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:
Father's Day is a cherished occasion celebrated annually to honor the special bond between fathers…
The winners of the 2024 Kavli Prize were announced on June 12. Eight winners were…
Raisins, the dried form of grapes, are a nutritious and versatile snack enjoyed globally. These…
Carrots, a staple root vegetable, are widely cultivated across India. They are known for their…
Egypt and Bahrain have joined China as international partners to develop and deliver scientific instruments…
Thousands of Kashmiri Pandits converged at the Kheer Bhawani temple in Kashmir Valley’s Ganderbal district to…