Salesforce Ventures invests in Razorpay

Razorpay has expanded from being a payment gateway to launching its neo banking platform and a SME lending arm Razorpay Capital.

Razorpay, the digital payments, and business banking platform on September 20 said it has got funding from Salesforce Ventures, the worldwide investment arm of cloud-based programming giant Salesforce.

It didn’t reveal the quantum of venture. Bengaluru-based Razorpay, which was valued at more than $3 billion in its last round of financing, said the venture will strengthen its presence in the business banking space.

Harshil Mathur, CEO, and Co-Founder, Razorpay said, “Razorpay needs to take further steps on investing into India’s digital future and building a keen payment and banking foundation for the new world. We are delighted to connect with Salesforce Ventures and Salesforce all the more broadly in India.”

“I’m certain that this venture, alongside help from our current investors will assist with building an environment for issue free, simple to-incorporate payments and banking experience. We additionally desire to grow, associate new products and deliver this experience to organizations in South East Asian nations as well,” Mathur added.