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Unicorn Deconstruction·4 min read·Week 25

Razorpay's journey from payment gateway to financial OS

Razorpay transformed from a payments processor into India's financial operating system by expanding horizontally into lending, payroll, and treasury. The founding bet on API-first infrastructure enabled a 10x expansion into adjacencies while maintaining unit economics.

ByAmit Tyagi·Fitoor Capital
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Amit Tyagi

Founder, AletheiaAI & GP, Fitoor Capital

Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.

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#razorpay#fintech#payments-gateway#unit-economics

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Razorpay's journey from payment gateway to financial OS · Aletheia Insights