Payments solutions firm Cashfree acquired one-click checkout company Zecpe

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Marking its second acquisition, payments solutions firm Cashfree has acquired one-click checkout company Zecpe. Cashfree has not disclosed the financial terms of the transaction.

Hriday Agarwal, the founder of Zecpe, will join the Cashfree Payments team as the head of ecommerce checkout as part of the agreement. Zecpe employees will join Cashfree Payments to help scale the product. Cashfree, which is backed by SBI, reportedly laid off 13% of its workforce, or approximately 80 employees, last month. However, the fintech firm stated that as part of its retrenchment plan, it had downsized 6-8% of its employee base.

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Payments solutions firm Cashfree acquired one-click checkout company Zecpe

Marking its second acquisition, payments solutions firm Cashfree has acquired one-click checkout company Zecpe. Cashfree has not disclosed the financial terms of the transaction.

Hriday Agarwal, the founder of Zecpe, will join the Cashfree Payments team as the head of ecommerce checkout as part of the agreement. Zecpe employees will join Cashfree Payments to help scale the product. Cashfree, which is backed by SBI, reportedly laid off 13% of its workforce, or approximately 80 employees, last month. However, the fintech firm stated that as part of its retrenchment plan, it had downsized 6-8% of its employee base.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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