Flying Malaysia’s Flag High, MoneyMatch Clinches Award at Singapore Fintech Festival
by Fintech News Malaysia November 15, 2018MoneyMatch was recognised as one of three winners for the ASEAN SME category of the SG FinTech Awards in conjunction with the Singapore FinTech Festival 2018 from 12 – 16 November 2018.
The FinTech Awards ceremony was witnessed by close to 40,000 attendees who attended the week-long annual international fintech gathering hosted by Monetary Authority of Singapore in collaboration with the Association of Banks in Singapore (ABS).
Other winners in the ASEAN SME category include fintech startups from Indonesia and Thailand. MoneyMatch was the only fintech startup representing Malaysia from a total of 40 shortlisted finalists, due to their win at the Malaysian leg of the ASEAN PitchFest competition organised by PwC in collaboration with MAS prior to SFF 2018.
Adrian Yap, Co-founder and CEO of MoneyMatch shared,
“The ASEAN SME award recognition solidifies what MoneyMatch has always believed; that Malaysian technology companies are dynamic and capable of competing on a global platform such as the Singapore FinTech Festival. He added “We would also like to record our appreciation to Bank Negara Malaysia for allowing us to begin this journey with their innovative sandbox programme, and the encouraging support offered by Cradle Fund Sdn Bhd which has seeded us with their CIP300 technology commercialisation grant earlier this year.”
MoneyMatch is approved by Bank Negara Malaysia under the FinTech Regulatory Sandbox in June 2017 and was the first to launch a fully electronic know-your-customer (eKYC) customer onboarding process through their mobile app.
The company publicly launched its digital remittance platform back in October 2017 and to date has transacted close to MYR 300 million with over 10,000 registered users and close to 500 SME customers taking full advantage of MoneyMatch’s cheaper pricing and faster disbursement speeds compared to existing telegraphic transfer services offered by traditional financial institutions.
MoneyMatch has also grown from just the original three co-founders to a team of 30 full time staff in just a 18 months, providing career opportunities to young Malaysians looking to enter the nascent FinTech industry.
The full list of winners at the Singapore Fintech Festival can be found here
