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:
Air Marshal Jasvir Singh Mann, AVSM, VSM appointed as the new Air Officer Commanding-in-Chief (AOC-in-C)…
GAGAN (GPS Aided GEO Augmented Navigation), that is India's indigenous Satellite-Based Augmentation System (SBAS) and…
On 1st July, 2026 Lieutenant General Rajesh Pushkar, AVSM, VSM, assumed the charge as the…
The National Payments Corporation of India (NPCI) has partnered with HSBC India and JP Morgan…
As Akashvani marks 90 years of public service broadcasting, it prepares for the centenary of…
The Ministry of Steel has granted Miniratna Category-I status to MECON Limited and it marks…