Razorpay strengthens leadership team with two new hires

Online payment gateway startup Razorpay has appointed Amitabh Tewary as chief innovation officer and Rahul Kothari as chief business officer.

Tewary will work towards expanding Razorpay’s footprints across key markets and accelerate the adoption of new platforms and Kothari will be responsible for growing the company globally as a full-stack business-to-business (B2B) fintech platform, an official statement said.

Tewary was the vice president at Mastercard and has also worked with SBI Card, Thomas Cook and an edtech startup.

 “The fintech ecosystem in India is storied and celebrated globally, proof of which is the deep trust exhibited by local and global investors in the form of significant investments over the last decade. This story of innovation and disruption is likely to continue and grow stronger. I look forward to an exciting association with Razorpay so we can together build a large franchise globally with cutting edge neo banking products,” Tewary said.

Prior to Razorpay, Kothari was the chief business officer for enterprise payments at PayU India. He has also worked with WNS Global Services, Boston Consulting Group and Symantec.

“There's a lot of scope for interesting innovations in business payments, something that Razorpay has also been working on. I am passionate about simplifying banking and payments, making intelligent technology easily accessible to businesses and therefore I echo with Razorpay’s vision of revolutionising payments and banking through a single platform,” said Kothari.

Razorpay currently powers digital payments for 350,000 businesses including RCTC, Airtel, BookMyShow, Zomato, Swiggy, Yatra and Zerodha.

“They both come with varied skill-sets and expertise, and we look forward to creating valuable and differentiated products in the fintech space, together. Razorpay has been charting exponential growth in the last couple of years. With a 500% growth in the last twelve months, we will continue to power disruptive businesses with intelligent technology and excited to have Amitabh and Rahul join us to support this mission,” said Harshil Mathur, chief executive officer and co-founder, Razorpay.

The startup aims to increase its customer base to 450,000 by 2020 and expects a 5x growth in revenue by the end of the next fiscal year.