Hi PH 👋🏻, I'm Akash, the Co-Founder of Cashfree.
Cashfree is a Y Combinator backed bulk payout and payment gateway solution for businesses. Cashgram is our latest release -- a weblink businesses can send users to collect account details and make a payment.
Unlike collecting money from users, sending money to users for cash-on-delivery order refunds, rewards, reimbursements etc has always been a slow, ops heavy process often prone to errors. It has demanded coordination between product, customer support and finance team to ensure timely disbursal. Businesses have to ask for a customer's bank account details, card number over email, chat or phone which also makes many customers uncomfortable 😑
Cashgram has been built to make that process smooth, user-friendly and accurate. It reduces the ops cost for businesses to ZERO and lets customers receive money without having to share their account details with a business 😎
How It Works: Business sends a Cashgram link to the user. User enters their account details (UPI, bank account or PayTM). Payout is received in their preferred account, instantly.
a) On-the-fly validation of customer provided details. Throws error in real-time if they provide incorrect bank account number or UPI VPA.
b) Cashgrams are secured via OTP authentication 🗝
c) Instant transfers 🙌
d) Supports 4 popular modes to withdraw: Bank account number, UPI ID, PayTM and Debit cards (issued in India).
e) Auto-expiry of Cashgram, if not redeemed by the prescribed time frame ⌛️
f) Works fabulously on mobile devices. Desktops are supported too.
g) API support available 🤖
Use cases :-
a) COD Refunds/Returns at E-commerce stores
b) Rewards disbursal on Fantasy Sports/Online Gaming apps
c) Payouts to marketing affiliates
d) Gifting (alternative to gift cards)
e) Disbursals on P2P lending platform
f) Expense reimbursements
Happy to answer your questions!
PS: To try a Cashgram, drop a message below, and we'll Cashgram you some cash 💸
@sha26 It's unique invention I must say. Keep up the good work
@sha26 Hi Akash, Your target audience is E-Commerce and SaaS companies. If you need help in identifying all the e-commerce and SaaS companies in India and reach out to decision maker, we can help you out. Check our product : www.easyleadz.com
@ankit_sexna Great! Thanks :)
@shreyaa_ratra Your product looks great. Will surely reach out!
@sha26 this changes everything (especially for rewards in the non-profit sector) reaching out big time! And such an amazing product. My hats off to you and your team ☺️
@ranjit_ghoshal Thanks! Do spread out the word :)
@sha26 I'd love to try this out!
@tieshunr Do you have an indian phone number? I will share the Cashgram link with you, if you can DM me that.
best of luck. make sure to stand out. Alot of Fintech in the same space. UI looks good :-)
@shakks Great! Thanks for the feedback :)
Raj Nandan Sharma
It looks interesting to me, can i have a preview or demo?
@delbin_thomas Please DM me your email/phone. We will send you a Cashgram link right away.
This looks great guys. I know plenty of companies who have had to wait ages and followup for refunds.
@sahil_aggarwal Correct. We felt the pain too and built this. Thanks for feedback though!
Why do I need to choose yours?
@igityan_hayarpy Cashgram is the first product to help businesses simplify the process of sending money to users. If you have to reward your users, pay your affiliates, incentivise your customers etc then Cashgram is the perfect fit for that.
Just curious. It would work only in India right?
@nivasravi Currently, Yes. Underlying stacks that we use right now are specific to Indian users. We are working with global payment network to facilitate this worldwide. Try to roll them out soon.
Mike Shoss, CSM SPM
Looks super clean and fills a hole in the market place, great job team!
@mikeshoss Great! Thanks :)
Simple solution. Good use cases. All the best!
@bhaskerkode Look forward to having you try Cashgram. Congrats on the raise :)
I read the email about the launch of Cashgram in the warehouse email group lately. The design looks amazing! 💯
@shashwatgautam Thanks! Credits to @nithil_thomas
I like innovative implementation of this tool
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@ahad2 Seriously, dude?
We've been searching for an API that can help us with staff disbursements. Looking forward to getting access.
@jacob_roscoe Cool. Please DM me your email/phone. We will get in touch.
How you guys are different from Instamojo? Instamojo also works on same principles.
@anandsoniindia Cashgram is the first tool that let businesses send money to users without asking for any personal details. You might have confused it with payment links to accept payments from customers. Cashgram does the opposite. Do head over the description section. We have shared lots of use cases of it. Cheers!
Congrats Akash, Reeju & team Cashfree, good to see you're trending on PH. Was intrigued to know how this will work. It will be great if you can add a pseudo transactional demo or a video on your website.
@vishal_nema We can give you a live link to test it out. Please DM me your email/phone. Will send a Cashgram via SMS.
Hey @sha26, how soon do you intend to support payments globally. Any further plans on the API you're willing to share? Thanks. ✌
@igoruphere Supporting global merchants is part of our plan. We are just not ready for it yet. APIs are hosted here - https://docs.cashfree.com/docs/payout/guide/