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

Pradeep Singh Kharola Has Been Assigned The Additional Charge of NTA DG

The Director General of the National Testing Agency, Subodh Kumar Singh, was removed from the…

24 hours ago

53rd GST Council Meeting Overview

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate…

1 day ago

Top-10 Hazelnuts Producing Countries in the World

Hazelnuts, cherished for their rich flavor and versatility, are a staple in culinary creations worldwide.…

1 day ago

Most Coconut Exporting Country in the World

Coconuts, with their versatile uses ranging from culinary to cosmetic, hold significant global economic value.…

1 day ago

Largest Mushroom Producing State in India

Mushrooms, often hailed as a superfood, have seen a surge in demand globally due to…

1 day ago

The First Village in India to Witness the Sunrise

India, a land of diverse cultures, unique traditions, and rich heritage, stands out distinctly from…

1 day ago