User:Kinleysoda/sandbox
| Submission declined on 11 July 2024 by MicrobiologyMarcus (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources.
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Comment: The examples you provided and claimed to be "significant" are not very independent (see WP:CHURNALISM) and the significant sources such as your claim to the Wall Street Journal are definitely not "in-depth". While it does verify the claim in the article, the extent of the WSJ piece about the subject is no longer than one sentence. Please seek the advice on WP:THREE and note "Be honest with yourself about how good they are. If they're not good sources, people will figure that out real fast and reject them." See also the relevant advice on WP:Interviews where facts sourced from your business "Profiles" are acceptable to be used or not.With that said, the company likely passes NCORP, if not the GNG, due to the breadth of coverage, in spite of their depth.But notability is not the only concern at AfC; also V and NPOV. I have noted an instance of where the claim in the draft article is not supported by a WP:RS, and the infobox is absolutely littered with unsourced claims. Products are not mentioned in the article, to say nothing about the financial figures given. microbiologyMarcus [petri dish·growths] 16:48, 11 July 2024 (UTC)
- Comment: This company meets the organization notability criteria based on multiple in-depth press profiles from major publishers such as The Wall Street Journal and The Economic Times.Those outside of India might not know India’s major, independent business publications. Some of the prominent editorial publications I have used here with “significant coverage” of Razorpay include Forbes India [1], Mint [2], The Economic Times [3] and Money Control [4]. Please note that I disclosed a conflict of interest on Talk. Kinleysoda (talk) 15:07, 11 July 2024 (UTC)
 | |
| Company type | Privately held company |
|---|---|
| Industry |
|
| Founded | May 2014 |
| Founder |
|
| Headquarters | , |
| Products | Razorpay Payment Gateway, Razorpay Product Suite, RazorpayX Business Banking, Razorpay Capital |
| Services | Payment Services |
| Revenue |  ₹844 Crores (FY2021) |
| ₹7 Crores (FY21) | |
Number of employees | 1,996 |
| Subsidiaries | Curlec Sdn Bhd, IZealiant Technologies, Ezetap, Poshvine |
| Website | razorpay |
Razorpay is an India-based financial technology company. The company was founded in 2014 by Harshil Mathur and Shashank Kumar as a digital payment platform for small businesses. As of March 2023, Razorpay was valued at about $7.5 billion.[1]
History
[edit]Razorpay was founded in 2014 by Shashank Kumar and Harshil Mathur,[2] who became friends while studying at IIT Roorkee.[3][4] After graduating,[5] Kumar took a position at Microsoft[4] and Mathur took one at the Mumbai office of Schlumberger,[5][failed verification] an oilfield services provider.[6] In 2014, they decided to start a digital payments business in India[5] and created Razorpay.[7]
Razorpay expanded its services in 2018 to include online-only banking and business lending via their platforms RazorpayX and Razorpay Capital, respectively.[8]
The company acquired the data science firm Thirdwatch in August 2019 in order to develop its artificial intelligence fraud-detection capabilities.[9] The company acquired Opfin, a payroll and HR management company in 2019.[10]
Amid the Covid-19 pandemic, in 2020 the company started a collateral-free line of credit called “Cash Advance,” for micro, small, and medium businesses.[11]
Razorpay acquired the company TERA Finlabs in 2021 to expand the risk management capabilities.[12]
In August 2022, it acquired the offline point of sale platform Ezetap for about $200 million.[13] It acquired the customer rewards and loyalty platform Poshvine in September 2022.[14] In October 2022, the company acquired a majority stake in the Malaysian financial technology company Curlec.[15]
During the 2023 collapse of Silicon Valley Bank Razorpay helped Indian startups move their money out of the collapsing institution and into Indian banks.[16]
In December 2023, the Reserve Bank of India granted Razorpay its payments aggregators license,[17] which allows merchants to accept payments through the company’s digital platform.[18]
As of March 2023, Razorpay was valued at about $7.5 billion.[1] In February 2024, the company processed $150 billion in digital transactions for fiscal year 2024.[19]
References
[edit]- ^ a b Mishra, Digbijay (20 December 2021). "Razorpay's valuation rises to $7.5 billion after $375-million funding". Economic Times. Retrieved 17 April 2023.
- ^ Singh, Rajiv (18 October 2022). "Razor-sharp checkout: How Razorpay grew close to eight times in four years". Forbes India. Retrieved 18 April 2023.
- ^ Venkataraman, Rajgopalan (5 November 2015). "Our parents were worried about our marriages when we quit our big jobs". Times of India. Retrieved 21 April 2023.
- ^ a b Darlington, Jose Hector (19 August 2022). "Germ of an idea, A black Ford Mustang, a lal batiwali gadi and a unicorn called Razorpay". Money Control. Retrieved 18 April 2023.
- ^ a b c Bathija, Monica (27 December 2021). "Harshil Mathur, Shashank Kumar: Simplifying the financial lives of customers". Forbes India. Retrieved 19 April 2023.
- ^ Anand, Utkarsh (2 December 2021). "SC raps ONGC for haggling over arbitration fee, 'insulting judges'". Economic Times. Retrieved 14 June 2023.
- ^ Sharma, Samidha; Bhakta, Pratik (9 May 2023). "In 'reverse flip,' Razorpay parent entity plans to return to India from the US". Economic Times. Retrieved 16 May 2024.
- ^ Bhalla, Tarush (12 October 2020). "Razorpay is latest fintech unicorn". Mint. Retrieved 19 April 2023.
- ^ Sharma, Mrudul (7 August 2019). "Razorpay Acquires Gurgaon-based AI Startup, Thirdwatch". BW Disrupt (BusinessWorld India). Retrieved 5 June 2023.
- ^ Dash, Sanchita (22 November 2019). "Razorpay launches small biz credit card with no-cost interest for 50 days". Business Insider India. Retrieved 5 June 2023.
- ^ Abrar, Peerzada (2020-09-07). "Razorpay starts lending service for small businesses hit by Covid-19". Business Standard India. Retrieved 2021-08-08.
- ^ Bhalla, Tarush (19 July 2021). "Razorpay acquires TERA in its 3rd buyout". Mint. Retrieved 17 April 2023.
- ^ Abrar, Peerzada (17 August 2022). "Razorpay acquires Ezetap for $200 mn; forays into offline payments". Business Standard. Retrieved 18 April 2023.
- ^ Iyer, Priyanka (27 September 2022). "Razorpay buys customer loyalty and rewards platform PoshVine in 7th acquisition". Money Control. Retrieved 17 April 2023.
- ^ Lidhoo, Prerna (19 October 2022). "Aim is to become Southeast Asia's largest player in next four years: Razorpay". Business Today. Retrieved 18 April 2023.
- ^ Mandavia, Megha (17 March 2023). "SVB Crisis Tests India's New Finance Hub Potential; Experimental financial center is suddenly getting new infusion of life—and dollars". Wall Street Journal. Retrieved 18 April 2023.
- ^ "Razorpay, Cashfree, Google Pay get RBI nod for payment aggregator business, Paytm and PayU still 'barred'". Times of India. 20 Dec 2023. Retrieved 21 May 2024.
- ^ "Razorpay, Cashfree Payments get payment aggregator license from RBI". Fortune. 20 December 2023. Retrieved 22 May 2024.
- ^ Arakali, Harichandan (16 May 2024). "How Razorpay is making online payments a breeze". Forbes India. Retrieved 21 May 2024.