Harshil Mathur

Harshil Mathur is an Indian entrepreneur and the co-founder and CEO of Razorpay, one of India’s most successful fintech companies. Founded in 2013 alongside Shashank Kumar, Razorpay has grown from a digital payment gateway to a full-stack financial platform offering payment processing, neo-banking, payroll, and lending services. Mathur is widely recognized for his role in revolutionizing India’s digital payment ecosystem and empowering startups and SMEs with accessible financial tools.

Harshil Mathur
Born	Jaipur, Rajasthan, India
Nationality	Indian
Education	IIT Roorkee (B.Tech in Computer Science)
Occupation	Entrepreneur, CEO of Razorpay
Known for	Co-founding Razorpay, fintech innovation

Early Life and Education

Harshil Mathur was born and raised in Jaipur, Rajasthan. Passionate about technology and problem-solving from an early age, he pursued a Bachelor's degree in Computer Science and Engineering from IIT Roorkee. His exposure to coding, systems design, and the challenges faced by Indian businesses sparked his interest in fintech innovation.

Founding of Razorpay

In 2013, Mathur teamed up with his college friend Shashank Kumar to address a pressing challenge: the lack of reliable, developer-friendly digital payment solutions for Indian businesses. They founded Razorpay with the aim of simplifying online payments through a unified, easy-to-integrate platform.

Razorpay was accepted into the prestigious Y Combinator accelerator program in 2015, making it the second Indian startup to achieve this. The company’s early focus on customer experience, seamless APIs, and transparent pricing helped it stand out in a fragmented market.

Growth and Innovation

Under Mathur’s leadership, Razorpay has evolved from a payment gateway into a comprehensive financial infrastructure provider. Its core offerings include:

• Razorpay Payment Gateway: Online payments, UPI, cards, EMI, wallets
• RazorpayX: A neo-banking platform for current accounts, payroll, and payouts
• Razorpay Capital: Lending solutions for working capital
• Razorpay POS: In-store payment solutions

The company became a unicorn in 2020, reaching a valuation of over $1 billion, and has since raised funding from top global investors including Sequoia Capital, Tiger Global, and GIC.

RazorpayX and Neobanking

In 2017, Mathur spearheaded the launch of RazorpayX, a neobanking platform aimed at simplifying business banking. With tools for salary disbursement, vendor payments, and financial automation, RazorpayX is a critical offering that has helped thousands of Indian businesses operate efficiently.

Vision and Leadership

Harshil Mathur is known for his product-first leadership style, deep understanding of fintech, and commitment to solving real problems for underserved businesses. His vision is to build Razorpay into a financial operating system for Indian businesses, combining payments, banking, and credit into a unified experience.

He is an advocate for:

• Financial inclusion for SMEs and startups
• Digital transformation of Indian commerce
• Regulatory collaboration to foster fintech growth

Recognition

• Featured in Forbes 30 Under 30 Asia
• Named among India’s top young entrepreneurs by multiple business publications
• Recognized for building one of India’s fastest-growing fintech platforms

Legacy and Impact

Harshil Mathur’s work with Razorpay has significantly influenced India’s digital payment and fintech ecosystem. The platform powers over 8 million businesses and is a backbone of India’s startup and e-commerce infrastructure. Mathur’s emphasis on innovation, accessibility, and scalability continues to drive the fintech revolution forward.

Conclusion

Harshil Mathur has emerged as a visionary leader in India’s fintech space. Through Razorpay, he has redefined how businesses handle money—offering them agility, simplicity, and control. His contributions have laid the groundwork for a more inclusive and technology-driven financial ecosystem in India.