Cashfree Payments announced an ESOP buyback plan on Tuesday for its employees, both existing and former.
The plan is set to cover over 400 Cashfree employees, including 175 former employees.
“Turning ten is not just a milestone, it’s a powerful reminder of how far we’ve come and how much more we’re building toward…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,” said Akash Sinha, CEO & Co-founder, Cashfree Payments.
Cashfree Payments is an RBI-authorised payment aggregator for domestic and cross-border transactions under a PA-CB licence. The fintech reported a 250 percent year-on-year growth in GMV, with cross-border transactions currently contributing about 10 percent of its revenue.
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