About IZealiant Technologies
IZealiant Technologies is a Financial Services company based in Pune (India) founded in 2015 by Amit Khatri, and was acquired by Razorpay in March 2022. It operates as a software solutions are provided to financial institutions by IZealiant Technologies. The company has 51 employees. Its Indian entity Razorpay Services Private Limited reported revenue of ₹4.18 Cr. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Stripe, Razorpay, Flutterwave, PayU and Mintoak and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
IZealiant Technologies was founded in 2015 and is based in Pune, India. Software solutions are delivered to financial institutions, encompassing products such as the ZealMac multifactor authentication platform, ZealMac access control server, ZealPOS point-of-sale solution, and ZealWay payment gateway. Additional services include system integration, product engineering, business consulting, and offshore development, supporting operations in the financial sector.
- Headquarters Pune, India
- Employees 51
- Founders Amit Khatri
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website izealiant.com
- Social LinkedIn Facebook
- Acquired by Razorpay (Mar 2022)
- Legal Name Izealiant Technologies Private Limited
- Date of Incorporation 02 Sep, 2015
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of IZealiant Technologies
IZealiant Technologies operates through Razorpay Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Razorpay Services Private Limited CIN U72300PN2015PTC156373 | Active | 02 Sep 2015 | Pune, Maharashtra | ₹4.2 Cr | 31 | 3 | View details |
Investors in IZealiant Technologies
IZealiant Technologies has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Razorpay.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment and business banking solutions are provided for enterprises. | 2014 | razorpay.com | Bengaluru, India |
Investor details for IZealiant Technologies
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Board of directors of Razorpay Services Private Limited (IZealiant Technologies)
Razorpay Services Private Limited is the primary company behind IZealiant Technologies. The board of Razorpay Services Private Limited currently have 3 directors; the longest-serving is Shashank Kumar, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashank Kumar DIN 06556746 | Nominee Director | 21 Feb 2022 | 4 yrs 7 mo | Razorpay Services Private Limited |
| Ajitabh Banerji DIN 07002361 | Nominee Director | 21 Feb 2022 | 4 yrs 7 mo | Razorpay Services Private Limited |
| Harshil Mathur DIN 06549915 | Director | 24 Jul 2025 | 1 yr 2 mo | Razorpay Services Private Limited |
People of IZealiant Technologies
1 people are tracked at IZealiant Technologies (1 in leadership); the tracked headcount is 51.
| Name | Role | Group |
|---|---|---|
Amit Khatri | Co-Founder | Leadership |
Complete people profiles for IZealiant Technologies
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Financials of IZealiant Technologies
Figures of Razorpay Services Private Limited, the primary company behind IZealiant Technologies, for FY 2025. Revenue was ₹4.18 Cr (-3% year on year). Net loss was -₹6.47 Cr (-155% margin). EBITDA was -₹5.26 Cr (-126% margin). Revenue has grown at a compounded annual rate of -2% over three years and +1% over five years.
- ₹4.18 CrRevenue · FY 2025 · -3% YoY
- -₹6.47 CrNet loss · -155% margin
- -₹5.26 CrEBITDA · -126% margin
- ₹34 LakhPaid-up capital
- 31Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Razorpay Services Private Limited are on its company page.
Detailed financial statements for IZealiant Technologies
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Timeline of IZealiant Technologies
2 dated milestones of IZealiant Technologies across 7 years, from founding to its latest funding, stage changes and deals.
- Founded IZealiant Technologies is founded.
- Exit Acquired by Razorpay.
Competitors of IZealiant Technologies
IZealiant Technologies has 9 listed competitors in our database, 8 of them funded. They include Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mintoak.com | 2017 | Mumbai, India | $24.71M | 140 | Digital payments and engagement solutions are offered for MSMEs. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| airpay.co.in | 2012 | Mumbai, India | $3.63M | 996 | An integrated omnichannel platform for financial services is provided. |
Detailed competitors of IZealiant Technologies
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Web traffic of IZealiant Technologies
The website of IZealiant Technologies (izealiant.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▼ 81.2% vs previous month
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as IZealiant Technologies (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Izealiant Technologies
Complete news archive for IZealiant Technologies
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Frequently Asked Questions about IZealiant Technologies
IZealiant Technologies was founded in 2015.
IZealiant Technologies is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
IZealiant Technologies has 51 employees.
The primary company behind IZealiant Technologies, Razorpay Services Private Limited, reported revenue of ₹4.18 Cr for FY 2025, down 3% year on year.
IZealiant Technologies was founded in 2015 and is based in Pune, India. Software solutions are delivered to financial institutions, encompassing products such as the ZealMac multifactor authentication platform, ZealMac access control server, ZealPOS point-of-sale solution, and ZealWay payment gateway. Additional services include system integration, product engineering, business consulting, and offshore development, supporting operations in the financial sector.
IZealiant Technologies has 1 investor. Key investors include Razorpay.
IZealiant Technologies operates through Razorpay Services Private Limited.
Yes. IZealiant Technologies was acquired by Razorpay in March 2022.
The legal entities of IZealiant Technologies currently have 3 directors, including Shashank Kumar, Ajitabh Banerji, Harshil Mathur.