Fintech startup, Curlec by Razorpay has announced its latest offering, Curlec Payment Gateway that aims to serve more than 5,000 businesses with a target of RM10 billion in annualised Gross Transaction by 2025.
In leveraging Razorpay India’s industry-first solutions and its extensive experience working with multiple sectors, Curlec intends to incorporate the same technology that has proven to be successful in the Indian market.
“We recognise the power of payments in Malaysia and what it means for businesses of all sizes, regardless of sector. Our extensive experience operating in India’s diverse and dynamic market has prepared us to pursue growth on a global scale. When we joined forces with Curlec a year ago, our vision was to build products that cater to the needs of Southeast Asian users. The unveiling of the new Curlec Payment Gateway today is a first step in that direction,” said Shashank Kumar, Managing Director & Co-founder, Razorpay.
“With the launch of the Curlec Payment Gateway, we are now a full-stack payment solutions provider, having combined the expertise of both Curlec and Razorpay India.
We hope to build on our recent significant traction, notably in insurance, lending, and savings, where we tracked a 110% increase in transaction volumes. With Curlec providing an unrivalled payment experience for our customers, we are targeting 10X growth by 2025,” said Zac Liew, Co-Founder and Chief Executive Officer of Curlec by Razorpay.
“Driven by the goal of simplifying payments for Malaysian startups and enterprises, Curlec will continue to build a stronger focus on customer needs, and the new payment gateway will help Malaysian businesses scale seamlessly with industry-first solutions and uncompromised support,” he added.