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:
Emil von Behring, born on March 15, 1854, in Prussia (now Poland), is celebrated as…
The nuclear power reactor that achieved criticality is the first of a new series of…
Prime Minister Narendra Modi laid the foundation stone for the PM Mega Integrated Textile Regions…
Haryana, located in northern India, is known for its rich cultural heritage, historical significance, and…
Raksha Mantri Shri Rajnath Singh, flagged-in, in New Delhi, a first-of-its-kind Open Water Swimming Expedition…
Dhruvi Patel, a Computer Information System student from the USA, has been declared the winner…