The GMO and Mastercard-backed business payment technology provider has closed a series B round co-led by Tiger Global and Y Combinator.

Razorpay, an India-based online payment technology provider that counts internet company GMO as an investor, completed a $20m series B round co-led by Tiger Global Management and Y Combinator yesterday.

Hedge fund sponsor Tiger Global and accelerator Y Combinator, which invested through its Continuity Fund, were joined by private equity firm Matrix Partners. The round valued the company at more than $100m, “reliable sources” told TechCrunch.

Founded in 2014, Razorpay has created a platform that helps online businesses receive, process…

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