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:
In a major global trade development, US President Donald Trump has signed an executive order…
In a major step towards a fully digital tolling ecosystem, the Government of India has…
International Mother Language Day 2026 will be observed on 21 February to promote linguistic and…
Renowned Bengali author Mani Shankar Mukhopadhyay, popularly known as Shankar, passed away at the age…
Did you know India’s film industry has a special award that honors legends for their…