History of Razorpay
Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar, with the goal of simplifying payment processes for businesses in India. The company aimed to provide an easy, secure, and efficient way for businesses of all sizes to accept and manage payments online. Razorpay quickly became one of India’s leading payment gateway providers by offering a wide range of features such as support for multiple payment methods, easy integrations with websites and apps, and advanced analytics for business owners.
The company expanded its offerings beyond payment processing to include solutions for managing subscriptions, lending, and financial tools for businesses. By introducing products like RazorpayX and Razorpay Capital, the company catered to the evolving needs of modern businesses. Razorpay’s growth and innovation made it a key player in the Indian fintech space, attracting investments from prominent investors like Tiger Global, Sequoia India, and Y Combinator.
Today, Razorpay is recognized as one of the top fintech companies in India, serving thousands of businesses from startups to large enterprises. The company's continuous focus on innovation, customer satisfaction, and its ability to adapt to the fast-paced digital payment ecosystem has helped it maintain a dominant position in the competitive market.