Harshil Mathur, Shashank Kumar, 28, 29
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Born out of a crowd-funding project—which the IIT Roorkee alumni were dabbling with while holding down regular jobs—Razorpay got everyone’s attention after it was picked for the Y Combinator accelerator programme in 2015. During the recent Cyclone Fani in Odisha, NGOs and other organisations used Razorpay’s Payment Pages to raise money. The service is a platform designed to accept online payments with zero integration and minimum set-up, and without any hosting charges. Razorpay aims to add more than 10,000 companies this year to this platform, which, according to CEO Mathur (Kumar is CTO), is for “those who want to use digital payments, but don’t want to invest in technology”. This year, the payment services company also launched lending for merchants registered on its payments gateway. The company, which has partnered with NBFCs to offer its lending services, says small merchants don’t have easy access to credit, and Razorpay is well-placed to address that since it has data points—like how much business these merchants do or what their volumes are—on them.