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

Recent Posts

China Becomes First Country to Retrieve Rocks From the Moon’s Far Side

China’s Chang’e 6 spacecraft has successfully brought samples from the far side of the moon…

17 mins ago

Fastest T20 Century in Men’s Cricket, Check the Complete List

Cricket is a sport known for its various achievements, but scoring a century (100 runs)…

58 mins ago

Kotak Mahindra Bank Plans to Open Up to 200 New Branches in FY25

Kotak Mahindra Bank in India plans to expand its branch network by 175 to 200…

2 hours ago

India’s First AI University Appoints Award-Winning American Professor as VC

India’s first artificial intelligence university, Universal AI University (UAIU), has appointed international strategist and multiple…

2 hours ago

Tallest Buildings in the World, List of Top 10

Architects and engineers are consistently pushing the boundaries to create towering structures known as skyscrapers,…

2 hours ago

Bharat Centre of Olympic Research and Education launched

The Bharat Centre of Olympic Research and Education (BCORE) was inaugurated on June 23, at…

3 hours ago