Razorpay is a payments company that provides payment gateway to online merchants in India.
Razorpay allows online businesses to accept, process and disburse digital payments through several payment modes like debit cards, credit cards, net banking, UPI and prepaid digital wallets.
Razorpay was founded in 2014 by Shashank Kumar and Harshil Mathur and is headquartered in Bangalore, India with additional offices in Delhi & Mumbai.
Razorpay payment solutions can be integrated by both web and mobile applications. It facilitates online payments by providing developer-friendly APIs and integration process. Other offerings include a comprehensive dashboard to manage payments, as well as other plugins and integration suites for all major backend technologies and e-commerce platforms.
Razorpay launched four products - Route, Smart Collect, Subscriptions and Invoices, which allow businesses to manage multiple aspects of money movement including collection, reconciliation, and disbursal. In February 2018, Razorpay has collaborated with Indian Railway Catering and Tourism Corporation (IRCTC) to help customers make online payments on latter's website and mobile app through UPI.
Razorpay is backed by leading investors such as Sequoia, Matrix Partners, Tiger Management, Ribbit Capital, Y Combinator, & Mastercard amog others. The company raised $18M from a Venture Round on Oct 4, 2019. The round brings Razorpay's total funding to $124.7M.