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:
International Civil Aviation Day 2025, celebrated annually on December 7, recognizes the pivotal role of…
Armed Forces Flag Day is an annual national observance in India held on 7 December. It…
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
In the animal kingdom, many creatures are known for their speed, strength, or sharp senses,…
Some countries in the world are famous for their unique names that reflect their culture,…
Canada is a country known for its love of sports. Many games are played across…