In the latest episode of the Figuring Out Podcast, we are in conversation with Akash Sinha, CEO & Co-founder of Cashfree Payments, India’s leading payments and API banking company, a IIIT and ex-Amazon employee. He has a background in tech and has also worked with a FinTech company before.
Akash Sinha and Reeju Datta started Cashfree Payments in 2015 and initially, they were digitizing offline COD payments. Then in April 2016, they got into the online space completely. When they started, it was just Reeju and Akash, along with another member who handled sales. At the time, Akash and Reeju started out by powering small restaurants in Bangalore. They were focused on night delivery restaurants, as it was a segment that required alternate options for cash payments. So, night delivery restaurants are where they found their very first users.
Today, they help businesses of all sizes accept payments, make payouts, verify bank accounts, Aadhaar, PAN, and more.
In this podcast, we had an amazing conversation about digital transactions, the role of payments in the growth of startups and small businesses, and more. Watch the episode till the end to know the complete details.
00:00 - Introduction 00:56 - Tech industry in India 07:11 - How to make a business tech savvy? 10:04 - Story behind Cashfree 12:08 - How to hire the right team? 14:00 - Key learnings in Amazon 18:54 - How to spot a good business idea? 21:07 - Future of Banking system in India? 22:03 - Where is India moving? 26:42 - Importance of Fintech for every industry 28:12 - How Fintech helps small businesses to grow? 38:51 - Why do businesses fail? 42:16 - Every small business comes online or not? 43:34 - How can online businesses attract customers? 45:54 - 3 key attributes to make a startup successful 53:32 - How can people scale their business? 1:00:52 - Books every entrepreneur should read 1:04:34 - How are you helping offline businesses to grow? 1:09:46 - Why are small businesses not able to grow on a large scale? 1:12:13 - Next big industry in India? ........
About Raj Shamani Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
About Figuring Out Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India
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