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:
Large, multigenerational business empires continue to dominate the global wealth landscape. According to the latest…
The 2nd WHO Global Summit on Traditional Medicine has officially begun in New Delhi on…
Jammu and Kashmir is hosting its first-ever International Indian Style Wrestling (Dangal) event along with…
Singapore’s Changi Airport has once again reaffirmed its global leadership in aviation by being named…
Coffee Plantation in India is a globally significant agricultural activity that connects biodiversity conservation, tribal…
Rainforests are some of the most amazing places on Earth, full of tall trees, colorful…