Captii Ventures leads seed round into Malaysian online payments startup Curlec

Multi-stage investor Captii Ventures has led a seed funding round into Curlec, a Malaysia-based online direct debit payments company, according to an official release.

Terms of finance of the investment were not disclosed.

Curlec plans to use the proceeds to further grow its Malaysian operations and expand its presence in the SME market.

Launched in early 2018, Curlec makes it easy for businesses to collect recurring payments and take control of their cash flow. Curlec now enables businesses of all sizes to access this payment mechanism by providing a simple, online solution that offers APIs to automate the entire collection workflow.

“I believe that this new addition into Captii Venture’s portfolio will bring great value to the payments ecosystem, initially in Malaysia and later throughout Southeast Asia,” said Ng Sai Kit, Chief Executive of Captii Ventures.

“There is a large opportunity in this space, as direct debit has traditionally been the hardest payment method for businesses and consumers to access prior to the introduction of Curlec. We have been tracking Curlec’s progress since as early as March 2018 and they have achieved significant milestones to date,” he added.

Curlec, a VC-backed fintech company, offers a simple solution for collecting direct debit & FPX payments online, allowing businesses to be in control of when they get paid.

“Cash flow is the lifeblood of any business, particularly with SME companies, and up until now collecting payments has been incredibly admin-heavy and expensive. SMEs have traditionally been underserved by banks, so we are stepping in to provide a simple solution that takes the pain out of collecting payments so they can focus on growing their business,” said Zac Liew, co-founder and CEO of Curlec.

Captii Ventures invests in marketplaces, new media, fintech, agritech & enterprise applications. Its investments include Curlec, Digify, PouchNation, AzStack, Shoppertise, Mimosatek, BFab, Avana, Alterra, UangTeman, Sorabel, Muslim Pro, Sendhelper, OnOnPay and Computer Guys.

Also Read:

Singapore’s Sendhelper raises $444k seed funding led by Captii Ventures

Captii Ventures bullish about Vietnam’s startup ecosystem 

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.