Archive · 3 Aug 2026
Razorpay’s Growth: From Start‑up Payments to Full‑Stack Fintech
Razorpay is a big Indian fintech company that started in 2014 to help tiny start‑ups pay and get paid.
It grew by adding new tools like payroll, gift cards, and corporate cards.
The company now handles more than a billion payments each quarter and has over $180 billion in yearly transactions.
Its founder, Harshil Mathur, says the most important thing is to give real value to customers, not just to make the company worth a lot of money.
Razorpay’s success is helped by India’s digital payment system called UPI, which lets many businesses use the same payment network.
The company keeps building new products for businesses, not for everyday shoppers, and it wants to help start‑ups become big companies.
Razorpay, founded by Harshil Mathur and Shashank Kumar in 2014, grew from a payment gateway to a multi‑product fintech platform serving over 80% of India’s unicorns.
The company’s early focus was on small start‑ups, offering payment solutions that later expanded to payouts, payroll, gift cards, and corporate cards.
Razorpay processes more than a billion transactions quarterly, handling annualised payments exceeding $180 billion, and became a unicorn in 2020.
Founders emphasize creating customer value over valuation, citing early UPI adoption and continuous product innovation as key drivers of long‑term success.
Razorpay’s growth has been enabled by India’s public digital infrastructure, especially UPI, and the company remains committed to building for businesses rather than consumers.
- Who
- Harshil Mathur, co‑founder and CEO of Razorpay
- What
- Interview on Razorpay’s strategy, growth, and values
- When
- 2024
- Where
- Bengaluru, India
- Why
- To explain the company’s focus on customer value and its evolution beyond payments
- Company
- Razorpay
- Founder
- Harshil Mathur
- Founded
- 2014
- Headquarters
- Bengaluru, India
- Annualised payments
- $180+ billion
- Transactions per quarter
- 1+ billion
- Unicorn status
- 2020
- Public digital rails
- UPI