Curlec Co-Founder and CEO Zac Liew
Indonesian API supplier Brick baggage US$8.5M seed funding
Indonesia-based fintech API supplier Brick has secured US$8.5 million in a seed spherical of funding.
Lead buyers are Flourish Ventures and Antler. Co-investors embody Trihill Capital, Higher Tomorrow Ventures, and Rally Cap Ventures.
Brick will use the cash to realize its mission of powering the following era of fintech firms with easy-to-implement, cost-effective, and inclusive fintech infrastructure. It’ll additionally look to rent senior skills.
Established in 2020 by Gavin Tan, Brick builds APIs for tech firms, making it simpler for them to supply cost, credit score, funding, and insurance coverage merchandise to their customers by connecting these platforms with hyperlocal knowledge sources.
It has round 50 paying shoppers, together with Sinarmas Group and Astra Monetary.
Singaporean logistics agency GoComet banks US$7M Sequence A
Singapore-based logistics agency GoComet has bagged US$7 million in a Sequence A spherical of financing.
Lead buyers are Rider International and Atlas Ventures. Co-investors are Jetty Ventures, Rebright Companions, Leo Capital, and Krishna Capital.
The startup will use the recent funds to develop its platform and develop its enterprise in Europe and the US.
Additionally Learn: Logistics SaaS platform GoComet secures US$2.2M Sequence A funding
This deal takes its complete funding raised to this point to US$9.5 million.
Based in 2018, GoComet makes use of deep-learning algorithms to automate end-to-end logistics operations for firms. The agency permits corporations to cut back freight prices, monitor shipments in real-time, and optimise operations.
Its shoppers embody Solar Pharma, Sapmer, Glenmark, Polyplex, Alliance Tires, Lupin, and ACG.
Razorpay acquires Malaysian fintech agency Curlec
India-based cost gateway firm Razorpay has introduced its worldwide enlargement with the acquisition of a majority stake in Malaysian fintech agency Curlec.
Curlec is a Kuala Lumpur-based firm constructing options for recurring funds for companies of all sizes.
Razorpay mentioned in a press release that it sees nice potential within the Southeast Asian market. Whereas e-commerce is already booming in Malaysia with estimated market dimension of US$21 billion in 2021, an trade report says it’s estimated to develop additional to over US$35 billion by 2025. Malaysian buyers are additionally extra open to cross-border purchases, which account for 40 per cent of all transactions.
“With the entry of latest e-commerce customers, we imagine {that a} broader vary of cost companies can be required to cater to their wants. We’re assured that our partnership with Curlec will open up newer channels for international enterprise enlargement for on-line companies in India and Malaysia,” mentioned the assertion.
Curlec works with a whole bunch of companies throughout Malaysia, together with AXA, Funding Societies, and Axiata Digital. The corporate builds new-age expertise options on high of current funds infrastructure to make it simpler for companies to gather recurring funds.
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The publish SEA roundup: GoComet raises US$7M, Brick baggage US$8.5M, Razorpay acquires Curlec appeared first on e27.
