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:
The Reserve Bank of India with the concurrence of the Government of India has decided…
In a heartwarming celebration of linguistic and cultural ties between India and Nepal, Dr. Usha…
After a successful first season in Dubai, the Global Chess League will return for another…
The Pench Tiger Reserve in Maharashtra has taken a significant step forward in wildlife protection…
Adani Defence & Aerospace has signed an agreement with Thales Group to manufacture 70mm rockets locally. This strategic…
Here, we are discussing about the winners of the ICC Men's T20 World Cup from…