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The Silicon Review Asia

India's Razorpay Acquires Majority Stake in Curlec

India's Razorpay Acquires Majority Stake in Curlec

This is Razorpay's first ever international acquisition

India's leading banking and payments platform Razorpay has acquired majority stake in Curlec, a recurring payments pioneer based out of Kuala Lumpur. The acquisition is part of Razorpay's efforts to expand in Southeast Asia.

Curlec is Razorpay's fourth ever acquisition. Curlec builds new-age technology solutions on top of existing payments infrastructure to make it easier for businesses of all sizes to collect recurring payments and take control of their cash flow. This acquisition will help both companies build and scale seamless payment solutions for Malaysian businesses.

Commenting on Razorpay’s first international expansion, Harshil Mathur, CEO and Co-Founder, Razorpay said, "With Curlec coming onboard, we at Razorpay are really excited as we mark our first step towards expanding in the South East Asia region. With the vast experience in a heterogenous market like India over the last seven years, our expansion to the Southeast Asia payments market is timed exactly to coincide with the company’s growing dominance in all things payments."

Razorpay is a fintech pioneer based out of India. Recently recognized as India's Most Valued Private Fintech Company, Razorpay serves many businesses including the likes of Facebook, Ola, Zomato, Swiggy, and Cred.

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