Bangalore-based fintech startup Razorpay has raised $ 160 million in a Series G funding round, led by Singapore’s GIC, along with existing investors Covid-19-focused Ribbit Capital and Sequoia Capital India. This investment brings the total funding of the company to $ 306 million.
Razorpay’s Focus on SMBs
Razorpay’s disruptive payment product for SMBs has attracted several investors to its Series G funding round. The company’s products are designed to facilitate convenient, secure payments for SMBs,
which helps them to get paid faster and easier. The payments offered include digital The main advantage of Razorpay’s products is its ability to accept payments from international customers and banks. In addition to that, it also enables SMBs to create online stores and gather insights into their customer data.
Innovations in Razorpay’s Payment Platform
The company has been continuously innovating its platform to make it easier for the customers to pay. Some of its key features include the ability to accept payments in native currencies, as well as through Diuspay, a global payment gateway provider.
Razorpay has also integrated with major Ola and Swiggy for digital payments. In addition to this, it has also partnered with banking institutions to make it convenient for businesses to receive payments. It also allows businesses to offer collateral-based lending plans and accept international payments.
Razorpay’s Partnerships and Acquisitions
Razorpay has also been active on the partnership front in recent times. It has made strategic partnerships with ZipGo, HehePay, Uppcl, KCB Bank and HPCL to provide its services to customers.
Recently, it acquired India-based payment collection provider RazorpayX, which will help the company to further expand its offerings to the small and medium business segment.
Additional Funding and Potential Growth
The additional funds generated by the Series G funding round will be used to increase their focus on the SMB segment and to strengthen operations across the Asia Pacific Region. This funding will also fuel potential growth in their merchant services portfolio, as well as provide support for their upcoming projects.
Razorpay is the leading payment solution provider for small and medium businesses in India. The Series G funding round and the strategic partnerships made by the company will further expand its offering to SMBs, helping them to receive payments faster, gain insights into customer data, and access digital payment solutions.
- Who led the Series G funding round for Razorpay?
Singapore-based GIC led the funding round for Razorpay.
- What are the features of Razorpay’s payment product for SMBs?
Razorpay’s payment product for SMBs includes digital payments, ability to accept payments from international customers and banks, ability to create online stores, and insights into customer data.
- What is bangalorebased smbs 160m series gic sequoia?
Bangalore-based fintech company Razorpay has received $160 million in a Series G funding round, led by Singapore’s GIC, along with existing investors Covid-19-focused Ribbit Capital and Sequoia Capital India.
- What is bangalorebased razorpay smbs 160m series sequoia?
Bangalore-based fintech startup Razorpay has secured $160 million in a Series G funding round, led by Singapore-based GIC, along with existing investors Covid-19-focused Ribbit Capital and Sequoia Capital India.
- What are some innovative features of Razorpay’s payment platform?
Razorpay’s payment platform features include the ability to accept payments in native currencies and through Diuspay, a global payment gateway provider; integration with Ola and Swiggy for digital payments; and partnership with banking institutions to make it convenient for businesses to receive payments.