India, Nov. 24 -- Bengaluru-based payment gateway platform Cashfree has raised $35.3 Mn in a new financing round. The startup's Series B was led by London-headquartered private equity firm Apis Partners, with participation from existing investors Y Combinator and Smilegate Investments.

With the latest fundraise the startup's mop up to date stands at $42 Mn.

Launched in 2015 by Akash Sinha and Reeju Datta, Cashfree offers a number of services to ease out payments processes for digital platforms. Currently, it offers more than a dozen products and services and helps over 55,000 businesses disburse salary to employees, accept payments online, set up recurring payments and settle marketplace commissions.

Some of Cashfree's customers includ...