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:
India is a country full of natural diversity. Some states are famous for deserts, some…
Lt Gen Dhiraj Seth has officially taken the charge as the Vice Chief of the…
World Autism Awareness Day 2026 is observed on the 2nd April every year. The day…
The historic moment for the space exploration NASA has successfully launched the Artemis II mission…
On the 1st of April India observed the foundation day of the Reserve Bank of…
Nuclear Energy plays an important role in India's electricity production. It is one of the…