Razorpay

Razorpay is India's full-stack financial solutions company which is dedicated to upgrading the payment experience for 300 million consumers. Their goal is to allow businesses of all sizes to streamline digital payments effortlessly. 

• Founders: Harshil Mathur, Shashank Kumar
• Founded: December 2014
• Headquarters: Bangalore, Karnataka, India

Key Features:

• It supports a wide range of payment methods including credit/debit cards, UPI, net banking, and digital wallets.
• Helps small businesses manage cash flow and finance growth initiatives by providing them with lending solutions.
• They offer a fast and secure way for merchants, e-commerce, schools, and other companies to accept and spend payments online.
• Includes RazorpayX, a business banking hub that provides services like vendor payments, payroll management, and expense management.

It is funded by 32 investors, the most recent ones are Axevil Ventures and Salesforce Ventures. It has raised a total funding of $816.3M over 10 rounds. Their latest funding was raised on May 9, 2022, from a Secondary Market round.

FAQs

1. Is Razorpay safe?

It implements various security measures including data encryption and verification, fraud detection and monitoring, compliance and certifications.

2. Can one use Razorpay from the USA?

Yes, the platform supports payments from over 100+ countries including the UK, USA, Australia, UAE, and Canada.