Six-year-old Bangalore-based fintech Razorpay, which was valued at $3 billion in a financing spherical in April this 12 months, has courted another high-profile investor: Salesforce Ventures.
Razorpay mentioned on Monday it has obtained a “strategic funding” from the enterprise arm of the American enterprise big. The funding will assist the startup “additional strengthen its presence within the enterprise banking house,” it mentioned.
The 2 companies didn’t disclose the dimensions of the funding, however Sequoia Capital India-backed startup mentioned the deal will “make an impactful contribution to the trade and drive adoption and monetary progress for underserved small companies within the subsequent twelve months.”
Razorpay accepts, processes and disburses cash on-line for small companies and enterprises — primarily every little thing Stripe does within the U.S. and a number of other different developed markets. However the Indian startup’s providing goes a lot additional than that: in recent times, Razorpay has launched