Razorpay, a fintech company founded by Lone Pine Capital, Alkeon Capital, and TCV, has secured $375 million in a Series F round led by Lone Pine Capital, Alkeon Capital, and TCV, and plans to extend its B2B payments business to Malaysia, Vietnam, Indonesia, and the Philippines by next year.
Existing investors such as Tiger Global, Sequoia Capital India, Y Combinator, and GIC participated in Razorpay’s series F investment.
The money will be used to help Razorpay become a full-stack financial solutions firm by 2022, as well as expand its business banking suite, RazorpayX, and offer additional banking options.
The firm claims it expects to reach $90 billion in total payment volume (TPV) by the end of 2022, up from $60 billion in December 2021.