Funding

KWAP to Invest RM500M in VC Funds and Early-Stage Startups

Kumpulan Wang Persaraan (KWAP), Malaysia’s pension fund, has launched a RM500 million fund called Dana Perintis to boost the country’s venture and startup ecosystem. KWAP said it will invest RM250 million in VC funds focused on Malaysia, ranging from accelerators

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Finology Closes Pre-Series A to Accelerate Embedded Finance Growth

Finology Group, a Malaysian fintech that enables embedded finance, announced that it has closed its pre-Series A funding round. Details of the fundraise was not disclosed. Led by Silverlake Group, the funding round was also joined by The Hive Southeast

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FWD and 1337 Ventures Launch Asia-Focused Insurtech Accelerator

FWD Startup Studio and Malaysian venture capital firm 1337 Ventures announced that the fifth cohort of its accelerator programme is now open to Asia-based startups that are venture-backed in insurtech or adjacent verticals. Through the FWD Startup Studio Accelerator, participants

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pitchIN Ties up With MRANTI for 3-Day Accelerator Programme

Equity crowdfunding platform (ECF) pitchIN has tied up with Malaysian Research Accelerator for Technology & Innovation (MRANTI) for its 3-day Fundraising Accelerator (FA) programme that will take place on 24 to 26 July 2023. This specialised programme equips founders with

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Two Former Fave Execs Launch ‘First Move’ Fund Backed by 500 Global

Former Fave executives Audra Pakalnyte and Joel Neoh have launched the early-stage First Move fund to invest in consumer-focused startups across Southeast Asia. Backed by venture capital firm 500 Global, the First Move fund will also be collaborating with the

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5 Fintech Investments Made By Malaysia’s Khazanah Nasional

The recent blockbuster funding for insurance fintech firm PolicyStreet raised RM67 million (US$15.3 million), in a Series B fundraising round that was led by Malaysia’s sovereign wealth fund Khazanah Nasional. It is among the largest capital injections for an insurtech

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MyCIF Co-invested RM638 Million via ECF and P2P Campaigns in 2022

The Malaysia Co-Investment Fund (MyCIF) reported that a total of RM638 million have been co-invested in almost 35,000 equity crowd funding (ECF) and peer-to-peer (P2P) financing campaigns in 2022, benefitting some 3,635 Malaysian MSMEs. In its Annual Report 2022 released

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PolicyStreet Raises RM67 Million Series B Led by Khazanah to Serve the Underinsured

Malaysian insurtech company PolicyStreet has raised a total of RM67 million (US$15.3 million) in a Series B fundraising round led by the country’s sovereign wealth fund Khazanah Nasional. The round was also joined by other local and international investors, including

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Malaysian Fintech Bayo Pay Raises RM10 Million Series A

Malaysian e-money service provider Bayo Pay has secured RM10 million (US$2.2 million) in a Series A funding round, according to a report by TechNode Global. The funds invested came from Softbank-backed VentureTECH SBI who poured in RM7 million (US$1.52 million)

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In Malaysia, Crowdfunding and P2P Financing Outpace VC Funding

The blossoming fintech sector in Malaysia has taken centre stage in recent years, demonstrating impressive growth driven by innovative technology, regulatory support and changing consumer behaviour. The alternative funding environment in Malaysia, however, differs significantly from the rest of Southeast

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