Posts From Fintech News Malaysia
Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP
Kenanga Investment Bank Bhd has acquired i-VCAP Management Sdn Bhd via its wholly owned subsidiary Kenanga Investors Bhd (KIB) following approval by the Securities Commission of Malaysia. i-VCAP is a Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded
Read More
Versa Launches an Alternative to Fixed Deposits in Partnership with Affin Hwang
Versa, a digital cash management platform, has announced the launch of their digital platform in partnership with Affin Hwang Asset Management. Accessible as a mobile application, Versa said that its users can acquire returns that are similar to other low-risk
Read More
TransferWise Survey: 50% of Malaysians Cite High Costs of Remittances as a Challenge
A survey conducted by TransferWise, an online money transfer service, has shed light on how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia. The survey found that a whopping 50% of Malaysians find the high
Read More
DuitNow QR Malaysia’s Universal Payment QR Now Widely Available
In a media statement issued by PayNet, the company announced that DuitNow QR is now widely available and multiple QRs on storefronts will soon be a thing of the past. They said that DuitNow QR is now offered by 26
Read More
Changing the World With Bank of Things
Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business practices. The digital economy is extending its presence with speed, ease of access, as well as the power penetration that
Read More
CIMB Boosts SMEs’ Resilience With Digital Solution Offerings
CIMB Bank Berhad and CIMB Islamic Bank Berhad has announced its CIMB CNY Go Digital offers for Small and Medium Enterprises (SMEs). As businesses are still weathering the pandemic and with the recent implementation of the Movement Control Order (MCO),
Read More
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