11 Fintechs Join MDEC’s Digital Financial Services Marketplace eBerkatby Fintech News Malaysia November 30, 2020
MDEC has collaborated with eleven fintech firms to ” further promote the financial health of B40 communities and SMEs “. The newly unveiled platform is known as eBerkat Marketplace currently consist of the following players: Senang PKS, microLEAP PLT, Fundaztic, Sedania As Salam, MYTHEO, Aspirasi, HelloGold, Vsure Life, Funding Societies, PolicyStreet, and Luno Malaysia.
The participating companies comprise players who are operating in the following verticals: insurtech, P2P lending, islamic fintech, robo advisory, wealthtech, and cryptocurrency exchange.
According to their statement, the eBerkat Marketplace’s main objective is to ensure everyone receives protection from financial or health insurance coverages, financial security through investments, and micro-financing opportunities for innovation as well as high-growth potential to expand their businesses.
“As the country goes through the current uncertainty of the Covid-19 pandemic, MDEC wants to continue to drive digital economic growth and foster better financial inclusion. This eBerkat marketplace platform came in at a right time and it will certainly help the B40 communities and MSMEs to protect and grow their financial health,”
said En. Norhizam Bin Kadir, MDEC’s Vice President of Fintech and Islamic Digital Economy.
The initiative is a Public-Private Partnership (PPP) initiative led by MDEC in collaboration with the Fintech industry and spearheaded by Silverlake Digital INX Sdn. Bhd.