Draft:Razorpay

Submission declined on 5 December 2024 by Timtrent (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. If you would like to continue working on the submission, click on the "Edit" tab at the top of the window. If you have not resolved the issues listed above, your draft will be declined again and potentially deleted. If you need extra help, please ask us a question at the AfC Help Desk or get live help from experienced editors. Please do not remove reviewer comments or this notice until the submission is accepted. Where to get help If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews. If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed. How to improve a draft Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia. Help:Wikitext – how to use the markup Help:Referencing for beginners – how to include references Wikipedia:Article development – how to develop your article Wikipedia:Writing better articles – how to improve your article Wikipedia:Verifiability – make sure your article includes reliable third-party sources You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Add tags to your draft Editor resources Easy tools: Citation bot (help) | Advanced: Fix bare URLs Declined by Timtrent 7 days ago. Last edited by Timtrent 7 days ago. Reviewer: Inform author. Resubmit Please note that if the issues are not fixed, the draft will be declined again.

Submission declined on 26 November 2024 by TheBirdsShedTears (talk). "..offers a range of services" seems a prime example of promotion. There is also a a money laundering controversy involving the company. Shouldn't this be included to give readers a more balanced view? Declined by TheBirdsShedTears 16 days ago.

Submission declined on 19 March 2024 by Guessitsavis (talk). This submission appears to be taken from linkedin.com/posts/akshay-borate-3a279b117_quest-businessresearch-learning-activity-6962671446779150336-yxzU. Wikipedia cannot accept material copied from elsewhere, unless it explicitly and verifiably has been released to the world under a suitably free and compatible copyright license or into the public domain and is written in an acceptable tone—this includes material that you own the copyright to. You should attribute the content of a draft to outside sources, using citations, but copying and pasting or closely paraphrasing sources is not acceptable. The entire draft should be written using your own words and structure. This submission has now been cleaned of the above-noted copyright violation and its history redacted by an administrator to remove the infringement. If re-submitted (and subsequent additions do not reintroduce copyright problems), the content may be assessed on other grounds. Declined by Guessitsavis 8 months ago.

Submission declined on 28 September 2022 by Scope creep (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: in-depth (not just brief mentions about the subject or routine announcements) reliable secondary strictly independent of the subject Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia. Declined by Scope creep 2 years ago.

• Comment: I have sample check a significant number of the references. Each of these was a regurgitated press release, a PR piece , or general churnalism.
  You appear to have made the error that more references create an environment for acceptance. Instead they create a borderline WP:BOMBARD and suspicion of advertising.
  I believe that, in this state, it woudl not stand a better than 50% chance of surviving an immediate deletion process, so am asking you for more wrk.
  Specifically, please remove all PR style references. Consider that a fact, once cited with a good reference, one which passes WP:42 is cited, and discard duplicate references. If you cannot find a reference then discard the fact.
  How do you know a reference is PR? Anything said by the org, or by its staff is PR. 🇺🇦 Fiddle^Timtrent Faddle^Talk to me 🇺🇦 05:52, 5 December 2024 (UTC)

• Comment: Its going to Afd I suspect. The first two references blocks don't establish notability and fail WP:NCORP. It is still an advert. scope_creep^Talk 17:31, 13 November 2024 (UTC)

• Comment: Note - There is another version for Razorpay draft at sandbox of User:Kinleysoda (They have declared COI). But sandbox version has fewer information and it would be better to just simply merge this information in the future (I will work with @Kinleysoda in future to complete the merger neutrally - if they are active). However, I have added complete neutral information and more references in this current draft for it to qualify namespace - It still needs some cleanup. Thanks Macrobreed2 (talk) 16:28, 13 November 2024 (UTC)

• Comment: I have added relevant content and sources resolving earlier issues with this article and I believe that the article is now ready to be published in namespace. Best, Macrobreed2 (talk) 18:45, 11 October 2024 (UTC)

• Comment: Article has not changed since it was moved here originally for violating WP:ADMASQ. scope_creep^Talk 08:14, 28 September 2022 (UTC)

Razorpay Software Private Limited

Company type	Private
Industry	Fintech Payment service provider
Founded	May 2014; 10 years ago (2014-05) in Karnataka, India
Founder	Shashank Kumar (Co-founder and CEO) Harshil Mathur (Co-founder and CTO)
Headquarters	Bangalore, Karnataka, India
Key people	Arpit Chug (CFO) Rahul Kothari (COO)
Services	Payments
Subsidiaries	Tera Finlabs Thirdwatch Data Opfin Software Curlec Sdn Bhd IZealiant Technologies
Website	razorpay.com

Razorpay (officially known as Razorpay Software Private Limited) is an Indian fintech company headquartered in Bangalore, India.

