Home Tech Krafton leads to $ 533 fund funds with $ 700m

Krafton leads to $ 533 fund funds with $ 700m

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Krafton leads to $ 533 fund funds with $ 700m

Cashfree, the start of an indian payment that makes up and process more than $ 80 billion for customers per year, have returned $ 53 million in the new fund due to some international markets. Krafton, good sleeping manufacturer such as Pubg and BGMI, series of financial financial series in growing funds, two people on Wednesday. The 9-year-old funding value is 9, which has earned for about $ 100 million up to $ 700 million, according to a familiar source of the term. It is an unusual issue – the game company invests in the payment payment – but the company has seen strategic values ​​in partnership, the executive tells Techcrunch in the interview. “Krafton is a large organization, very active in the digital content of the company and payment as we see a market opportunity around,” SINHA’s Akash and Execution. “There is a synergy around a smooth payment for smaller ticket size.” In Cashfree, Krafton finds a reliable partner for themselves as well as the growing portfolio of the country, many will explore to the advise of the future company. When both of these companies do not process payments for the game like BGMI, the discussion is done and partnership is expected, they say. “Industry Finttech India is undergoing an incredible growth, and we are confidently the position of Cashfree in India can be published with global,” Sean Hynil Sohn, India CEO. Startup is based on bangs, the customer includes swiggy, Zeppo, and Bajaj finance, offers a variety of products including innovative services such as Paytophone for prevention fraud number. Cashfree has established itself as a stop payment solution. More than a large domestic operations, where offers more than 180 payment options and fast settlement features, start aggressive exposing in the Middle East. This targeting six main markets – UAE, Saudi Arabia, and three small markets include Jordan and Kuwait – with these countries in the same domestic payment and Indian rupay. “Mene is big enough,” SINHA said. “We want to be the leader of this market. We focus on six great markets like UAE, Egypt and three small markets like Jordan and Kuwait the stumbles to the payment of payments accidentally. In 2015, the Akash Sinha and Reeju Datt started with basic services: Helping restaurant restaurant workers collected cash from customers. No one works before. But when the restaurant client get an online payment option, he can find a larger opportunity. Early Investors are not sure. Many doubt-doubt can increase the rapid size for problems. Y Combinator that received the track, although the founder had missed missed and unable to create a collection of time. Startup has recently secure two additional licenses, including one for traffic traffic, and has lived with some international customers. Stack technology Cashfree allows businesses to process up to 12,000 transactions per second during the peak request. Startup has also announced securely, the verification of the identity verification enforced by billion verification, helps to help business against fraud when it reduces customer lubuos when it is activated. Cashfree is one of the first companies that receive the authority of the Indian central bank to operate as a payment and international transaction. Startup, associated by Paypal, calculates Y Combinator and Indian state bank between the previous backer. For Crafton, the investment has a broader strategy in India, where it has grown almost $ 200 million at a few times.

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