Finory, a Malaysian personal finance management app, has secured investment from 1337 Ventures. The sum was not disclosed.
Initially designed to help users track spending, manage multiple accounts, and optimise cashback opportunities, Finory consolidates credit card and bank statements into a single view, providing insights into financial habits.
Finory is now applying its transaction parsing, categorisation, and analysis technology to provide enriched financial insights to banks and fintech firms, helping them improve personal finance and lending processes.
This investment supports Finory’s shift from a consumer-focused app to a broader fintech solution provider.
Kee Hui Jiang, Co-Founder of Finory, shared,
“Managing multiple accounts and credit cards can be overwhelming for many Malaysians, which is why we created Finory. While our app simplifies personal finance, we saw an opportunity to extend the same technology to empower banks and fintechs.
By providing enriched financial data and insights, we are now helping financial institutions streamline lending assessments and better serve their customers. With the support from 1337 Ventures, we are reaching new heights and addressing even broader financial needs.”
Bikesh Lakhmichand, CEO and Founding Partner of 1337 Ventures, added,
“Finory’s growth is a testament to their ability to innovate and scale. What started as a personal finance solution for Malaysians has now evolved into a platform that empowers financial institutions with deeper insights and smarter tools.
This expansion into fintech and banking services marks a significant milestone for Finory, and we’re excited to see their impact continue to grow.”
Featured image credit: Edited from Freepik