Razorpay was founded in May 2014 by alumnus of [IIT Roorkee]]: Shashank Kumar and Harshil Mathur in a period faced with online payment issues by small and medium-sized businesses (SMBs) and ecommerce companies.^[1][2] The company initially focused on providing a seamless payment experience for online transactions.

Razorpay's products and services include payment gateway solutions, automated bank transfers, recurring payments and invoice sharing. The platform handle end-to-end payments and has optional integration with other websites and apps.^[3][4]

In February 2024, Razorpay upgraded its existing payment gateway, introduced a POS device and launched Engage (full-stack marketing growth suite) along with AI assistant for payments.^[5]

In May 2024, Razorpay introduced Q-Zap for offline payments which reduced billing time by 40% and operating cost by 20%.^[6][7][8]

In August 2024, Razorpay launched push provisioning based on card tokenisation allowing cardholders to save card details with multiple businesses in a single step.^[9]

In September 2024, Razorpay launched data integration platform without code through DataSync built in colaboration with AWS and Snowflake.^[10][11][12]

• Approved by Reserve Bank of India as payment aggregator in December, 2023^[13]
• Forbes Cloud top 100 list in 2024^[14]

In May 2022, Razorpay reported a data breach where hackers and fraudulent customers stole approximately Rs. 7.38 crore by manipulating the authorization process to authenticate 831 failed transactions.^[15]

In July 2022, Razorpay was involved in a controversy related to the deactivation of accounts and sharing donor information with the police following the arrest of Mohammed Zubair, co-founder of Alt News. This incident raised concerns about data privacy and the lack of a data protection law in India.^[16]

In March 2023, the Enforcement Directorate filed a chargesheet against Razorpay Software Private Limited among others, on money laundering charges.^[17] The chargesheet was filed before the Special Prevention of Money Laundering Act court in Bengaluru.^[18] The case originated from multiple FIRs filed by the Bengaluru Police CID based on complaints from customers who had availed loans from Chinese loan apps and faced harassment from recovery agents.^[19]

The ED's investigation revealed that Razorpay had agreements with three non-banking financial companies (NBFCs) for disbursing loans through digital lending apps. These companies were found to be running the money-lending business illegally, and the NBFCs knowingly allowed them to use their names for commissions without ensuring proper conduct. The ED had earlier issued provisional attachment orders to freeze ₹77.25 crore in funds linked to the case.^[20]

Razorpay Software Private Limited was named in the chargesheet as an accused, along with fintech companies.^[21]

Razorpay has raised significant funding from various investors.

Year	Revenue (in crores)	Profits/loss (In crores)	Source
FY 2018	90	-13	[23]
FY 2019	197.4	-3.2	[24]
FY 2020	519.4	-6.1
FY 2021	844	7

Razorpay plans to launch its IPO by fiscal year 2027.^[25][26][27]

Razorpay's revenue from operations grew 54% from Rs 1,481 crore in FY22 to Rs 2,279 crore in FY23. Employee salaries and benefits were the biggest cost centres for the start-up and comprised 28% of the total expenses as of February, 2024.^[28]

• Acquired ThirdWatch in 2019, an AI-powered company that specializes in big data to reduce return-to-origin and fraud orders for e-commerce businesses.^[29][30]
• Acquired Opfin (RazorpayX) in 2019, a payroll management firm.^[31][32][33]
• Acquired TERA Finlabs in 2021, an AI-based risk tech SaaS platform.^[34][35][36]
• Acquired PoshVine in 2022, customer loyalty and rewards^[37]

• Paytm
• Payment service provider