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:
Did you know that one of the world’s most loved flavours comes from a delicate…
India’s dominance at the Asian Rifle/Pistol Championship continued as Indian shooters added two more gold…
Did you know pulses are one of the oldest foods eaten by humans? From dal…
The Milan Cortina 2026 Winter Olympics delivered high drama on Day 4, with nine gold…
Did you know one of India’s holiest rivers begins its journey high in the icy…
The Ministry of Statistics and Programme Implementation (MoSPI) has announced a comprehensive revision of the…