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 significant move toward digitising legislative processes, Union Minister Dr. L. Murugan inaugurated the…
In 2025, the world’s most powerful and valuable brands are driven by technology, innovation, consumer…
In a major boost to sustainable financing, the Reserve Bank of India (RBI) will re-issue…
A desert is defined not by temperature but by its extremely low annual precipitation. This…
Raspberries are small, sweet and juicy fruits loved by people all over the world. They…
In a major move to enhance investor protection and curb online financial frauds, the Securities…
![](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"/>)
