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businesses with recurring billing models, it helps manage scheduled payments, create different pricing plans and track all payment activity from a single subscriptions platform • Razorpay Invoices and Payment Links: Designed as an interactive solution, it efficiently collect payments from customers for merchants who do not have a website or an app.
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20,000 businesses in January 2017 to 2,00,000 businesses in February 2019. Mathur points out “We power the payment acceptance of some of the largest businesses such as Airtel, Goibibio and Yatra, and top unicorns and startups in the country such as Zomato, Swiggy, Oyo and BookMyShow. But more important is the impact we have made on the ground level by enabling young startups to accept digital payments from
the very first day of business. We onboard 200300 startups each day. The scale and the traction is because we have improved the process significantly.” The proverbial cash registers, if they hadn’t been outmoded by the digital players like Razorpay, would be ringing.
It recently rolled out several new offerings: • Razorpay X is an AI driven API banking platform that enables businesses to manage all pay-outs such as salary, vendor payments and receivables on the Razorpay platform, doing away with the need to go to a bank’s portal. An extension of this is the exclusive X Club. Open only to the early-stage startups which are a part of the X platform, it connects them with mentors, coworking spaces, cloud-hosting platforms and other enablers. • Razorpay Capital, the lending platform, is integrated with the existing platform and offers both short-term working capital loans as well as long-term business loans. The loans are collateral free and promise instant settlements, which reduce operational gaps for businesses to 12 hours or less. “We are trying to solve all the challenges that a young startup faces, so that they can just focus on their business,” says Mathur. After a Series B funding, from the same set of investors, it began an aggressive reach to the market, and fast tracked its growth, going from
www.razorpay.com
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