Gandhi was previously the head of finance at Visa India. Prior to that, he held senior roles in organisations like Vodafone, ING Australia, and Citigroup. In a press statement, the company said Gandhi will anchor Cashfree’s financial strategy, enhancing the efficiency of its commercial operations and revenue planning.
He joins at a time when the company is looking to accelerate growth and become profitable in the coming quarters. Cashfree operates across online merchant payments and cross-border transactions, and competes with startups like PayU and Razorpay.
“Sameer’s track record in working for large institutions makes him a powerful addition to the leadership team. His expertise will be instrumental as we double down on sustainable growth, and strive towards our goal of becoming profitable,” said Akash Sinha, chief executive officer, Cashfree.
Cashfree Payments processes over $80 billion transactions annually, serving more than a million businesses ranging from early-stage internet startups to publicly listed enterprises. The company recently raised $53 million (Rs 450 crore) in a round led by Korean digital entertainment giant Krafton and existing investor Apis Growth, managed by UK-based Apis Partners.