Who owns RazorpayX?
short answerRazorpayX is not itself a bank. It runs on a partner-bank (BaaS) model and works with RBL Bank — the licensed bank that actually holds customer deposits behind the app. RazorpayX's most notable disclosed backers include Peak XV Partners, Tiger Global, GIC and Ribbit Capital.
Is RazorpayX a licensed bank?
No — a partner bank (RBL Bank) holds the money. Licence detail: Partner banks (RBL, ICICI, Yes, Axis, IDFC First); Razorpay holds RBI payment aggregator licence.
Where is your money held?
Custody model: Custodial.
RazorpayX runs on: RBL Bank (BIN sponsor bank) · M2P Fintech (BaaS middleware). Full stack on the infra map.
Early investors
Is my money safe with RazorpayX?
Your money is held by RBL Bank, so any deposit insurance flows through that sponsor bank — not RazorpayX itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.
go deeperSee the full RazorpayX profile with every verified field, or RazorpayX alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.