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 there is a special Olympic event where athletes don’t run on tracks…
Did you know the Olympic Games were not always about snow and ice? When the…
India’s economic outlook for 2026 has received a fresh boost from global financial experts. Goldman…
Kerala is on the verge of creating history in its judicial system. In a powerful…
India has achieved a major global recognition in sustainable agriculture by being designated the Country…
Reserve Bank of India (RBI) has approved the appointment of R Vijay Anandh as the…