RazorPay said to secure funding from Salesforce Ventures

Digital payments company RazorPay, which recently tripled its valuation to hit $3bn, has reportedly collected further capital from Salesforce Ventures.

The amount of capital invested in the round was not disclosed, according to a report from mint.

RazorPay previously secured $160m in its Series E round in April 2021, which came just six months after it had raised $100m in its Series D. Investors to the Series E included Sequoia India, GIC Pte, Ribbit Capital and Matrix Partners.

While it is unclear what the fresh capital from Salesforce will be used for, RazorPay had previously stated it hopes to expand across Southeast Asia and develop a selection of new features for its platform.

The FinTech company offers a host of payment technology to help businesses complete transactions and automate payouts. Its features include payment gateways, payment links, invoicing, smart collection, subscriptions and more.

In addition to payment services, RazorPay offers a host of banking tools, including current accounts, payroll, tax payments and others.

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