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:
The IPL Winners List stands out as a highly searched topic related to the Indian…
Fog is a natural weather condition that happens when water droplets hang in the air,…
December, the last month of the year, is a month full of important days that…
"Punjab Kesari" means "The Lion of Punjab." This title is given to Lala Lajpat Rai,…
India scripted history, on November 25, 2024, with a massive 295-run victory against Australia in…
The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, currently Executive Director of Punjab…