Razorpay is the only converged payments solution company in India that allows any business to accept, process, and disburse payments via its product suite. With Razorpay, you have access to all payment modes, including credit and debit cards, UPI, and popular mobile wallets.


IIT Roorkee graduates Shashank Kumar and Harshil Mathur quit their jobs at Microsoft and Schlumberger to start RazorPay, which was based out of Jaipur in its earlier days before moving its headquarter to Bengaluru. Kumar, who was hired by Microsoft as a software developer, where he worked on user management and authentication, believes that his experience at the tech giant gave him an edge while building Razorpay later.


After discovering the dismal state of online payments in India, Mathur quit his full-time job as a Wireline Field Engineer at Schlumberger to start Razorpay with Kumar.

“Our company’s mission is to simplify payments. We started in early 2014, and we are one of the fastest-growing payment companies.” asserts Mathur.

From the beginning, both the founders were very clear that they wanted to build something that will benefit the masses. Their mantra is: Always focus on solving a core 

problem that a lot of people around you are facing. In 2013, they started building a crowdfunding portal only to realize soon enough about the poor state of the online payment industry in India, especially for start-ups and SMEs. After facing many unpleasant experiences, they decided to shift focus to solve the problems around payments and provide a simple, affordable, and secure way for start-ups, SMEs, and organizations like schools, colleges, and training centers to accept online payments. Thus Razorpay was born in 2014.


Razorpay has raised a total of $124.7M so far in funding over 6 rounds. Its latest funding was raised on Oct 7, 2019, from a Venture – Series Unknown round. It has raised $75 Mn (INR 525 Cr) in the latest round led by Ribbit Capital, the US-based financial technology investment firm, and Sequoia India. Along with these, its existing investors New York-based Tiger Global Management and Y Combinator’s Continuity Fund also participated in this funding round.

With this funding round, the Bengaluru-based B2B Fintech start-up is now valued at approximately $450 Mn. The company plans to use the proceeds on strengthening its two new business lines — neo-banking platform Razorpay X and its lending arm Razorpay Capital.

“Today, over 3.5L disruptors are partnered with Razorpay to create the difference that we are here to make. This funding has come in at a time when Fintech and banking are evolving beyond payments and lending, and we would like to change the way businesses access banking products” said Harshil Mathur.

Razorpay founded by Shashank Kumar and Harshil Mathur in 2014, as a payment gateway service. Currently, it powers digital payments for over 200K small and large businesses, including Airtel, BookMyShow, IRCTC, Aditya Birla Capital, NSE, among others.

The B2B Fintech start-up claims a growth rate of 15-20% month-on-month on the merchant count. It was expecting the count to 450K by end of 2019.

In June 2019, Razorpay announced its support to 100 currencies for international digital payments such as U.S. Dollar (USD), European Dollar (EUR), British Pound (GBP), Arab Emirates Dirham (AED), and Singapore Dollar (SGD). With this offering, this B2B Fintech start-up aims to open new growth avenues for the MSME segment by enabling them to accept payments from other countries.

According to Ishaan Mittal of Sequoia Capital India, “Razorpay’s strength lies in their technology, people, and organizational culture.”

Micky Malka, Managing Partner, Ribbit Capital said, “The digital payments market in India is massive. We are excited to be part of a company that is building trust between the consumers and the retailers to enable payments to flow faster and more efficiently in India.”


Razorpay Announces its First Acquisition – Thirdwatch. Thirdwatch’s AI-driven solution empowers e-commerce businesses to fight fraud at scale and reduce RTO by a significant margin.

Razorpay CEO and Co-founder, Harshil Mathur, has to say about the acquisition: “This acquisition is a perfect fit. Our war is against cash, and hence we want to address all problems surrounding it through new integrated data science technologies. Fraud has been the albatross around e-commerce companies’ necks for the longest time, and we believe through this acquisition, we will empower e-commerce businesses to digitally transform and disrupt, by improving their response and redressal mechanisms of combating fraud.”

After a few months of 1st acquisition, Digital payments platform Razorpay has acquired cloud-based payroll management start-up Opfin. The acquisition will allow Razorpay to roll out a new HR automation product, primarily for the payroll process. It will also complement RazorpayX’s B2B banking product, which is a neo-banking platform targeted at businesses and corporates.

The digital payments start-up, along with its banking partner RBL, introduced a new corporate credit card targeted at start-ups and small and medium enterprises (SMEs). It seeks to solve challenges around access to credit, short-term credit, reconciliation, and expense filing for businesses.


Digital payment transactions in India have rebounded by 23 percent in the last 30 days, full-stack financial solutions company Razorpay said in a report on Monday.

The overall digital transactions declined by 12 percent in the last 101 days, compared to a 30 percent drop in the first 30 days of lockdown, said the report titled, “101 Days of Covid-19 Era: Impact On Digital Payments.”

“The digital payments industry couldn’t escape the pandemic crisis.  We witnessed a dip of 30 percent in online payments since the lockdown began, and now seeing a rebound of 23 percent over the last 30 days is a sign of gradual revival of the digital economy,” Harshil Mathur, CEO and Co-founder, Razorpay, said in a statement.

During the 101 days of lockdown, March 24-July 2, the online education sector grew by 23 percent as extended lockdown has led to a rise in demand for online courses.

Razorpay has started going deeper into the Indian financial services market during the global pandemic. Tiger Global and Y Combinator-backed this payment gateway startup has added a new product to its digital lending solutions for MSMEs as it looks to further tap into the credit needs of small businesses looking to recover from the Covid-19 crisis and overall economic gloom.

It has launched ‘Cash Advance’ – an unsecured line of credit for MSMEs to manage cash requirements prior to their customer payments. It would help them maintain constant cash flow and also repay the borrowed interest with flexible timelines.

Currently, there are more than a dozen startups offering credit to MSMEs including Capital Float, Aye Finance, Indifi Technologies, Lendingkart, FlexiLoans, etc in India.

The UK payments firm Sokin is looking for serious fintech action in India through a partnership with B2B Fintech Company Razorpay. Sokin will work with RazorpayX, the Indian firm’s neobanking arm, to provide its clients with a fully operational business banking service, including current accounts that can be integrated seamlessly with the Sokin’s simple app or online-based platform. It will allow multiple international transfers with no hidden costs, all for a fixed monthly fee. percent as extended lockdown has led to a rise in demand for online courses.