Razorpay, a Bangalore, India-based payments solutions provider, raised $20m in Series B funding.
The round was led by Tiger Global and Y Combinator, through the Y Combinator Continuity Fund, with participation from Matrix Partners.
The company will use the funds to expand its reach into new markets and verticals, and to enable the management of complex and business critical money flows.
Co-founded by CEO Harshil Mathur and Shashank Kumar, Razorpay provides solutions for merchants, schools, ecommerce and other companies to accept payments online. The company’s product suite manages the entire payments lifecycle and enables online merchants to accept, process and disburse payments through APIs, integration, onboarding processes and customer support.