Cashfree pumps $15 million equity investment into UAE’s Telr

Cashfree pumps $15 million equity investment into UAE’s Telr

India-based payments and API banking solutions company, Cashfree Payments has allocated an equity investment of $15 million in Telr, a Payment Service Provider (PSP) in the  UAE and Saudi Arabia, making it the largest shareholder in the Telr.

Founded in 2014 by Khalil Alami, Telr is a Dubai-based fintech offering payment gateway solutions for SMEs, government bodies and large corporates.

Through this partnership, Cashfree and Telr aim to develop a unified cross-border payments platform to help Indian merchants accept payments from customers in the Mena region and vice-versa, via a single integration.

Press release: 

Leading payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of $15 million in Telr, a leading Payment Service Provider (PSP) in UAE and Saudi Arabia. With this investment, Cashfree becomes one of the largest shareholders in the company. 

Cashfree has already established itself as one of the leaders in the payment solutions space in India, with successful operationalisation and scaleups of industry-first solutions. Moreover, this strategic investment in Telr, will enable the company to launch its distinctive offerings in the Mena region, utilising Telr’s strong presence and payment infrastructure. In addition, Cashfree and Telr aim to develop a unified cross-border payments platform that would help Indian