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:
Did you know that India has a neighbouring country whose shape looks just like a…
Did you know glass is not just something we use every day — it is…
India’s agricultural exports to the United States are expected to witness a strong boost, with…
In a major boost to India’s air power, the Defence Acquisition Council (DAC), chaired by…
India’s retail inflation stood at 2.75 percent in January 2026 under the new Consumer Price…
Did you know that some crops are not only food but also the backbone of…