Funding

MDEC to Funnel Deal Flows to ASEAN Fintech Group Through New Partnership

by Fintech News Malaysia January 26, 2022 0 comments

The Malaysia Digital Economy Corporation (MDEC) has partnered with the ASEAN Fintech Group (AFG) with aims to enhance initiatives aimed at scaling up Malaysian fintech companies.

Their collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem support and joint amplification.

MDEC will curate deal flows and funnel potential Malaysian fintech companies to AFG.

Meanwhile, AFG will explore funding facilitation opportunities for Malaysian tech companies with a focus on fintech firms through its regional network for potential investment and acquisition.

AFG operates across four verticals, payments, BNPL, insurtech and digital wealth management.

Among the Malaysian fintech companies currently under AFG’s roster includes insurtech firm Fatberry.com and payment service platform BetterPay.

Mahadhir Aziz

“Working closely with fintech ecosystem partners, we are optimistic that the partnership will create more opportunities for these companies in advancing their business with access to regional markets and funding,”

said Mahadhir Aziz, CEO, MDEC.

Lau Kin Wai

“We have a number of Malaysian Fintech Companies who form parts of our network who have not only seen growth but are in the midst of going regional through the AFG’s support.

 

We see great potential in MDEC’s programmes which is why we have chosen Malaysia as our preferred hub to expand into the ASEAN region,”

said Lau Kin Wai, Executive Director, ASEAN Fintech Group