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:
In a significant policy shift, the Indian Railways has announced a reduction in the Advance…
In a significant move, the Hemant Soren cabinet in Jharkhand has increased the monthly honorarium…
The Uttarakhand Madrasa Education Board (UMEB) has proposed making Sanskrit a compulsory subject in 416…
Union Minister of State for Science and Technology, Dr. Jitendra Singh, has inaugurated Pavana Chitra,…
The Tata Group is one of India's largest and most respected business organizations. It was…
In a significant move to strengthen bilateral ties, the Indo-Turkiye Friendship Association (ITFA) was inaugurated…