Chargebee, a subscription management platform, announced it has partnered with Razorpay, an Indian full-stack financial solutions company, to offer subscription billing services in India. The partnership highlights Chargebee’s commitment to customer growth and globalization with expanded capabilities to navigate complex business issues in India and beyond.
“We were born in India, just four friends in a small apartment in Chennai thinking of how to solve a problem, and then cut our teeth in the US and Europe working with customers of all sizes to help them start and grow businesses. We are now excited to leverage those lessons learned to service a fast-maturing SaaS ecosystem experiencing exponential growth,” said Krish Subramanian, CEO and Co-Founder, Chargebee.
Chargebee is excited about partnering with Razorpay, a company that has a common mission of supporting small businesses to streamline their payments.
Speaking on the partnership, Rahul Kothari, Chief Business Officer at Razorpay said, “Today, India is one of the largest markets in the world for the subscription economy. Post the recent announcement of RBI regulations on Additional Factor Authentication (AFA), it has further strengthened consumer trust in online payments, thereby bringing over 900 million debit cardholders onto the subscription platform. With an intent to further grow the subscription economy, we are pleased to partner with Chargebee, a company that’s emerging to be a global pioneer in subscription payments. Razorpay’s expertise in building tech-first solutions for businesses paired with Chargebee’s expertise would enable us to collectively create a stronger and a more robust financial backbone for subscription-based businesses in the country.”
“By building a solution specific to the needs in the region, we are proud to offer an end-to-end billing solution that can integrate with APIs, tax services, payment gateways and more to bolster India’s booming SaaS economy,” said Rajaraman Santhanam, Chief Operating Officer and Co-Founder, Chargebee.