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:
Gopichand Hinduja, one of India’s most respected businessmen and the chairman of the global conglomerate…
Guru Nanak Jayanti, also known as Gurpurab, is one of the most sacred festivals in…
Jannik Sinner has once again climbed to the pinnacle of men’s tennis, reclaiming the ATP…
Global debt continues to surge in 2025, reflecting ongoing fiscal pressures faced by both advanced…
In a groundbreaking achievement in nuclear energy, China has successfully carried out the first-ever thorium-to-uranium…
For the first time since the Taliban’s return to power in August 2021, Afghanistan is…
![](data:image/svg+xml;charset=utf-8,<svg height="200px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
