Razorpay Company Wikipedia, Founder

Overview
Razorpay is an Indian fintech startup that provides merchants, e-commerce platforms, and vendors with payment gateway services. Founded in 2014 by former IIT Roorkee grads Shashank Kumar and Harshil Mathur, the Bangalore, India-based business has expanded to become a major force in the online payments sector.

Past Events
Razorpay was first created by Shashank Kumar and Harshil Mathur at IIT Roorkee while they were working on a crowdfunding website. Seeing the difficulties small and medium-sized enterprises (SMBs) and e-commerce organizations encountered while accepting payments online, they made a 180-degree turn and founded Razorpay to give new businesses a simple payment gateway solution.

Novelties and Collaborations
To assist MSMEs during the economic crisis, Razorpay launched Cash Advance, a line of credit without collateral, during the COVID-19 epidemic in 2020. To improve the customer experience with payments, Razorpay also introduced UPI Autopay, a recurring payment system, in partnership with the National Payments Corporation of India (NPCI).

Acknowledgement and Results
Razorpay's endeavors have been acknowledged as the company is ranked sixth on LinkedIn's list of the top 10 startups. Razorpay and Mastercard teamed together in 2021 to provide MSMEs with digital payment support by fusing Razorpay's payment capabilities with Mastercard's digital banking solutions.

Finances Travel
Razorpay has raised a sizable amount of money since its founding to support its expansion. The startup received funding and coaching as part of its participation in Y Combinator's W15 cohort in 2015. Razorpay then obtained Series A and seed money from well-known investors including Matrix Partners India and Tiger Global Management. With investments from Sequoia Capital India, GIC, Ribbit Capital, Tiger Global, and other investors, the company raised further rounds of funding over the years, including Series C, D, and E.

In summary
Razorpay's ascent from startup to unicorn status is indicative of its commitment to transforming online payments in India. Razorpay continues to assist businesses, especially MSMEs, in managing the digital landscape and advancing financial inclusion through creative solutions, tactical alliances, and significant funding. Razorpay continues to be a key actor in the fintech ecosystem, influencing online payments in India and other countries as it advances.