Razorpay has expanded into South-East Asia with the acquisition of a majority stake in a Malaysian fintech firm Curlec, valuing the company between $19-20 million. Razorpay expects to complete the full acquisition in the next one-and-a-half years. The Kuala Lumpur-based, Curlec builds solutions for recurring payments for businesses. This marks Razorpay’s fourth acquisition overall and its first in the international markets.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
This acquisition will allow us to quickly ramp up and start scaling in Southeast Asia as a market. Curlec has been powering recurring payments for multiple companies in the Malaysian market. With them as part of this team, we will have a local team that understands the nuances of the market in Malaysia and Southeast Asia at large.
Important takeaways for all competitive exams:
Kaal Bhairav Jayanti is an important Hindu festival dedicated to Lord Kaal Bhairav, a fierce…
Armenia has become the 104th full member of the International Solar Alliance (ISA), marking a…
Justice Harjit Singh Bedi, former Supreme Court judge and ex-Chief Justice of the Bombay High…
General Upendra Dwivedi, the Chief of Army Staff (COAS) of the Indian Army, was recently…
India’s first Constitution Museum, inaugurated by Lok Sabha Speaker Om Birla on November 23, 2a024,…
In a landmark development, Bihar will host the prestigious Khelo India Youth Games (KIYG) and…