Razorpay takes over fintech startup IZealiant Technologies to bolster banking solutions subsidiary
Razorpay has announced an acquisition to bolster its banking solutions subsidiary that develops innovative tech solutions for banks. The company has bought a major fintech startup, IZealiant Technologies. Razorpay, a fintech unicorn, announced the takeover of Pune-based fintech startup, IZealiant Technologies, for an undisclosed sum on March 15, 2022. Razorpay's Banking Solutions Arm will be strengthened by the takeover deal of IZealiant. The startup will develop revolutionary payment banking solutions for partner banks, allowing businesses and their end-customers to enjoy a faster, more seamless, and secure payment experience. A number of important projects in India have been worked on by Razorpay's Banking team. These projects include Razorpay TokenHQ, India's first multi-network RBI compliant card tokenization solution, and MandateHQ, an API-based, plug-and-play recurring payments interface for banks. IZealiant is a well-known fintech business that pro...