Hi PH 👋🏻, I'm Akash, the Co-Founder of Cashfree (YC S17). It's always exciting to share our latest product launch 🚀 with the PH community and receive critical feedback and support. Brief background ⏳: We launched our API Banking platform Payouts 💸 last year on PH. Payouts lets businesses send money round-the-clock ⏰ and instantly to bank accounts, UPI, PayTM and cards with a simple integration in their product, instead of uploading complicated files on their corporate banking portals. Payouts is now used by thousands of businesses 💪 for use cases like vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty & rewards. More than 10 million accounts have received a Payout via Cashfree. Over the course of running Payouts, we identified 🧐 new opportunities to improve the banking experience for businesses. Support for sending Payouts to users straight from the bank account of businesses was not present earlier. We also figured that businesses spend a good amount of time reconciling their bank account statements -- often across multiple banks -- which are not accessible in a user-friendly way 😣 Many debit and credit entries go unreconciled and often become a drag for finance teams. We created Payouts DIRECT 🙌 to provide the best business banking experience to internet companies for key operations. Using Payouts DIRECT, businesses can link all their bank accounts; automate Payouts to thousands of users per day; pull and reconcile their bank statements and derive insights from their banking data 📊 Payouts DIRECT connects your product or ERP to the banking system via APIs and removes the need to switch between bank accounts by tracking all banking operations on a single interface 😎 Key Features: a) Link multiple bank accounts with Payouts DIRECT. b) Instant transfers 24x7, even on bank holidays 🏖 c) Let your bank account handle the scale of your business -- Send upto 1 Million payouts per day 😮 d) Pull bank statements for linked accounts. Run search queries using UTRs, account numbers, tags and remarks. e) Gain insights on Payouts and Collections e.g X amount was sent to payee Y in last 6 months OR total of XX amount was paid out as salaries in last quarter 📋 f) Fine grained access control. Grant portal access to new users on-demand 🛠 g) Developer friendly APIs. Connect Payouts DIRECT with any third party ERP or software. h) Plugins for major accounting tools (SAP, ORACLE, TALLY) (Yet to be made public) Excited to hear from you all 😊 Do share your feedback or questions in the comment section 👇

@sha26. I really like the, "instant transfers 24x7, even on bank holidays". Interesting!

amazing product by FinTech startup from India. Have been using them from more than 2 years now.

Sounds like it'll take away payments pain.

Should be good to enable more banks.

Pros:

Easy integration. Fast onbaording.

Cons:

None.

Good Luck

Pros:

Easy Payments, 24x7 Availability, Trusted Infrastructure

Cons:

Nothing

Looks super promising! Congrats on shipping! Do you guys do recurring international payments (without OTP)? If yes, would be a boon to SaaS companies based out of India!

is this the website is fully secure ?

Much needed solution to help navigate bank account statements and process bank transfers. All the best

Been following Reeju for a long time. This addresses a long standing pain in Indian fintech

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Pros:

Easy to integrate and great product

Cons:

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Using this product for a while, never had a problem. Have a question regarding tracking the URL back to source.,