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Cashfree Funds conducts first ever hackathon ‘Swap On’ to foster tradition of innovation and collaboration

  • The successful crew awarded money award of INR 3 lakh and all-expenses paid journey to International DevSlam, October 2022

Bengaluru, India, Sept. 19, 2022 /PRNewswire/ — Cashfree Fundsa number one fee and API banking options firm, at the moment, introduced the winners of its cross-team Hackathon — Swap On: The Gateway to Innovation! With this occasion the corporate meant to supply a possibility to its multidisciplinary groups to show their abilities, develop new initiatives in report time and change on their creativity past on a regular basis work.

The hackathon was targeted on 4 themes: Cashfree Funds merchandise++ (enhancements to the prevailing merchandise), finance, crew productiveness, and safety. All through the course of the occasion, the individuals had been assisted by 20 mentors. The individuals had been evaluated on the premise of innovation, vital pondering and problem-solving abilities by 35 judges. The panel of judges and mentors pool consisted of the CXOs and senior management at Cashfree Funds.

Akash Sinhaco-founder & CEO of Cashfree Funds, stated, “It offers us immense pleasure as we efficiently conclude our very first hackathon – ‘Swap On’ – a quest for modern minds to develop inventive options for real-time enterprise and technical challenges. The distinctive format of hackathon has definitely contributed in boosting collaboration throughout groups and fostering studying and talent improvement as groups labored on devising enhanced options, product concepts, and presentation abilities.

I’ve additional added, “Our intention has at all times been to foster a tradition of innovation and collaboration, and actions like these contribute considerably. Above all, they result in worker delight and make the office extra enjoyable. The eventful previous few years have offered us with alternatives to create high quality merchandise preserving the very best pursuits of our clients in thoughts. Therefore, we have now laid a particular emphasis on innovation to boost our operational capabilities and product supply. We consider that this hackathon has certainly given impetus to this mindset.”

The successful crew, Flawless Tremendous Sonics, acquired a money award of INR 3 lakh together with an all-expenses paid journey to International DevSlam in dubai in October this yr for his or her successful proposal. Workforce SDE – Sleep Disadvantaged Engineers was the primary runner-up and acquired INR 2 lakh, and Workforce Its HR Factor secured the second runner-up place and acquired INR 1 lakh. Moreover, the agency additionally awarded prizes to the 4th and fifth finalists, along with a number of particular prizes.

The hackathon’s guidelines stipulated that the groups will need to have a minimal of two and most of 5 members. The occasion served as a stimulus for crew collaboration because it required that every crew embrace at the least one particular person from exterior the Engineering and Product area. Cashfree Funds acquired registrations from 55 groups for the hackathon occasion, out of which 52 groups had been shortlisted primarily based on the eligibility standards.

With over 50% market share amongst fee processors, Cashfree Funds at the moment leads the best way in bulk disbursals in India with its product Payouts. Just lately, Indian’s largest lender, SBI invested in Cashfree Funds underscoring the corporate’s position in constructing a sturdy funds ecosystem. Cashfree Funds works intently with all main banks to construct the core funds and banking infrastructure that powers the corporate’s merchandise and can also be built-in with main platforms comparable to Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Other than IndiaCashfree Funds merchandise are utilized in eight different nations together with the USES, Canada and UAE.

About Cashfree Funds:

Cashfree Funds is a number one fee and API banking options firm. It supplies full-stack fee options enabling companies in India to gather funds and make payouts by way of all accessible strategies with easy integration. Cashfree Funds’ choices embrace a complicated and straightforward method to combine fee gateways, a cut up fee resolution for marketplaces, checking account verification API and Auto Accumulate — a digital account resolution to match inbound funds to clients. Based by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the many main fee service suppliers in India processing transactions value $40 Billion yearly. It has leveraged know-how to steer fee disbursals in India with greater than 50% market share amongst fee processors. Cashfree Funds allows greater than 1,50,000 companies with fee collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Other than IndiaCashfree Funds merchandise are utilized in eight different nations together with the USES, Canada and UAE. Cashfree Funds is backed by Silicon Valley investor Y Combinator, Apis Companions, State Financial institution of India (SBI) and was incubated by PayPal.

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SOURCE Cashfree Funds

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