Bengaluru-based fintech, Cashfree, a payments and banking technology company that enables businesses in India to collect payments online and make payouts, said it has received USD 35.3 million (approximately Rs 260 crore) as part of its Series B raise. The investment was led by growth stage financial services investor, Apis Growth Fund II, with participation from existing investor Y Combinator, it said in a statement.

(The Hindu)