According to sources, the deal is around $150-200 million. This is Razorpay’s sixth and largest acquisition to date.
“We believe that tomorrow’s businesses will not differentiate between physical and digital channels and expect a unified payment experience through a single integrated platform,” said Harshil Mathur, CEO and co-founder of Razorpay.
Ezetap provides software for financial technologies, including point-of-sales (POS) solutions, invoicing and loyalty solutions, enabling businesses to accept in-store and on-delivery payments.
It currently serves more than 500,000 points of contact, including:
“We are joining Razorpay’s product suite to jointly provide businesses with the best omnichannel payments experience and are excited about the limitless possibilities that both companies want to explore together in the omnichannel payments world,” said Byas Nambisan, CEO of Ezetap.
Before that, Razorpay acquired fintech startup IZealiant Technologies, Malaysia-based Curlec, TERA Finlabs, Opfin and Thirdwatch.
With a total payment value (TPV) of $80 billion as of April, Razorpay is looking at a trading base of 10-12 million by next year.
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