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Razorpay, which has built a payments gateway for businesses to quickly integrate payments services into their websites and apps by way of an API, has raised another $20 million at what reliable sources have told us is a valuation of over $100 million, to fuel its next stage of growth.

The funding, a Series B round, is jointly led by Tiger Global and Y Combinator via its Continuity Fund, following on from previous investments both have made in Razorpay.

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