Razorpay, fintech unicorn has plans to achieve $50 bn in Total Payment Volume (TPV) by the end of 2021. The startup announced a slew of products towards achieving this end.
The platform has launched the first B2B app store. This App Store will be the first B2B app store for the fintech industry, empowering the developer community to build solutions beyond fintech. Developers can now create flexible solutions and target the five million SMBs on Razorpay. It has apps like WooCommerce, and Shopify that can help new businesses build an online store to managing accounts with Quickbooks and Zoho Books to raising donations through Crowdera.
"There has been a lot of innovation made in the B2C financial services and fintech spaces. The SME and B2B space has a long way to go. Our recent fundraise was to build a suite of products to help startups and small enterprises. We aim to empower the next phase of digital growth for small businesses in India," said Harshil Mathur, Co-founder & CEO, Razorpay.