Curlec by Razorpay, a fintech payment gateway in Malaysia, has partnered with Singapore’s Seedflex Technologies to offer its merchants seamless access to the “Pay-As-You-Sell Advance” (PAYS Advance) solution.
PAYS Advance offers merchants up to 10 weeks of sales as an advance and is a Shariah-compliant financing solution with no long forms, a transparent one-time flat fee, and no hidden charges.
Designed to provide straightforward and hassle-free credit access for merchants, PAYS Advance is a dynamic credit solution that adjusts based on future revenue projections, repaid through automatic deductions from future sales.
This allows Curlec merchants to easily access Seedflex’s PAYS Advance solution by registering their interest to receive approval with no activation costs, with funds being deposited within 48 hours.
The credit repayment is managed via automated deductions from future transaction settlements with Curlec.
Launched in 2018, Curlec is a full-stack payments solution that enables businesses of all sizes to collect payments, automate payouts and manage their cash flow.
“Seedflex are a like-minded partner after our true heart to serve the underserved and provide innovative financial solutions to burgeoning entrepreneurs.
Partnering with Seedflex was a perfect alignment and we’re excited to see how PAYS Advance can enable and empower our merchant base to take their businesses to the next level and achieve dreams that they never previously thought possible.”
said Zac Liew, CEO and Co-founder of Curlec.
“We’re thrilled to team up with Curlec because of their strong reputation and focus on customer-led innovation in payments.
We’re passionate about helping underdog entrepreneurs succeed and believe every merchant deserves a fair chance and the right to access credit. We can’t wait to help Curlec merchants in Malaysia flourish and continue innovating new products that will give them the best opportunity to win.”
said Ritwik Ghosh, CEO and Co-founder of Seedflex.
Featured image credit: Edited from Freepik
