Funding

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

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
Funding Islamic Fintech

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
Funding Virtual Banking

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
Funding Virtual Banking

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
Crowdfunding Funding

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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Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding
Funding Insurtech

Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding

Oyen, a digital-first pet healthcare insurance provider based in Malaysia, has raised US$420,000 in a seed funding round. The fundraise saw participation by notable backers such as Hustle Fund, alongside angel investors who are former and current executives from Airbnb,

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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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