Acquisition
Razorpay buys majority stake in Malaysia's Curlec
By Startup Enthusiast ·
- Date
- Company
- Razorpay
- What it does
- First overseas acquisition
- Kind
- Acquisition
- Amount
- Valuation over $19 million
- Based in
- Bengaluru
- Founded
- 2014
What they do
Razorpay took a majority stake in Curlec in February 2022, in a deal valuing the Malaysian startup above $19 million
What happened
Curlec, based in Kuala Lumpur, builds recurring-payment tools for businesses
Why it matters
The company planned to buy the rest within 18 months; it was Razorpay's fourth acquisition and first abroad
The details
- Razorpay bought a majority of Curlec in February 2022.
- Curlec is a Malaysian recurring-payments firm.
- The rest was to be bought within 18 months.
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- Razorpay recognized among world's top fintech companies in payments category1 August 2026 · Award
- Razorpay confidentially files for IPO15 June 2026 · IPO · $600 million (planned)
- Apuarv Sethi named Razorpay CMO16 May 2026 · People
- Razorpay files confidential IPO papers20 April 2026 · IPO · $600 Mn to $700 Mn