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:
Viswanathan Anand, the former world chess champion from India, achieved a remarkable feat. He won…
Former India midfielder Bhupinder Singh Rawat, who played in the 1969 Merdeka Cup in Malaysia…
Every year on July 2, people around the world celebrate World UFO Day. This special…
Sports play a vital role in our lives. For some, it's a fun activity, while…
The new criminal laws, the Bharatiya Nyaya Sanhita (BNS), the Bharatiya Nagarik Suraksha Sanhita (BNSS)…
Apples are among the most widely cultivated and consumed fruits globally, valued for their flavor,…