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POP Raises $30 Million From Razorpay: Fintech Funding News

18 June 20251 min read
BANKING & FINANCEPOP Raises $30Million FromRazorpay: FintechFunding News18 June 2025safalsetu.com

Why in the news

Razorpay, a business-to-business fintech, put $30 million into the consumer payments app POP, which had joined the UPI network a year earlier.

Key facts

  • Investment: $30 million, announced on a Thursday.
  • Investor: Razorpay, a B2B fintech.
  • Investee: POP, a consumer payments application.
  • POP started operating on UPI, India’s real-time payments system, about a year before.

Significance

  • The funding lets Razorpay widen its presence in the business-to-consumer segment.
  • It shows a B2B payments player moving towards retail users.

Exam angle

  • UPI means Unified Payments Interface.
  • Amount raised by POP: $30 million.
  • Terms: B2B, B2C, fintech.

Test yourself

1. How much did the consumer payments app POP raise from Razorpay?

POP raised $30 million from Razorpay.

2. Razorpay, the investor in POP, mainly operates in which segment?

Razorpay is described as a business-to-business fintech.

3. POP began operating on which real-time payments system a year before the funding?

POP launched operations on UPI a year earlier.

This topic is part of Daily Current Affairs 18 June 2025 (14 topics).

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