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Harshil Mathur, co-founder and CEO, Razorpay shares the company's journey from getting rejected by 100 banks to becoming the youngest fintech unicorn
The company said it plans to deploy the new funds to strengthen RazorpayX, neo-banking platform and lending arm Razorpay Capital and hire about 500 employees by FY2021
A report by Razorpay titled '101 Days of Covid-19 Era: Impact On Digital Payments' shows that credit-based payment modes have seen an exponential rise as the countrywide lockdown put household incomes in deep stress
7 startups enabling flexible financing for SMEs
With Mastercard being their strategic partner and raising $20 million from Tiger Global and Y combinator, Razorpay aims to grow 4x by end of 2018