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 International Cricket Council has suspended the Cricket Canada membership with the immediate effect. ICC…
Meesho has partnered with the BSE (Bombay Stock Exchange) to launch Project Shikhar. This initiative…
A Tamil Nadu farmer who emerged as the inspiring example of how the sustainable agriculture…
Indian teenagers Vivaan Chhawchharia, Ariana Agarwal, and Avyana Mehta won the 2926 Earth Prize as…
India's seafood sector recorded the highest-ever export performance in both volume and value in the…
Indian fashion star Bhavitha Mandava has secured the in the prestigious Forbes 30 Under 30…