It’s great time to fintech startup as news come razorpay net worth $9 billion after fund rises as a fintech startup . razorpay net worth
fintech Razorpay has raised $375 million in fresh funding from Lone Pine Capital and others at a valuation of $9 billion, which has more than doubled since the fintech major’s last funding round in April this year, its co-founder and CEO Harshil Mathur said.
The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series F financing round. The new round, which brings more capital to the startup than all its other previous financings put together, was co-led by Lone Pine Capital, Alkeon Capital and TCV.
razorpay net worth $9 billion after fund rises as a fintech startup
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Company profile fintech startup :
- Founded – Dec 2014
- Founders – Harshil Mathur, Shashank Kumar
- Legal Name Razorpay, Inc.
- Company status – Unicorn listed
- Headquarters Regions- Asia-Pacific (APAC)
- Employees – 1,668
| Date and Year | Funding Series | Fund Raises | Key investor in series |
| Dec 19, 2021 | F | $375M | Alkeon Capital, Lone Pine Capital, TCV |
| Apr 19, 2021 | E | $160million | GIC, Sequoia Capital India |
| Oct 12, 2020 | D | $100million | GIC, Sequoia Capital India |
| Jun 18, 2019 | C | $75million | Ribbit Capital, Sequoia Capital India |
| Jan 15, 2018 | B | $20million | Tiger Global Management |
| Oct 27, 2015 | A | $9million | Tiger Global Management |
| Mar 23, 2015 | Seed | $2.6million | ………….. |
Fintech and its importance fintech startup as news come razorpay net worth $9 billion after fund rises as a fintech startup –
Fintech means financial technology, which means that when you complete your financial work with the help of technology, it can be called fintech and the company that completes this task is called fintech company.
In other words it is the implementation of traditional financial services and modern technology in managing the financial aspects in various companies and businesses.
In earlier times, register had to be maintained to withdraw money from the bank, which also took a lot of time. But now with the use of technology in the banking system as well, the core banking system has come into vogue and the transaction of money has become easy, we can also call it fintech.
For example, UPI or BHIM app, which is a part of financial technology, solves the problem of sending money instantly.
Fintech companies have been instrumental in bringing banking services to every nook and corner of the country due to their innovation. This is the reason that now banks have started considering them as partners, not their rivals.
If you pay for radio taxi fare or restaurant bill payment not in cash but through Paytm then you have become a part of Fintech Revolution in the country. Razorpay Net Worth $9 Billion | Company Profile, Founder – TTB Business