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Razorpay recognized among world's top fintech companies in payments category

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Razorpay logo
Date
Company
Razorpay
What it does
payments platform for businesses
Kind
Award
Based in
Bengaluru
Founded
2014
Sector
Financial Services

What they do

Razorpay is a payments platform for businesses, offering payment gateways, payout solutions, payroll automation, and gift cards

What happened

Razorpay was named among the world's top fintech companies in the payments category by CNBC and Statista for the fourth consecutive year

Why it matters

The company processes over a billion transactions every quarter and has expanded its services beyond payments to include financial infrastructure for businesses

The details

  • Razorpay, a payments platform for businesses, was named among the world's top fintech companies in the payments category by CNBC and Statista for the fourth consecutive year.
  • The company processes over a billion transactions every quarter and has expanded its services beyond payments to include financial infrastructure for businesses.
  • Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar, alumni of IIT Roorkee.
  • The company started in Jaipur before relocating to Bengaluru to be closer to the start-up ecosystem.
  • Razorpay's original thesis was to build for India's smallest start-ups and grow alongside them, as the payments market was perceived as saturated by established players.
  • The company has grown from a payment gateway into a broader financial platform, offering payment pages, payment links, Magic Checkout, RazorpayX, corporate cards, point-of-sale devices, marketing and engagement solutions, and several other offerings.
  • Razorpay's expansion was driven by customer needs, such as solving payouts, payroll automation, and gift cards.

The bigger picture

  • Razorpay's recognition by CNBC and Statista highlights its role in shaping how millions of businesses move money every day.
  • The company's growth strategy focused on solving problems for small start-ups, which later became large companies.
  • Razorpay's expansion into financial infrastructure was driven by customer needs, such as solving payouts, payroll automation, and gift cards.

About the business

  • Razorpay is a payments platform for businesses, offering payment gateways, payout solutions, payroll automation, and gift cards.
  • The company processes over a billion transactions every quarter and handles annualised payments of more than $180 billion.
  • Razorpay serves customers across India, Malaysia, and Singapore.
  • The company offers payment gateways, payment links, one-click checkout, RazorpayX, corporate cards, point-of-sale devices, marketing and engagement solutions, and several other offerings.
  • Razorpay's services include payment pages, payment links, Magic Checkout, RazorpayX, corporate cards, point-of-sale devices, marketing and engagement solutions, and several other offerings.

The deal

Type
other

Founders

  • Harshil Mathur, CEO and co-founder
  • Shashank Kumar, co-founder

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