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:
Every year on June 15, the world comes together to observe World Elder Abuse Awareness…
Every year on June 14, countries around the globe observe World Blood Donor Day to…
In a historic development for cross-border sustainable finance, DFCC Bank PLC of Sri Lanka has…
In a significant step towards boosting indigenous defence capabilities, the Indian Army has successfully conducted…
The Reserve Bank of India (RBI) has issued final directions allowing higher loan-to-value (LTV) ratios…
In a major leadership transition, Sun Pharmaceutical Industries Ltd, India’s largest pharmaceutical company, has appointed…
![](data:image/svg+xml;charset=utf-8,<svg height="200px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
