Razorpay is positioning its business banking platform as an artificial intelligence (AI)-powered assistant to chief financial officers (CFOs). The move comes as India’s financial technology giant, valued at $7.5 billion, prepares for a public offering within 18 months and seeks to stand out in the neobanking market.
RazorpayX now handles 5 per cent of all digital money transfers, or Immediate Payment Service, in India and processes $30 billion in annualised transaction volume while growing 85 per cent year-over-year. The platform automates financial tasks from cash flow forecasting to payroll reconciliation, making it Razorpay’s fastest-growing division and a cornerstone of its initial public offering (IPO) strategy.
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