In December last year, Razorpay POS announced it achieved a 60 per cent growth in FY23, contributing to nearly 10 per cent of the company's overall revenue. Razorpay New Update: Fintech Platform Launches Industry-First ‘Instant Refunds’ Feature on Failed UPI Transactions.
Synopsis
In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently became an unicorn.
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Razorpay has also announced a fund of Rs 1 crore to give as grants to developers, encouraging them to build unique solutions that will further strengthen the fintech infrastructure.
NEW DELHI: Newly crowned fintech unicorn, Razorpay, has announced its plans to achieve $50 billion TPV (Total Payment Volume) by the end of 2021. The company launched a string of products, aimed at empowering the digital growth of small businesses in India. These products were launched at the third edition of FTX, its fintech conference.
Razorpay launches app store and a slew of products; targets TPV of $50B by 2021
Launching a range of products, including an app store, new fintech unicorn Razorpay announced its plans to achieve $50 billion total payment volume by the end of 2021 to further solidify its position as one of the largest full-stack fintech companies in India.
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Razorpay, the Bengaluru-based fintech unicorn, announced at its flagship fintech conference FTX that it plans to achieve
$50 billion in Total Payment Volume (TPV) by the end of 2021. The startup announced a slew of products towards achieving this end. There has been a lot of innovation made in the B2C financial services and fintech spaces. The SME and B2B space has a long way to go. Our recent fundraise was to build a suite of products to help startups and small enterprises. [We] aim to empower the next phase of digital growth for small businesses in India, said Harshil Mathur, Co-founder and CEO, Razorpay, in a c