Razorpay

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is an Indian fintech company that works on the B2B model and offers payment solutions to various businesses. It is headquartered in Bengaluru.

The cloud-based payment processing software allows businesses to accept payments via payment gateways, vendor payoffs and/or subscription plans. And businesses can use Razorpay to accept payments, process, and disburse them.

According to 6sense.com, 89.22% of Razorpay’s customers are from India followed by the United States at 5.31% and the United Kingdom at 1.09%.

According to the company’s website, it recorded over a billion transactions between April 2022 and March 2023.

Razorpay also offers and supports a wide range of payment methods that cater to the preferences of customers. This plays a crucial role in increasing the chances of successful payments.

With its subscription payment service, Razorpay also aids businesses collect recurring payments from customers. This is useful for businesses operating in the SaaS industry and for other subscription-based businesses.