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:
India's Mera Yuva Bharat (MY Bharat) has been awarded a Guinness World Records (GWR) title…
In the year 2026 where the FIFA World Cup 2026 expanded to the 48 teams…
After Every 4 years people wait eagerly for the world's biggest sporting event in the…
India achieved the significant milestone in the environmental conservation as the Jai Prakash Narayan Bird…
As we all know that World's largest sporting event The FIFA World Cup 2026 set…
The West Bengal Legislative Assembly has signed the Memorandum of Understanding (MoU) for the implementation…