Vikas Guru Joins Digital Payments Co Cashfree as CFO

Guru’s financial expertise extends over two decades across sectors like financial services, retail, banking, and real estate. He was previously associated with FINO PayTech Limited, Bose and EY and was also featured in the CFONEXT100 as a financial controller. 

Bengaluru, 29 July 2021: Digital payments and banking technology company, Cashfree, has appointed Vikas Guru as the Chief Financial Officer on Thursday. In his role, he will oversee operations, reporting, governance, investor relationships and Management Information systems while aiding the leadership team as a business partner.

Guru’s financial expertise extends over two decades across sectors like financial services, retail, banking, and real estate. He was previously associated with FINO PayTech Limited, Bose and EY and was also featured in the CFONEXT100 as a financial controller. 

Commenting on the appointment, Akash Sinha, CEO and Co-Founder of Cashfree said, “As Cashfree embarks on the next phase of growth, we are seeking out accomplished professionals who share our values and work ethics. We are pleased to welcome Vikas Guru, at a critical juncture of the Cashfree journey. Vikas brings with him extensive experience in conceptualizing and implementing financial processes which are essential for an aggressively growing company like Cashfree. He has led teams across diverse industries and spearheaded finance operations in growth-centric organisations. We are confident that Vikas’s in-depth knowledge of financial planning and analysis, mergers and acquisitions, and corporate development will be invaluable as we continue on our journey to becoming one of the largest players, globally.”

Optimistic about his new role, Vikas Guru, the new Chief Financial Officer at Cashfree said, “This is an exciting time for Cashfree, and I am happy to join a team of extremely talented people fueling India’s next big story in banking technology and digital payments. With innovation at its core, Cashfree is one of the fastest-growing fintechs in the country and I am sure that we will continue to create products and services which will benefit the entire ecosystem. I am looking forward to working with the team here, in executing its strategic growth plans in India as well as in international markets. Together, we remain optimistic to capture the next wave of growth in the Cashfree journey.”

Cashfree is a payment service provider 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. Apart from India, Cashfree’s products are used in eight other foreign countries like the USA, Canada, and the UAE.