Razorpay
Description
Razorpay is a platform that enables businesses to accept, process, and disburse payments.
Overview
| Foundation year: | 2014 |
| Location: | Bangalore, Karnataka, India |
| Founders: | Harshil Mathur, Shashank Kumar |
| Website: | https://razorpay.com/ |
Target geographic market:
India
About Product/Service
| Volume of Transactions in 2019 | $3B |
|---|---|
| Regulators/Compliance | PCI, GDPR, Personal Data Protection Bill, 2018 (" PROPOSED LAW") |
| Valuation | USD 75M |
| Pricing | "2% per transaction Indian Credit Cards, Indian Debit Cards, Net Banking from 58 Banks, UPI, Wallets including Freecharge, Mobikwik etc. 3% per transaction Diners and Amex Cards, International Cards, EMI" |
| The Base Currency | USD |
| Number of Currencies Supported | 92 |
| Product cost | - |
|---|---|
| PCI compliance |
Key people
Funding rounds
| Last Funding Date | Oct 12, 2020 |
|---|---|
| Last Funding Type | Series D |
| Total Funding Amount | 206,600,000 |
| Number of Funding Rounds | 6 |
Financials
| Estimated revenue | $10M to $50M |
|---|---|
| Number of investors | 30 |
| Number of lead investors | 5 |
| Names of lead investors | "Y Combinator Matrix Partners Tiger Global Management Sequoia Capital India Soma Capital Matrix Partners India GMO VenturePartners Ribbit Capital MasterCard Brad Flora Justin Kan Kunal Shah Eric Kwan Kunal Bahl Rohit Bansal Tikhon Bernstam Ram Shriram Sandeep Tandon Amit Gupta Naveen Tewari Hiro Mashita Anshu Sharma Anand Swaminathan Jeff Huber Abhay Singhal Michael R. Sutcliff Punit Soni Bill Gajda Jeff Ferguson" |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Monzo Monzo (previously Mondo) is a digital, mobile-... | 2015 | Private | fintech, challenger banks |
x Tide Tide is a business banking platform dedicated to... | 2015 | Private | Challenger banks, fintech |
x Trezeo Trezeo also enables (platform) companies to... | 2016 | Private | Challenger banks, fintech |
x Dave Dave is a leading US challenger bank on a mission... | 2016 | Private | challenger banks, fintech |
x Monese We’re reimagining the way banking works. We make... | 2013 | Private | fintech, challenger banks |
