Funding

Malaysian Founded Crypto Social Media Platform Torum Raises US$ 1.45 Million
Blockchain/Bitcoin Funding

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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India’s Pine Labs Acquires Fave for RM185 Million with Plans to Roll Out In India
Funding Payments

India’s Pine Labs Acquires Fave for RM185 Million with Plans to Roll Out In India

Payments platform Fave has been acquired today by Pine Labs, an Asian commerce platforms in a deal valued over US$ 45 million (RM 185 million). With this acquisition, Indian consumers will be able to use Fave app later this year

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FWD Kicks off Insurtech and Takafultech Accelerator Programme
Funding Insurtech

FWD Kicks off Insurtech and Takafultech Accelerator Programme

FWD Insurance announced the launch of the FWD Start-Up Studio to support insurtech and takafultech startups in Malaysia, with seed funding of RM1.2 million over two years. The studio aims to build a new talent pool for insurance technology and

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Kenanga and Malaysia Debt Ventures Establishes RM 300 Million Fintech Fund
Funding

Kenanga and Malaysia Debt Ventures Establishes RM 300 Million Fintech Fund

Malaysia Debt Ventures Berhad (MDV) and Kenanga Investment Bank announced the establishment of a Fintech Fund, with a target fund size of RM 300 million to support the growth of fintech and further develop the venture capital industry in Malaysia.

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

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
E-Wallets Funding

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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MyMy Secures Malaysia’s Largest Fintech Seed Funding Round of RM 12 Million
E-Wallets Funding Virtual Banking

MyMy Secures Malaysia’s Largest Fintech Seed Funding Round of RM 12 Million

MyMy today announced that it has secured Malaysia’s largest fintech seed round of RM 12 million at the valuation of RM 50 million. Koperasi Angkatan Tentera Malaysia Berhad led this fund raising round with an investment of RM10 million. The

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