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Press background on Razorpay
Company profile
Razorpay, a full-stack financial services company helps Indian businesses with comprehensive and innovative solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Established in 2014, the company provides technology payment solutions to over 8Mn businesses. Founded by alumni of IIT Roorkee, Shashank Kumar and Harshil Mathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y-Combinator. Marquee investors such as Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y-Combinator and MasterCard have invested a total of $741.5 Mn through Series A to F in funding. A few angel investors have also invested in Razorpay’s mission to simplify payments and banking and redefine how finance works in India.
 Recent press releases
Razorpay Continues to Hire, Aims to Build Fintech Solutions to Counter this Global Crisis

Razorpay, the leading full stack financial solutions company, today announced that they will continue to hire for critical roles across Product and Engineering teams. In the wake of restrictions imposed due to the COVID-19 pandemic, an increasing number of businesses are considering adopting online... (more)
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Citizens Come Together to Support Battle Against COVID-19, Online Donations Increase by 180%, says Razorpay

Utilities (Bill Payments), IT & Software and Media & Entertainment grew by 73%, 32% and 25% respectively, due to social distancing
Tier-2 and 3 cities have started adopting digital payments, sharp increase in share of wallets like JioMoney and Paytm
Gujarat, Tamil Nadu... (more)
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Razorpay will not Play a Prank Today, Does this Instead

Razorpay will not be pranking its users this time. This year, in the midst of a global pandemic, the leading full stack financial solutions company has decided to take a step back from pranking people to launch the #DistancingSavesLives campaign. 
 
To help India flatten t... (more)
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Coronavirus Leads to 30% Drop in Online Travel Bookings, 9% Rise in Grocery Purchase: Razorpay

Razorpay, the leading full-stack financial solutions company, today shared insights about the impact of the Coronavirus (Covid-19) outbreak on digital payments in India. The insights are based on transactions held on the company’s platform between February 2020 and now.
 
... (more)
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Gaming Emerges as One of the Top Sectors in 2019: Razorpay’s ‘The Era of Rising Fintech’ Report

Digital transactions grew by 338% from 2018 (Jan-Dec) to 2019 (Jan-Dec)
UPI registered a massive growth of 885% from 2018 (Jan - Dec) to 2019 (Jan - Dec)
 
Razorpay, the leading full-stack financial services company, recently launched the fourth edition of &lsq... (more)
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No More 5-7 Business Days for Refunds, Razorpay Launches Instant Refunds

Amping up the online payment experience for consumers, Razorpay, the leading full-stack financial services company, today launched a new product, Instant Refunds for businesses. This new feature activates refunds and credits the customer’s source account across payment methods such as Cr... (more)
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Razorpay Onboards American Express Executive, Arpit Chug as its CFO

Razorpay, the leading full-stack financial services company, today announced the appointment of its Chief Financial Officer (CFO), Arpit Chug.
 
The former American Express India CFO, Arpit Chug will be responsible for scaling up Razorpay’s Lending arm - Razorpay Capit... (more)
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Razorpay Recognised as the ‘Most Innovative Payment Start-up’ at IFTA 2019

RazorpayX, the neo-banking platform, won the ‘Most Innovative Fintech Product’
Harshil Mathur, Co-founder and CEO honoured as the ‘Fintech Leader of the Year’
 
Delivering innovation that empowers businesses, Razorpay, the neo-banking pla... (more)
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Razorpay Exhibits Towering Growth - Offers ESOP Buyback for Second Time in a Year

The company has grown by 500% in the last one year
Reinforces commitment towards continuous investment in its strong workforce 
 
Razorpay, India’s first converged payments solution company, today announced the implementation of the second ESOP Buyb... (more)
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Customer Demand for Digital Payments Booming, Grew by 106% in the Last 9 Months: Razorpay’s ‘The Era of Rising Fintech’ Report

India witnessed a 383% growth in digital transactions (April FY’18 - March FY’19)
With 25%, Food and Beverage sector had the highest adoption of digital payments
From January to September, 2019, UPI transactions spiked up by 222%
 
Razorpa... (more)
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