Categories: Business

Razorpay buys majority stake in Malaysian startup “Curlec”

Razorpay has expanded into South-East Asia with the acquisition of a majority stake in a Malaysian fintech firm Curlec, valuing the company between $19-20 million. Razorpay expects to complete the full acquisition in the next one-and-a-half years. The Kuala Lumpur-based, Curlec builds solutions for recurring payments for businesses. This marks Razorpay’s fourth acquisition overall and its first in the international markets.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

This acquisition will allow us to quickly ramp up and start scaling in Southeast Asia as a market. Curlec has been powering recurring payments for multiple companies in the Malaysian market. With them as part of this team, we will have a local team that understands the nuances of the market in Malaysia and Southeast Asia at large.

Important takeaways for all competitive exams: 

  • Razorpay CEO: Harshil Mathur;
  • Razorpay Founded: 2013;
  • Curlec was founded by Zac Liew and Steve Kucia in 2018.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Puducherry Adopts NeVA: A New Era of Digital Legislative Governance Begins

In a significant move toward digitising legislative processes, Union Minister Dr. L. Murugan inaugurated the…

58 mins ago

Top 10 Biggest Brands in the World (2025)

In 2025, the world’s most powerful and valuable brands are driven by technology, innovation, consumer…

59 mins ago

₹5,000 Cr Green Bonds in RBI’s ₹30,000 Cr G-Sec Auction to Fund Eco Projects

In a major boost to sustainable financing, the Reserve Bank of India (RBI) will re-issue…

1 hour ago

Top 10 Biggest Deserts in the World (2025)

A desert is defined not by temperature but by its extremely low annual precipitation. This…

1 hour ago

Top-5 Raspberry Producing Countries in the World in 2025

Raspberries are small, sweet and juicy fruits loved by people all over the world. They…

1 hour ago

SEBI to Launch ‘SEBI Check’ to Verify UPI IDs and Curb Investment Frauds

In a major move to enhance investor protection and curb online financial frauds, the Securities…

1 hour ago