Razorpay

About

Razorpay is one of India's largest fintech companies, offering an all-in-one payment gateway, business banking, payroll, and financial management platform. Founded in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar, Razorpay helps startups, enterprises, eCommerce businesses, freelancers, educational institutions, and SMEs accept, manage, and automate online payments through a single dashboard. The company is backed by investors such as Y Combinator, Sequoia Capital, Tiger Global, Ribbit Capital, Matrix Partners, and GIC. Today, Razorpay processes billions of dollars in digital payments every year and supports businesses with payment collection, automated payouts, recurring billing, working capital, payroll, and current accounts through its growing financial ecosystem. Razorpay Details Attribute Details Primary Services Online Payments, Payment Gateway, Business Banking, Payouts, Payroll, Lending Supported Countries Primarily India, with international payment support for eligible businesses Supported Currencies Indian Rupee (INR) and multiple international currencies for cross-border payments Payment Methods Supported UPI, Credit Cards, Debit Cards, Net Banking, Wallets, EMI, Buy Now Pay Later (BNPL), Bank Transfers Developer APIs REST APIs, SDKs, Webhooks Security Features PCI DSS Compliance, SSL Encryption, Fraud Detection, Tokenization, Secure APIs Major Investors Y Combinator, Sequoia Capital India (Peak XV Partners), Tiger Global, Ribbit Capital, Matrix Partners India, GIC Awards & Recognition One of India's leading fintech and digital payment companies Key Products Razorpay Payment Gateway, RazorpayX, Razorpay Capital, Razorpay Payroll, Payment Links, Payment Pages, Smart Collect, POS, Route, Invoices Razorpay Key Features • • Accept payments through UPI, credit cards, debit cards, net banking, digital wallets, EMI, BNPL, and bank transfers. • Securely collect online payments with a fast checkout for websites, mobile apps, SaaS platforms, and online stores. • Manage current accounts, vendor payments, payroll, bulk payouts, bank transfers, and financial operations from one dashboard. • Automate recurring payments for SaaS, OTT platforms, memberships, coaching, online courses, and subscription businesses. Razorpay Regulatory Licenses and Compliance Razorpay is a completely licensed and RBI-regulated financial infrastructure provider. These licenses enable Razorpay to facilitate online, cross-border, and physical store payments in accordance with RBI regulations. Regulatory Licenses • • Payment Aggregator – Online (PA-O): Approved in December 2023 for online payment gateway services. • Payment Aggregator – Cross-Border (PA-CB): Approved in December 2025, enabling businesses to accept and send payments in 130+ currencies. • Payment Aggregator – Physical (PA-P): Approved in January 2026 for Razorpay POS and in-store payment solutions. Compliance • • KYC: Merchants must complete PAN, GST, and digital KYC verification. • Data Security: Certified under PCI DSS v4.0.1 and follows RBI data localization rules. • Customer Support: Follows RBI guidelines for grievance resolution, re-KYC, and merchant verification. Relevance to the crypto and blockchain industry • • Bridges traditional finance (TradFi) and Web3 through fiat payment infrastructure. • Enables compliant fiat on-ramp experiences for blockchain businesses and digital asset platforms. • Supports payment acceptance for NFT, GameFi, DeFi, and blockchain SaaS businesses where regulations permit. • Provides enterprise-grade APIs that blockchain companies can use alongside crypto payment solutions. • Helps Web3 businesses streamline payments, payouts, and subscriptions.

Team (2)

• Harshil MathurCEO and Co-founder
• Shashank KumarMD and Co-founder

Funding

• Series F to ZLone Pine Capital37,50,00,00019 Dec 2021
• Series F to ZAlkeon Capital37,50,00,00019 Dec 2021
• Series F to ZTCV Investment Firm37,50,00,00019 Dec 2021
• Series F to ZGIC Firm37,50,00,00019 Dec 2021
• Series F to ZTiger Global Management37,50,00,00019 Dec 2021
• Series F to ZY Combinator37,50,00,00019 Dec 2021
• Series F to ZPeak XV37,50,00,00019 Dec 2021
• Series EGIC Firm16,00,00,00019 Apr 2021

+22 more rounds

FAQs