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.