Funding

MDEC to Funnel Deal Flows to ASEAN Fintech Group Through New Partnership

The Malaysia Digital Economy Corporation (MDEC) has partnered with the ASEAN Fintech Group (AFG) with aims to enhance initiatives aimed at scaling up Malaysian fintech companies. Their collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem

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Earned Wage Access Platform Paywatch Bags US$5.25 Million in Seed Funding

Earned wage access (EWA) service provider Paywatch has raised US$ 5.25 million in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. Operating in South Korea, Malaysia and

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Japan’s JCB Invests US$5 Million in Soft Space

Malaysian fintech startup Soft Space announced that it has formed a new strategic partnership with Japanese credit card company JCB following a US$5 million investment from the payment giant. Both entities will also engage in a series of business collaborations

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CapBay’s P2P Islamic Financing Platform Bags RM30 Million From Kenanga

CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured RM30 million investment from Kenanga Capital Islamic (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s supply

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Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round

Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches. The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group

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Genting Dips Toe in Digital Banking Bid Through 13% Stake In Acquisition in PUC

Following rumours that Genting Group would be bidding for a digital banking licensee, the group has inked a deal through GPVF Sdn Bhd to snap up a 13% stake for RM20.3 million in the publicly listed e-commerce platform PUC Berhad. GPVF

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Islamic Crowdfunding Platform Ethis Raises RM6.8 Million From Angel Investors

Islamic crowdfunding group Ethis Global announced the closure of its RM6.8 million pre-Series A fundraising round from angel investors. This ‘Super Angel’ round was joined by notable investors including corporate leader Tan Sri Wan Zulkiflee, and Daud Vicary Abdullah, a renowned

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BigPay Raises up to US$100 Million for Its Digital Banking Aspirations

Digital bank aspirant BigPay announced today that it has finalised up to US$100 million in financing from South Korean conglomerate SK Group. This is the first time any portfolio company within airasia Digital has secured financing of this size. The

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MoneyMatch Raises RM 18 Million Led by KAF Investment Bank, Confirms Digital Banking Bid

Malaysian fintech startup MoneyMatch announced today the successful closing of its Series A fundraising round totaling MYR 18.5 million over two tranches, initially led by Cradle Seed Ventures in 2019 and now has been closed with KAF Investment Bank leading

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pitchIN Secures RM 5.5 Million Through Its Own Equity Crowdfunding Campaign

pitchIN, a Malaysian equity crowdfunding platform (ECF), announced that it has concluded its very own equity crowdfunding campaign on Leet Capital with RM 5.5 million raised from 322 investors. This fundraise will enable pitchIN to expand its operations to serve

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