Archive
How Securities Commission Malaysia Balances Innovation and Risk in Regulating Fintech
Innovation in fintech is happening at breakneck speed and for entrepreneurs to be able to thrive and introduce these innovations, the right environment has to be set in place. This unenviable task often lands on the desks of regulators who
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Fintech Malaysia Report 2021 – Fintech Reaches an Inflection Point in Malaysia
It goes without saying that 2020 was a tumultuous year on the back of the pandemic that has unfortunately affected the livelihood of millions, which also served as fuel for the rapid growth of Malaysia’s fintech space. In our latest
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Malaysia Co-Invested RM 165 Million on ECF and P2P Financing Notes through MyCIF
The Malaysia Co-Investment Fund (MyCIF) has co-invested RM165 million in 5,349 Equity Crowdfunding (ECF) and Peer-to-Peer Financing (P2P) campaigns, benefitting 1,197 Malaysian micro, small and medium enterprises (MSMEs) by the end of 2020. Since its October 2019 inception, these co-investments
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MyMy Secures BNM’s Conditional Approval for E-Money License; E-Wallet to be Launched Soon
MyMy announced today that it has received conditional approval for a large scheme Electronic Money License from Bank Negara Malaysia. The fintech company is expected to launch its e-wallet services within the year. Until all conditional requirements are met by
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Malaysian Founded Crypto Social Media Platform Torum Raises US$ 1.45 Million
Torum, a social media platform specially designed for cryptocurrency users, announced that it had secured US$ 1.45 million during a private funding round. Launched on the 1st of July 2020, Torum emphasises gamification elements and token utility to bring the
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GHL Enables GrabPay E-Wallet Acceptance Across Shell Petrol Stations Nationwide
Payments firm GHL Systems has now enabled GrabPay e-wallet acceptance at Shell petrol stations nationwide in Malaysia in a bid to further expand its cashless offerings. As Grab evolves to become an app that addresses the daily needs of its
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Finology to Represent Asia at the Seedstars World Competition
Finology, a Malaysian fintech that specialises in enabling seamless lending and insurance for consumers and businesses, announced that it has won the regional finals to represent Asia at the Seedstars World Competition 2020/21. From over 5,000 applicants, 94 startups from
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CoinGecko Launches “NFT Spotlight” to Highlight Crypto Artists
CoinGecko, the world’s leading independent data aggregator hailing from Malaysia, is now on a mission to promote art appreciation and help artists connect with more audiences through the launch of NFT Spotlight. Prior to this, CoinGecko launched “NFT of the
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Insurtech Platform Fatberry Raises RM 2.5 Million in Pre-Series A Funding Round
Fatberry, a Malaysian B2C insurance online supermarket, has raised a RM2.5 million (approximately US$600,000) during a pre-Series A funding round. The round was led by strategic investor Stockholm-based publicly traded venture builder Abelco Investment Group AB. Other investors who participated
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pitchIN Seeking to Raise up to RM 5 Million Funds Through ECF
pitchIN will launch an equity crowdfunding campaign of its own on 19 April 2021 to raise funds for business expansion and new business units. The company seeks to raise between RM 3 million and RM 5 million from investors. This
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