GXBank & Grab Picks 8 Fintech Startups For TeXnovasi Programme
The programme will provide mentorship and resources to help these start-ups address key challenges such as digital fraud, financial access for micro-businesses, and customer experience.
This six-month initiative aims to boost innovation in Malaysia’s fintech ecosystem.
Cradle Fund and 1337 Ventures will support TeXnovasi, which will provide mentorship and resources to empower these start-ups. The programme intends to support the development of a tech-driven, financially empowered nation.
GXBank with representatives from the eight local startups selected for TeXnovasi.
The selected start-ups, including Cashku, Du-it, Enprivacy, and FinDoctor.my, focus on solving various financial challenges. These challenges include digital fraud and improving financial access for micro-businesses.
Fadrizul Hasani, GXBank’s Chief Technology Officer, said that the start-ups were chosen for the TeXnovasi Accelerator Programme, based on their potential to improve accessibility, security, and customer experience within Malaysia’s financial sector.
Fadrizul Hasani
“Our nation’s startup ecosystem is brimming with potential, especially in the fintech space. However many often face obstacles when trying to scale such as regulations, balancing the complexity of data, tech and compliance, and also lack of funding,” Hasani said.
The programme will support start-ups in overcoming obstacles like regulatory hurdles, data complexity, and funding challenges. GXBank and Grab Malaysia aim to nurture these innovators and address financial challenges in Malaysia, contributing to the country’s growth as a tech hub.
Experts at Grab Malaysia and GXBank will provide personalised mentorship to the start-ups. 1337 Ventures, as the lead accelerator partner, will equip start-ups with the skills and insights needed to scale their businesses, offering workshops and access to a network of investors and corporate partners.
Bikesh Lakhmichand, CEO of 1337 Ventures, echoes Hasani’s statement.
Bikesh Lakhmichand
“Through the mentoring sessions, we aim to equip startups with the critical skills and insights needed to scale their business within Malaysia’s financial sector,” Lakhmichand said, hoping that such programmes will help develop more dynamic and robust homegrown startups.
