Search Results for: razorpay

Bengaluru based Fintech Simpl to Support 1,500 New Digital Commerce Merchants via RazorPay

Bengaluru based Simpl, a company that aims to make money simple, so that people can “live well and do amazing things,” has reportedly added 1,500 new merchants through digital banking platform Razorpay during the lockdown period (following the COVID outbreak). Simpl‘s partnership with Razorpay will… Read More

Indian Neobank RazorPay to Hire More Staff to Meet Rising Demand for Digital Payments Due to COVID-19

India-based digital bank RazorPay announced on May 11, 2020 that it’s planning to recruit more staff members for key positions across its engineering and product design teams. As previously reported, the banking challenger had revealed that there had been a significant increase in the number… Read More

Bengaluru-based Digital Bank RazorPay Reports “Tremendous Adoption” of Fintech and Virtual Payments Due to COVID-19

Bengaluru-based Digital Bank RazorPay reports that there has been a significant increase in the number of digital payments, following the Coronavirus (COVID-19) outbreak. RazorPay notes in its recent report that only a month into the nationwide lockdown in India, there has been a noticeable shift… Read More

Bengaluru-based Digital Bank RazorPay Introduces Instant Refunds to Enhance Customers’ Digital Payments Experience

Bengaluru-headquartered Razorpay, a digital bank startup, has introduced its Instant Refunds product, which aims to enhance its clients’ online payments experience. The newly-launched feature activates refunds and credits the user’s source account across several different payment methods including credit cards, net banking and UPI within… Read More

Y Combinator Alum Razorpay Secures US$9M Series A, Led by Tiger Global and Matrix Partners

The Indian fintech platform Razorpay has raised US$9 million in Series A funding led by leading VC firm Tiger Global, with participation from existing investor Matrix Partners, according to a release.  Including its US$2.5M seed funding round, the company’s total fundraise to date is US$11.5 million.  Funding will be used to build Razorpay’s product and… Read More

There were 28 Major Fintech Investment Rounds Finalized Last Week: Report

The Wealthtech and cryptocurrency-focused Fintech sectors recently attracted substantial investments through several investment rounds. During the past week, there were around 28 funding rounds in the Fintech space. Companies working in several key areas managed to secure funding including those focused on cryptocurrency, Wealthtech, payment,… Read More

Fintech Firms in India are Expecting to Make a Recovery from COVID within 6 Months: Report

Fintech companies in India are now expecting to make a recovery within the next six months, after being hit hard by the COVID-19 pandemic, which has led to many people losing their jobs and businesses shutting down. Indian Fintech firms including payments, lending and neobanking… Read More

Fintech Lenders in India are Trying to Implement RBI’s One-Time Loan Restructuring Scheme

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

Varanium Capital to Raise $28 Million for Early Stage Fintech Venture Fund

Mumbai-based Varanium Capital, an asset manager that provides investment and consulting services to public and private businesses, is reportedly planning to raise ₹200-crore (appr. $28 million) for a Fintech-focused early stage venture capital fund. The Varanium NexGen intends to strategically invest around ₹2-5 crore (each),… Read More

Stripe Follows PayPal’s Passage into India, Initiates Invite-Only Beta

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More

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