Tag: Razorpay

Razorpay Announces Plans to Achieve $50 Billion TPV by 2021

Razorpay Announces Plans to Achieve $50 Billion TPV by 2021

Banking, Finance, Insurance, News
New Delhi, Dec. 18, 2020: Razorpay today announced its plans to achieve $50 Billion TPV (Total Payment Volume) by the end of 2021 and further solidify its position as one of the largest full-stack fintech company in the country. The company launched a string of products, aimed at empowering the next phase of digital growth for Small Businesses in India. These products were launched today at the Third edition of FTX, its flagship fintech conference that brought together 50+ thought-provoking speakers and was virtually attended by 10,000+ fintech enthusiasts from across the globe.  With most of the country slowly reeling back to normalcy, it's encouraging to see 75% SMBs recognising the importance of going digital to revive their businesses. Even the freelancer economy is flourish...
Razorpay Raises $100 Million in Series D Funding Round

Razorpay Raises $100 Million in Series D Funding Round

Investment, News
Mumbai, Oct. 12, 2020: Razorpay today announced its Series D fundraise of $100 Million, giving the company more than $1 Billion in valuation. This round was co-led by GIC, Singapore’s sovereign wealth fund and Sequoia India, along with participation from Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners.  Razorpay helps businesses modernise their financial infrastructure by providing intelligent automated payment and banking solutions to manage their entire money flow, while they focus more on their strategic functions. The new funding gives Razorpay $206.5 Million in investments since its inception in 2014, That includes its recent raise, a $75 Million in Series C in 2019. Razorpay plans to use the new funding to further strengthen and accelerate its two new product...