Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum

Razorpay, a leading payment and banking platform for businesses has acquired  IZealiant Technologies, a leading fintech startup that provides payments technology solutions for banks, for an undisclosed amount. Founded in 2015, IZealiant is a Pune-based startup that provides mobile-first, API-enabled, and cloud-ready payment processing products for banks and financial institutions.

The acquisition of IZealiant will further strengthen Razorpay’s Banking Solutions Arm to build innovative payment banking technologies for partner banks. This way both businesses and their end-consumers enjoy a faster, seamless and secure payment experience.

“I am confident that strong forces of two technology companies coming together like this will