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Razorpay aims for profitability and expands operations to Singapore

Razorpay is targeting group-wide profitability as it prepares for a potential IPO within three years, with a reported net income of US$4 million in FY24. While its core payments business is profitable, losses arise from neo-banking and lending. The company has expanded to Singapore and aims to enter Thailand, Vietnam, the Philippines, and the Middle East, targeting US$5 billion in payment volume from these markets.
Tech in Asia
United States Dollar THA PHL SGP VNM Shashank Kumar Show more
Business & Industry, Market Report
08:12 12.03.2025

Razorpay aims for profitability and expands operations to Singapore

Razorpay is targeting group-wide profitability as it prepares for a potential IPO within three years, with a reported net income of US$4 million in FY24. While its core payments business is profitable, losses arise from neo-banking and lending. The company has expanded to Singapore and aims to enter Thailand, Vietnam, the Philippines, and the Middle East, targeting US$5 billion in payment volume from these markets.
Tech in Asia
United States Dollar THA VNM PHL SGP Shashank Kumar Show more
Business & Industry, News Article
08:12 12.03.2025
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