Fifth Payments Tech Startup IZealiant Technologies Acquired By Razorpay

Razorpay, a fintech unicorn, introduced the acquisition of IZealiant Technologies, a famend Fintech commercial enterprise that gives banks with bills era answers.

Razorpay, a fintech unicorn, introduced the acquisition of IZealiant Technologies, a famend Fintech commercial enterprise that gives banks with bills era answers, for an undisclosed sum. IZealiant is a Pune-primarily based totally startup that gives banks and economic establishments mobile-first, API-enabled, and cloud-equipped charge processing tools.

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Razorpay’s Banking Solutions Arm may be reinforced with the aid of using the acquisition of IZealiant, if you want to broaden innovative charge banking answers for associate banks, permitting groups and their end-clients to experience a faster, greater seamless, and steady charge experience.

Razorpay’s Banking group has labored on some of critical initiatives in India, which includes Razorpay TokenHQ, India’s first multi-community RBI compliant card tokenization solution, and MandateHQ, an API-primarily based totally, plug-and-play ordinary bills interface for banks.

“We are thrilled to have the IZealiant group be a part of the Razorpay own circle of relatives today,” stated Harshil Mathur, CEO and Co-founding father of Razorpay, in reaction to the acquisition. I am sure that the mixed energy of  technological corporations will offer our associate banks with the desired help in growing next-era answers and converting marketplace dynamics withinside the new normal.”

“The group at IZealiant has big knowledge developing and executing sophisticated, high-overall performance obtaining and issuing structures,” he continued, “and I am sure that collectively we are able to be capable of provide industry-first answers for Indian banks.””

“We are glad to enroll in up with Razorpay and be a part of their boom route collectively,” said Prashant Mengawade, CEO of IZealiant. Financial establishments are swiftly keen to put in force innovative, versatile, and steady answers to fulfill ever-converting patron expectations, and the time couldn’t be better.

IZealiant is fantastically happy with our customer-centricity and high-acting virtual bills structures that we've designed for a number of the world’s maximum prestigious economic establishments.

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