Press Release

Cashfree strengthens its tech leadership; appoints Ramkumar Venkatesan as SVP of Engineering 

Leading digital payments and banking technology company, Cashfree, has appointed Ramkumar Venkatesan as SVP of Engineering, to fuel the next phase of tech-stack innovation and product evolution. He will be responsible for scaling the engineering team to enable rapid innovation and customer delight at Cashfree. 

Ramkumar has more than 24 years of experience in ad-tech, big data, e-commerce, and database technology in US and Indian markets. His most recent role was as CTO and VP of Engineering at Jivox, where he led the growth of the engineering team and the acquisition of new customers through product innovation. He is passionate about scalability, sustainability and quality in technology and engineering teams and has a few patents in distributed systems.

Commenting on the appointment, Akash Sinha, CEO and Co-Founder, Cashfree said, “We are excited to have Ramkumar Venkatesan lead the dynamic engineering team at Cashfree. Ramkumar has extensive experience in conceptualizing and implementing quality in engineering and tech processes and teams, which is essential for a fast-growing firm like Cashfree. Over the course of his career, he has led engineering operations for tech-driven companies in many industries. Ramkumar’s expertise and domain knowledge will be invaluable as we develop our products and solutions to cater to a global customer base.”

Ramkumar Venkatesan as Senior Vice President Of Engineering at Cashfree said, “India and Cashfree are at the forefront of innovation in the digital economy and payments. I am thrilled about my foray into the world of fintech with Cashfree, led by talented and ambitious individuals. Cashfree is one of the top fintechs in the country that has been enabling seamless, digital transactions through a customer-centric and innovative approach. I am looking forward to enhancing Cashfree’s product offerings, market share, and technology across the globe.”

Cashfree is among the leading payment service providers in India and processes transactions worth USD 20 billion annually. With over 50% market share among payment processors, Cashfree today leads the way in bulk disbursals in India with Cashfree Payouts. Recently, India’s largest lender, SBI invested in Cashfree underscoring the company’s role in building a robust payments ecosystem. Cashfree works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree’s products are used in eight other foreign countries like the USA, Canada, and the UAE.

About Cashfree:

Cashfree is a leading payments and API banking solutions company. It provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with a simple integration. Cashfree’s offerings include an advanced and easy way to integrate payment gateway, a split payment solution for marketplaces, bank account verification API and Auto Collect — a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, is among the  leading  payment service providers in India processing transactions worth USD 20 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree enables more than 1,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree’s products are used in eight other countries including USA, Canada and UAE. Cashfree is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.

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