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:
Union Home Minister and Minister of Cooperation Amit Shah launched a Central Bank Digital Currency…
The Henley & Partners Henley Passport Index 2026 has delivered a surprising update for Indian…
In a historic infrastructure decision, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime…
Did you know there is a country in the world whose identity is closely linked…
In a major push to urban infrastructure, the Union Cabinet chaired by Prime Minister Narendra…
Prime Minister Narendra Modi inaugurated major infrastructure projects in Assam, including the Kumar Bhaskar Varma…