Companies
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Razorpay
Fintech
Razorpay is a Bangalore-based payment processing and business banking platform that lets Indian businesses accept online payments and manage their finances.
$4.91B
+$134.51
2,619.73%
30 days ago
$5.13
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Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar, entering the Indian payments infrastructure market based on the observation that Indian businesses, particularly smaller ones, historically faced a cumbersome, multi-week process to gain approval to accept online payments through India's traditional banking system, motivating the founders to build a considerably simpler and faster payment gateway onboarding and integration experience specifically suited to India's distinctive and rapidly evolving digital payments landscape, including widespread adoption of India's Unified Payments Interface, or UPI, a real-time payment system that has become the dominant way many Indians transact digitally. Razorpay has expanded significantly beyond its original payment gateway product into a broader business banking and financial operations platform for Indian businesses, including current accounts, payroll processing, vendor payments, and lending products, reflecting a strategy of becoming an increasingly comprehensive financial operating system for Indian businesses rather than only a payment processing tool. The company has navigated India's complex and evolving financial regulatory environment, including obtaining various licenses required to expand into banking-adjacent financial services beyond pure payment processing, positioning itself as one of the most prominent Indian fintech infrastructure companies as India's overall digital payments volume has grown dramatically in recent years. Razorpay has raised substantial venture funding from investors including Sequoia Capital India, Tiger Global, and GIC, reaching a valuation exceeding $7.5 billion, competing with other Indian payment infrastructure companies including PayU and Cashfree.
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