Funding

TNG Digital Raises RM750 Million From Lazada and Touch ‘n Go

TNG Digital, the owner and operator of Touch ‘n Go eWallet, has raised RM 750 million during its latest round of equity funding. This funding round was led by a new investment from Lazada Group and a follow-on investment by

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MoneyMatch Set to Raise Series B Following Digital Bank License Win

Malaysian fintech startup MoneyMatch announced that it is one of the participants of the consortium led by KAF Investment Bank which was recently selected to receive an Islamic digital banking license in Malaysia. The consortium also comprises Jirnexu, best known

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Earned Wage Access Platform Payd Raises RM7.5 Million in Seed Funding

Payd, a Malaysian earned wage access solution provider, announced that it has raised US$1.7 million (RM7.5 million) in a seed funding round led by IFS Capital. The round also received participation from 1982 Ventures and The Hive Southeast Asia, a

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Luno Launches Early-Stage Investment Arm to Back Over 200 Fintech Startups

Luno, a wholly-owned subsidiary of Digital Currency Group (DCG), announces the launch of Luno Expeditions, a global, early-stage investment arm for fintech, crypto and web3 startups. The investment arm will now spearhead all of DCG’s early stage investing. The team

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Malaysian Fintech IIMMPACT Lands US$2 Million Seed Funding From Sequoia India

Malaysian fintech company IIMMPACT announced that it has rasied US$2 million in seed funding from Sequoia India’s Surge, a rapid scale-up programme for startups in Southeast Asia and India. IIMMPACT is Surge’s first startup founded and based in Malaysia and

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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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