Razorpay Closes $250M Series G at $8.5B Valuation
India-headquartered Razorpay is expanding from its domestic base into Southeast Asia (Indonesia, Malaysia). The round's investors include Singapore's GIC and Temasek, highlighting APAC sovereign capital's confidence in cross-border fintech infrastructure.
Indian fintech unicorn Razorpay has closed a $500 million Series G funding round at a $9 billion valuation, making it one of the most valuable private fintech companies in Asia. The round was led by Tiger Global and Sequoia Capital India, with participation from GIC (Singapore's sovereign wealth fund) and Temasek. Razorpay plans to use the capital to expand its payment infrastructure across Southeast Asia, starting with Indonesia and Malaysia, and to accelerate development of its embedded finance and lending products for small and medium businesses.
Razorpay's $9B valuation and Southeast Asian expansion plans reflect the growing maturity of India's fintech ecosystem and its potential to export payment infrastructure to neighboring markets. The participation of GIC and Temasek — two of Asia's most influential sovereign wealth funds — validates the cross-border fintech opportunity. For the APAC fintech landscape, this signals that Indian payment companies are no longer content with domestic dominance and are actively competing with established players like Stripe, Adyen, and local champions in Southeast Asian markets. The embedded finance and SMB lending focus also addresses a massive underserved segment across APAC where traditional banking penetration remains low.
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