in

Razorpay raises $375M in Series F at a valuation of $7.5B

The Bengaluru-based startup’s CEO and co-founder said part of the funds will be used to expand to Southeast Asia next year.

Razorpay
Razorpay

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.

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
BIZONGO

Bizongo raises $110M led by Tiger Global

Cars24

CARS24 raises $400M funding