Razorpay buys majority stake in Malaysian startup “Curlec” at over $19 mn valuation

Razorpay buys majority stake in Malasian startup "Curlec" at over $19 mn valuation
  • Bengaluru-based, Razorpay has acquired a majority stake in a Malaysian payments start-up named “Curlec” for a valuation of more than $19 million. Further Razorpay will acquire the full stake in the coming years.
  • Overall this is the fourth acquisition of Razorpay and the first acquisition in a foreign country. Prior to this, Razorpay has acquired TERA Finlabs in 2021, Opfin in 2019 and Thirdwatch in 2018.
  • With this, Razorpay aims to expand in the South East Asia region. 

Points to remember:

  1. Which firm has acquired the majority stake in “Curlec”?- Razorpay
  2. Who is the CEO of Razorpay?- Harshil Mathur
  3. Where is the headquarters of Razorpay located?- Bengaluru

Source: Business Standard

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