Fintech unicorn Razorpay has acquired a majority stake in Curlec in a deal that values the Malaysian payments startup at over $19 million. Razorpay will fully acquire the company later in 18 months.
Overall this is the fourth acquisition of Razorpay and the first acquisition in a foreign country. Prior to this, Razorpay has acquired TERA Finlabs in 2021, Opfin in 2019 and Thirdwatch in 2018. With this, Razorpay aims to expand in the South East Asia region.
