic growth plans in India as well as in international markets,” said Guru.

Cashfree processes transactions worth $20 billion annually. Recently, India’s largest lender SBI invested in Cashfree, underscoring the company’s role in building a robust payments ecosystem. Apart from India, the company’s products are used in eight other countries like the USA, Canada, and the UAE.

The startup is backed by Silicon Valley investor Y Combinator, Apis Partners,

State Bank of India

(SBI), and was incubated by PayPal.

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