Fiserv vs Razorpay: Founders, CEOs and History
Fiserv was founded in 1984 by Leslie M. Muma, George D. Dalton and is led by Takis Georgakopoulos. Razorpay was founded in 2014 by Harshil Mathur, Shashank Kumar and is led by Harshil Mathur.
Company facts
Founders
Fiserv
Leslie M. Muma
Leslie M. Muma is a co-founder of Fiserv. He led the company's Florida operations after the 1984 merger, served as president for many years and later succeeded George Dalton as CEO, leading Fiserv until Jeff Yabuki took over in 2005.
George D. Dalton
George D. Dalton co-founded Fiserv in 1984 and served as its first CEO and chairman.
Razorpay
Harshil Mathur
Harshil Mathur co-founded Razorpay in 2014 with Shashank Kumar after struggling to set up online payments for a crowdfunding project.
Shashank Kumar
Shashank Kumar co-founded Razorpay in 2014 alongside Harshil Mathur. Frustrated by the absolute nightmare of integrating archaic, highly bureaucratic bank payment gateways (which took weeks of paperwork) while trying to build a crowdfunding site, he built Razo…
CEOs and their tenures
Fiserv
- Jeff Yabuki2005–2020
Chief Executive Officer
Serving as CEO from 2005 to 2020, he generated absolutely massive shareholder returns (the stock rose over 900% during his tenure) by ruthlessly acquiring and integrating hundreds of smaller fintech companies.
Source - Frank J. Bisignano2020–2025
Chairman and Chief Executive Officer
As CEO of the combined Fiserv, he aggressively pushes the 'Clover' point-of-sale hardware to directly combat Square (Block) and Toast in the fiercely competitive restaurant and small business sector.
Source - Paul Todd2025–present
Chief Financial Officer
As CFO, he manages the massive capital return program (billions in share buybacks) that keeps the stock price highly elevated despite severe competitive threats to the core business.
Source - Michael P. Lyons2025–2026
President and Chief Executive Officer
As a key segment president, he defends the incredibly sticky, highly lucrative bank technology division from modern, cloud-based core banking upstarts like nCino and Mambu.
Source - Takis Georgakopoulos2026–present
Chief Executive Officer
Appointed as a senior executive in 2024, he oversees the absolutely critical merchant acceptance business, attempting to modernize the legacy infrastructure that powers millions of global transactions daily.
Source
Razorpay
- Harshil Mathur2014–present
Co-founder & CEO
Grew Razorpay into one of India's largest payment companies, with ~$439 million (₹3,783 crore) FY25 revenue.
Source - Shashank Kumar2014–present
Co-founder & Managing Director
As Co-Founder and Managing Director, he acts as the absolute driving force behind the company's incredibly rapid product innovation, fiercely defending its dominance against legacy banks.
Source
Timeline: Fiserv and Razorpay side by side
1984Fiserv
Fiserv founded
George Dalton's Milwaukee data processing operation and Leslie Muma's Sunshine State Systems combined to form Fiserv.
1986Fiserv
Nasdaq IPO
Fiserv went public on Nasdaq under the ticker FISV.
2005Fiserv
Jeffery Yabuki Becomes CEO
Jeffery Yabuki became chief executive of Fiserv in December 2005.
2007Fiserv
CheckFree acquisition
Bought online bill payment company CheckFree for about $4.4 billion.
2013Fiserv
Open Solutions Acquired
Fiserv bought the banking-software company Open Solutions in January 2013.
2014Razorpay
Harshil Mathur and Shashank Kumar found Razorpay to simplify online payments in India.
2015Razorpay
Joins Y Combinator's Winter 2015 batch.
2018Fiserv
Fiserv Forum Naming Rights
Fiserv bought the naming rights to the Milwaukee Bucks arena, Fiserv Forum, in 2018.
2018Razorpay
Launches RazorpayX business banking and Razorpay Capital.
2019Fiserv
First Data merger
Completed the all-stock acquisition of First Data, valued around $22 billion, adding Clover and merchant acquiring.
2019Razorpay
Acquires fraud-detection startup Thirdwatch and payroll software startup Opfin.
2020Fiserv
Frank Bisignano becomes CEO
Former First Data CEO Frank Bisignano succeeded Jeff Yabuki.
2020Razorpay
Becomes a unicorn after a $100 million Series D led by GIC and Sequoia Capital India.
2021Razorpay
Raises $375 million Series F at a $7.5 billion valuation; acquires TERA Finlabs.
2022Fiserv
Acquired Finxact
Fiserv acquired Finxact for $650 million.
2022Razorpay
Acquires Curlec (Malaysia), Ezetap (offline POS), IZealiant and PoshVine; RBI pauses new online merchant onboarding pending its payment aggregator licence.
2023Fiserv
Move to NYSE as FI
Fiserv transferred its listing to the New York Stock Exchange under the ticker FI.
2023Razorpay
Receives final RBI authorisation as an online payment aggregator.
2025Fiserv
Mike Lyons becomes CEO; stock crashes
Lyons took over in May 2025 when Bisignano became Social Security Commissioner. On October 29, 2025, shares fell 44% after a guidance cut; Paul Todd became CFO and the company returned to Nasdaq as FISV.
2025Razorpay
Converts to Razorpay Software Limited and completes reverse flip of its parent from the US to India (May); FY25 revenue rises 65% to ~$439 million (₹3,783 crore).
2026Fiserv
Takis Georgakopoulos named CEO
Lyons left in June 2026 to run Truist; Georgakopoulos was appointed CEO. In August, Fiserv cut 2026 guidance after a 4% Q2 revenue decline.
2026Razorpay
Appoints IPO bankers (February) and confidentially files draft IPO papers with SEBI (June).
Acquisitions
Fiserv
- Finxact2022$650M
- First Data Corporation2019$22B
- CheckFree Corporation2007$4.4B
Razorpay
- Ezetap2022$200M
- Curlec2022Undisclosed
- IZealiant Technologies2022Undisclosed
- PoshVine2022Undisclosed
- Thirdwatch2019Undisclosed
Questions about Fiserv vs Razorpay
Who is the CEO of Fiserv, Inc. and Razorpay?
Fiserv, Inc. is led by Takis Georgakopoulos and Razorpay is led by Harshil Mathur. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Fiserv, Inc. founded vs Razorpay?
Fiserv, Inc. was founded in 1984 — 30 years before Razorpay, which was founded in 2014. Fiserv, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Razorpay.
How many employees does Fiserv, Inc. have compared to Razorpay?
Fiserv, Inc. employs approximately 38,000 people, while Razorpay employs approximately 3,500. Fiserv, Inc. has the larger workforce at 38,000 employees, compared to Razorpay's 3,500. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Fiserv, Inc. and Razorpay headquartered?
Fiserv, Inc. is headquartered in United States and Razorpay is headquartered in India. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Fiserv, Inc. and Razorpay?
Fiserv, Inc. was founded by Leslie M. Muma, George D. Dalton. Razorpay was founded by Harshil Mathur, Shashank Kumar.
Which company has a longer operating history — Fiserv, Inc. or Razorpay?
Fiserv, Inc. has been operating for approximately 42 years, making it the more established of the two companies. Razorpay has been in operation for around 12 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Fiserv vs Razorpay overview