CURRENT AFFAIRS

Detailed explanation-1: -Fintech unicorn Razorpay has acquired a majority stake in Curlec in a deal that values the Malaysian payments start-up at more than $19 million. Razorpay will full acquire the company later in 1.5 years. Kuala Lumpur-based Curlec builds solutions for recurring payments for businesses.

Detailed explanation-2: -BENGALURU: Leading fintech player Razorpay on Tuesday announced its first international expansion with the acquisition of a majority stake in Curlec, a leading Malaysian fintech startup, for an undisclosed sum.

Detailed explanation-3: -Razorpay has acquired a majority stake in Malaysian fintech firm Curlec as it looks to gain a foothold in South East Asia, a market it holds key to its overall growth narrative. The acquisition marks Razorpay’s first international expansion.

Detailed explanation-4: -Fintech unicorn 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.

Detailed explanation-5: -The other previous acquisitions include Malaysia-based fintech firm Curlec (a leading recurring revenue platform), TERA Finlabs, (AI-based risk tech SaaS Platform), Opfin (Payroll & HR management solution), and Thirdwatch (Fraud Analytics AI-platform).