Posts From Fintech News Malaysia

CapBay Raises US$ 20 Million Series A with KK Fund as Returning Investor

CapBay, a Malaysian P2P supply chain financing platform, announced that it has raised US$ 20 million in its Series A round. The funding comes from existing investor KK Fund, a Singapore-based venture capital firm that invests in startups across Southeast

Read More

TNG Digital Reportedly Seeking to Raise US$150 Million

TNG Digital, the e-wallet operator that was formed as a result of a joint venture between CIMB Bank and Ant Financial, is reportedly seeking to raise US$ 150 million according to a Reuters report on Thursday. The report further added

Read More

Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions

Split, a Malaysian Buy Now Pay Later (BNPL) platform, announced that it has processed RM 10 million in transactions for Malaysian businesses nationwide within months The platform enables merchants to offer up to 3 interest-free installments to their customers who

Read More

GHL Ties up With Loanstreet to Offer Online Road Tax and Insurance Renewal

Payments firm GHL has expanded its service offerings to include road tax and vehicle insurance renewal service with a recent tie up with Loanstreet, a Malaysian financial market place. On the heels of the launch of GROW by GHL, offering

Read More

Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products

Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted a conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). TNG said

Read More

P2P Lender microLEAP Receives RM3.25 Million Funding From MAA Group

microLEAP, Malaysian platform that offers both Islamic and Conventional Peer-to-Peer (P2P) financing, announced a successful RM3.25 million funding round, made up of RM1.25 million in equity and a RM2 million advance. The RM3.25 million will be used for advertising and

Read More

Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19

A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises

Read More

Soft Space Deepens Push into Japanese Market with GMO Partnership

Malaysian fintech startup Soft Space has announced that it has partnered with GMO Financial Gate (GMO-FG), a Japanese payment service provider, to introduce payment solutions within the Japanese market. With this partnership in place, Soft Space will be able to support

Read More

Financial Services Need to Reinvent Itself for Malaysia’s Growing Gig Economy

In Malaysia, the gig economy has been growing rapidly, especially at a time when the COVID-19 pandemic is forcing people to turn to temporary work to secure income. Despite this rapidly growing segment, freelancers, self-employed and gig workers are still

Read More

Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation

Like many other areas of the economy, the financial services sector is undergoing a data revolution. Every day, the global banking industry generates massive amounts of data by processing hundreds of billions of financial transactions as well as through interactions

Read More