Curlec, an online Direct Debit payments company has announced the completion of their seed funding round, led by Captii Ventures.

It plans to use this fresh capital to further grow their Malaysian operations and take their online Direct Debit payments platform to the mass SME market.

Launched in early 2018, Curlec enables businesses to collect recurring payments. They claim to have processed  in excess RM50 million worth of transactions and now serves companies such as CTOS, Funding Societies, HelloGold as well as a wide range of SMEs.

Whilst Direct Debit has been widely available since 2010, Curlec claims that their solution is more efficient and requires less paperwork.