Indian Fintech Giant Razorpay Valued at $7.5 Billion in $375 Million Funding

TechCrunch

“Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings. 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… Razorpay accepts, processes for – and disburses money to – small businesses and enterprises. It also operates a neobanking platform, through which it offers credit cards and working capital to businesses . It also offers an international payments gateway that supports over 90 currencies.”