“Can a payment gateway become India's full-stack financial OS for digital-first businesses — covering acceptance, banking, payroll, lending and cards — before global platforms or Indian banks catch up?”
Founded 2013 as a developer-friendly payment gateway for Indian businesses, Razorpay evolved into 'Razorpay 2.0' in 2017 — a converged payments platform covering acceptance, disbursal and reconciliation. Subsequent expansion into RazorpayX (business banking, payouts, corporate cards), RazorpayX Payroll (via the Opfin acquisition), and Razorpay Capital (lending) repositioned it as India's full-stack financial OS for SMBs. International expansion into Malaysia (Curlec acquisition) and Singapore (PCI-DSS certified entity) precedes its 2025 IPO filing.