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:
India and Bosnia & Herzegovina held the 4th Foreign Office Consultations (FOC) in Sarajevo, led…
The 13th National Seed Congress (NSC) 2024, organized by the Ministry of Agriculture & Farmers’…
India is a land of diversity, and every state has its unique identity. However, one…
The deep depression over the Southwest Bay of Bengal, likely to intensify into Cyclone Fengal,…
The 55th International Film Festival of India (IFFI) came to a magnificent conclusion on 28th…
GA Capsule for IBPS PO: Candidates appearing for the IBPS PO 2024 for the Probationary…