Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 23 companies across 3 categories.
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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.
Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/razorpay/install" width="1" height="1" alt="" style="display:none">23 companies disclose Razorpay in their stack in the Embedded Finance Index 2026, including Omnify, Hellobooks, Dokan, Northern Arc, HDFC Bank, Juspay, Upi Switch, Contlo, GoStuds, Gr4vy and 2 others.
Razorpay is an embedded-finance provider in PSP, FX / Payouts and Spend / AP. It ranks #20 of 538 PSP providers by disclosed buyers.
The most-disclosed PSP alternatives to Razorpay are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).
Razorpay was founded by Harshil Mathur and Shashank Kumar and is founded in 2013, headquartered in Bangalore, Karnataka, India.
Razorpay has raised $741.5M+ (reported) in total.
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