Razorpay seeks profitability with plans for bourse listing; expands to Singapore

Indian fintech firm Razorpay Software has earmarked group profitability as a key milestone on the road to a stock market listing, which it intends to stage within the next three years.

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The GIC-backed payments company is focused on becoming profitable on a consolidated basis across all its businesses, said Mr Shashank Kumar, co-founder and managing director of Razorpay, in an interview with Bloomberg.

"We're two to three years away from an IPO," he said.

However, no details were provided on whether the company intends to list in Singapore or elsewhere.

While its core payments segment is already profitable, Razorpay remains loss-making at the group level, with its neo-banking and lending services yet to break even.