SEA Dealbook: 500 Startups backs Curlec; Thailand’s B-Concept raises $5m

500 Startups has invested in Malaysian recurring payment platform Curlec, while Thailand’s B-Concept Media Entertainment Group has raised $5 million.

500 Startups invests in Malaysian recurring payment platform Curlec

Malaysian fintech startup Curlec said Monday it has secured new investment from US-based venture capital firm 500 Startups to spruce up its operations through product development, strategic initiatives and undertake market expansion.

Curlec makes it easy for businesses to collect recurring payments and take control of their cash flow, building technology on top of the direct debit bank-to-bank payment infrastructure.

Curlec now serves businesses of all sizes from small and medium enterprises (SMEs) to enterprises, and has processed over RM250 million ($58 million) through the platform since launching in early 2018.

“In light of Covid-19, we continue to see growth in our offering, with many traditional businesses having to shift online. Despite the lockdown in Malaysia, we are continuing to average 20% month-on-month growth this year in transaction volumes, which just highlights the current demand that businesses have to move towards online recurring payments. We are thrilled to have a VC like 500 Startups believe in us and support us in this journey,” said Curlec founder and CEO Zac Liew in a statement.

Thailand’s B-Concept Media Entertainment Group raises $5m

Thailand-based B-Concept Media Entertainment Group said Monday it has raised $5 million for its marketing, events, production and ticket businesses.

“We continue to implement our mission and create live experiences with digital solutions to connect fans and businesses to these events and technologies help these communities to have meaningful conversations online and offline,” B-Concept CEO William Kuipers said in a statement.

The company recently acquired M Productions Asia, rebranded into B-Concept MPA, launched a social and teambuilding technology and is in the process of starting a new ticket technology under the ticket brand TixTaQ.

B-Concept Group develops and manages content, events, formats, marketing, distribution, purchasing and insight for advertisers and consumers, operating different media channels and communities, including Thailand Event Guide, EZY Go Activities and Gay Asia Traveler.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.