Context:
In a move to address the credit access gap faced by Indian startups, RazorpayX, the business banking arm of Razorpay, has unveiled RazorpayX Corporate Cards in collaboration with Mastercard, RBL Bank, and YES Bank.
Product Features
- Credit Limit: Up to â‚ą2 crore without requiring collateral.
- No Personal Liability: Business expenses no longer impact founders’ personal credit scores.
- FX Charges: Competitive foreign exchange mark-up fee of just 2.5%.
- Targeted specifically at startups, which often struggle with formal credit access.
