Posts From Fintech News Malaysia

Malaysians Contribute Over RM250,000 Boost E-Wallet’s Tabung COVID-19 in 10 Days

Between 21 to 31 March 2020, Malaysians contributed a total of RM258,921.30 to the ‘Tabung COVID-19 by Boost’ fund to aid front liners in the fight against the COVID-19 pandemic. These donations have been channeled to the Ministry of Health’s

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Rakuten Trade Sees Swell in Userbase Amidst the COVID-19 MCO

Rakuten Trade, a fully digital equities broker reported a surged in user base during the Movement Control Order (MCO) Period. The equities broker said in a media statement that they saw over 11,000 new accounts activated in March, a 100%

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With Insurtech Demand Surging PolicyStreet Raises Funds Through Equity Crowdfunding

Despite the gloomy climate brought on by the COVID-19 outbreak, insurtech startup PolicyStreet is looking to fundraise through Equity Crowdfunding via pitchIN. In their statement, PolicyStreet shared that the insurance sector is seeing a “buzz of activities and has a

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5 Fastest Growing Fintechs in Malaysia According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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Funding Societies Offers SMEs Deferments to Help Ease Cash Flow Challenges

Funding Societies, P2P financing platform, is stepping up efforts by offering deferment or rescheduling options to help tide small and medium-sized enterprises (SMEs) over as they face challenges brought on by the coronavirus (COVID-19) outbreak. Following first quarter of 2020,

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SINEGY Receives Full Approval from Securities Commission to Operate a Crypto Exchange

SINEGY announced today that they have been granted full approval by the Securities Commission Malaysia to operate its Digital Asset Exchange (DAX) platform in Malaysia. SINEGY is a homegrown crypto exchange based out of Penang, and they were also previously

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MDEC Teams up with Crowdfunding Platforms to Raise Funds for COVID-19 Frontliners

While most Malaysians are practising social distancing and working from home due to the COVID-19 outbreak, our healthcare frontliners are braving risks to their health by battling against the COVID-19 virus to safe lives. These heroes are making personal sacrifices

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GHL Launches Service to Help Brick & Mortar Businesses Get Online in 3 Days

GHL Systems Berhad (GHL) and its online payments arm, GHL ePayments Sdn Bhd (eGHL), announced the launch of a brand new service to help physical businesses and shops get online and e-commerce ready in 3 days. The GHL group said

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Labuan IBFC’s Financial Services Community Band Together to Combat COVID-19

Labuan International Business and Financial Centre, Labuan IBFC’s financial services and intermediation community have come together to assist local authorities in relief efforts via the pooling of resources. Labuan IBFC’s Cross-Industry Group comprising of all the industry associations representing licensed

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foodpanda Partners with Insurtech Startup PolicyStreet to Provide Protection for Riders

Amid the outbreak of COVID-19 in Malaysia, foodpanda has partnered with insurrtech PolicyStreet to provide additional coverage for  to provide riders with additional financial support totalling to approximately RM200,000. This means that, any delivery partner who tests positive for the

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