MoneyLion’s Malaysian Co-Founder Foong Chee Mun Steps Down as CTO
by Fintech News Malaysia January 9, 2023Foong Chee Mun announced in a LinkedIn post that he will be stepping down as the Chief Technology Officer of MoneyLion.
He said the decision was made after “much thought and consideration” and that it was time for him to move on to new challenges and opportunities.
Foong is one of the co-founders of MoneyLion, which was formed nearly a decade ago, alongside current CEO Dee Choubey.
He was the first Malaysian fintech founder to be on the New York Stock Exchange (NYSE) in October 2021.
MoneyLion had formed a consortium with AEON Credit as well as its parent company AEON Financial Service to secure one of the five digital banking licenses in Malaysia.
The ACS Digital consortium, led by Raja Teh Maimunah Raja Abdul Aziz as its CEO, is expected to launch its operations by the end of this year following a review by the Bank Negara Malaysia.
