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:
Friendship Day is a day dedicated to honoring one of the most important relationships in…
The Pithora painting of Gujarat, an ancient wall painting practice of the Rathwa tribe of…
Air Marshal A K Bharti, being one of Indian Air Force's top officers and the…
On 01st of August 2026, Prime Minister Narendra Modi inaugurated the Alluri Sitarama Raju International…
According to the monthly GST revenue report released by the government, the total GST collections…
The Indian athlete Tejaswin Shankar has created the history as he became the first Indian…