{"id":70,"date":"2022-02-08T17:45:42","date_gmt":"2022-02-08T09:45:42","guid":{"rendered":"https:\/\/curlec.com\/?p=13713"},"modified":"2022-02-09T11:25:48","modified_gmt":"2022-02-09T03:25:48","slug":"announcing-the-acquisition-of-a-majority-stake-in-curlec-by-razorpay","status":"publish","type":"post","link":"https:\/\/curlec.blog.razorpay.in\/blog\/press\/announcing-the-acquisition-of-a-majority-stake-in-curlec-by-razorpay\/","title":{"rendered":"Announcing the Acquisition of a Majority Stake in Curlec by Razorpay, India\u2019s Leading Payments &#038; Banking Platform"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"70\" class=\"elementor elementor-70\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a5e4f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a5e4f9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f08f1a5\" data-id=\"f08f1a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0822496 elementor-widget elementor-widget-text-editor\" data-id=\"0822496\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p><b>Kuala Lumpur, 8 February 2022 &#8211; <\/b><span style=\"font-weight: 400;\">Curlec is proud to announce the acquisition of a majority stake in our business by RazorPay, India\u2019s leading Payments and Banking Platform for Businesses as part of its first international expansion into Southeast Asia. <\/span><span style=\"font-weight: 400;\">This marks Razorpay\u2019s fourth acquisition overall and its first in international waters.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">Razorpay, recently crowned as India\u2019s Most Valued Private Fintech company, serves over 8 million businesses <\/span><span style=\"font-weight: 400;\">including the likes of Facebook, Ola, Zomato, Swiggy, Cred <\/span><span style=\"font-weight: 400;\">and <\/span><span style=\"font-weight: 400;\">achieved $60 Bn Total Payment Volume (TPV) as of early December 2021. The Fintech Unicorn <\/span><span style=\"font-weight: 400;\">is at the forefront of India\u2019s digital financial revolution building the central nervous system for Digital India, with clear dominance in digital payments and its fast growing business neobanking arm, RazorpayX.\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">Leading the baton of innovation within the region, 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 marks an exciting new stage for Curlec, as both companies look to build and scale seamless payment solutions for Malaysian businesses, as well as enable global payments for the Indian businesses through this acquisition.\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;We are incredibly excited to be combining forces with Harshil, Shashank and the Razorpay team. We\u2019ve long admired what they\u2019ve built in India from afar and are fully aligned with a common vision of building payment and banking solutions from top to bottom, for any business. We look forward to the next phase of our journey and scaling together across Malaysia and Southeast Asia<\/span><\/i><span style=\"font-weight: 400;\">,\u201d said Zac Liew, Co-Founder &amp; CEO of Curlec.\u00a0\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">Commenting on Razorpay\u2019s first international expansion, <\/span><b>Harshil Mathur, CEO and Co-Founder, Razorpay<\/b> <span style=\"font-weight: 400;\">said, <\/span><i><span style=\"font-weight: 400;\">\u201cWith 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\u2019s growing dominance in all things payments.\u201d\u00a0<\/span><\/i><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">He added, <\/span><i><span style=\"font-weight: 400;\">\u201cThe team and values of Curlec mirrors that of ours in every sense. It is incredible to witness the scale of impact that Zac, Steve and the Curlec team have created in such a short span of time. Curlec has a similar culture like Razorpay and the same product and tech first philosophy of building products and delighting customers. And so, we are eagerly waiting to work with Curlec\u2019s incredible talent and strength.\u00a0 With a measured approach, we look forward to learning the nuances of Malaysia, their business and customer needs, and slowly adapt and build products tailored to the SEA geography. Together, we are confident that we will be optimally positioned to take on the unique challenges that both India &amp; Malaysian markets put forth, and look forward to reimagining and transforming the payments ecosystem in South-East Asia.\u201d\u00a0\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">For more information on the story, visit RazorPay\u2019s blog post <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-acquires-leading-malaysian-fintech-startup-curlec\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\"> or media coverage on <\/span><a href=\"https:\/\/fintechnews.my\/30606\/payments-remittance-malaysia\/indias-razorpay-acquires-majority-stake-in-payments-firm-curlec\/\"><span style=\"font-weight: 400;\">FinTech News Malaysia<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/economictimes.indiatimes.com\/small-biz\/sme-sector\/razorpay-announces-international-expansion-with-acquisition-of-malaysias-curlec\/articleshow\/89424339.cms\"><span style=\"font-weight: 400;\">The Economic Times India<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.astroawani.com\/berita-bisnes\/razorpay-ambil-alih-syarikat-fintech-malaysia-curlec-345816\"><span style=\"font-weight: 400;\">Astro Awani<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.malaymail.com\/news\/money\/2022\/02\/08\/razorpay-acquires-majority-stake-in-malaysian-fintech-firm-curlec\/2040240\"><span style=\"font-weight: 400;\">MalayMail<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/razorpay-curlec-acquisition-280613\/\"><span style=\"font-weight: 400;\">Deal Street Asia<\/span><\/a>.<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur, 8 February 2022 &#8211; Curlec is proud to announce the acquisition of a majority stake in our business by RazorPay, India\u2019s leading Payments and Banking Platform for Businesses as part of its first international expansion into Southeast Asia. This marks Razorpay\u2019s fourth acquisition overall and its first in international waters. Razorpay, recently crowned [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":13726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcing the Acquisition of a Majority Stake in Curlec by Razorpay, India\u2019s Leading Payments &amp; Banking Platform - Curlec<\/title>\n<meta name=\"description\" content=\"Curlec has been selected as one of five inaugural cohort of startups to be part of Visa\u2019s first ever Accelerator Program in Asia Pacific this 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/curlec.blog.razorpay.in\/blog\/press\/announcing-the-acquisition-of-a-majority-stake-in-curlec-by-razorpay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcing the Acquisition of a Majority Stake in Curlec by Razorpay, India\u2019s Leading Payments &amp; 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