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 women leaders around the world are shaping major decisions that affect…
The year 2025 became a proud moment for Indian cricket fans as the Indian women’s…
The T20 World Cup has evolved into one of the most prestigious trophies in global…
Operation Sindoor which was launched by the Indian Armed Forces in 2025 May. It became…
Did you know that many powerful companies in India are led by talented and visionary…
The Indian Army has appointed the Lt Gen Pushpendra Pal Singh as the next General…