AIPYMNTSabout 4 hours ago
Indian Payment FinTech Razorpay Planning $600 Million IPO
3 min read
Razorpay filed for a $600 million IPO aiming for a year-end market debut. The filing follows a $7.5 billion valuation from its 2021 $375 million funding round. Competitors include Paytm, PhonePe, Cashfree, and BillDesk. The company offers digital payment processing via card, wallets, and UPI with transaction fees to merchants. Razorpay expanded into merchant lending and payroll management.
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