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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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