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:
Introduction The T20 World Cup is one of the most eagerly awaited events in the…
Kannauj, a small city in the northern state of Uttar Pradesh, India, has earned the…
Lt Gen NS Raja Subramani is set to be the next Vice Chief of Army…
Rohit Sharma became the first player to hit 200 sixes in T20Is during the T20…
Nayab Singh Saini announced that the reservation for the backward classes in Group-A and Group-B…
In Ladakh, as a tribute to the heroes of the Kargil War, the Indian Army…