IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.

IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.

All the Malaysian companies featured in IDC’s list were also featured in our Top 20 Fintech in Malaysia list as well

5 Fast Growing FinTechs in Malaysia

BOOST

Boost is a popular e-wallet brand operated by telco player Axiata Group

JIRNEXU

Jirnexu operates Malaysia’s most popular financial marketplace RinggitPlus which provides an end-to-end online application solution for Malaysians to research, compare and select banking and insurance products. They also operate under the brand name KreditGogo in Indonesia.

SOFT SPACE

Founded in 2012, Soft Space among one of the most innovative payments service provider in Malaysia with over 20 financial institutions in 10 countries adopting its solution.

TNG DIGITAL

TNG Digital is formed as a joint venture between Ant Financial and Touch ‘n Go. They are best known for the e-wallet brand Touch ‘n Go eWallet.

TRANGLO

Tranglo is a cross border payments specialist. They are supporting remittance functions for major global brands like TransferWise, WeChat Pay, AliPay and many more.

Note: The list is arranged alphabetically. Source: IDC, 2020