Funding

SC and Bursa Malaysia to Shorten IPO Approval Timeline to 3 Months

The Securities Commission Malaysia (SC) and Bursa Malaysia have announced a new initiative to expedite the approval process for initial public offerings (IPOs) on both the Main Market and the ACE Market, aiming for a three-month turnaround. This streamlined approach

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Maybank Announces RM18 Billion SME Financing Plan for 2024

Maybank has announced its plans to disburse approximately RM18 billion in SME financing for the year 2024, according to Bernama. This marks a 13 percent increase from the previous year, aiming to expedite the transition of its customers towards more

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RHB Invests RM8.6 Million in Boost Bank, Maintains 40% Stake in Digibank

RHB Bank has further invested RM8.6 million in Boost Bank, subscribing for an additional 8.6 million shares to maintain its 40% stake in the digital banking venture. According to The Star, this follows Boost Holdings Sdn Bhd’s (BHSB) similar injection

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Khazanah, CGC Digital Invests in Funding Societies to Bridge RM 90B Funding Gap

Malaysia’s sovereign wealth fund Khazanah Nasional and CGC Digital have made a strategic investment in SME digital financing platform Funding Societies. The sum was not disclosed. The investment is expected to enable Funding Societies to expand its reach beyond beyond

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Kid-Focused Neobank Vircle Nets Seed Funding From Gobi, KMP

Vircle, a Malaysian neobanking service provider for kids, has secured seed funding from co-lead investors Kumpulan Modal Perdana (KMP) and Gobi Partners. Details of the funding was not disclosed. Gobi made the investment through the Gobi Dana Impak Ventures (GDIV)

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Funding Societies Journey from Zero to Hero

In the world of business and entrepreneurship, the story of Funding Societies and its co-founders is noteworthy. Wong Kah Meng, a Co-founder and Group Chief Operating Officer at the platform, recently solidified his commitment by clinching the Founder of the

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Making Sense of the Tricky Funding Road for Fintech Startups in Malaysia

The fintech funding landscape in Malaysia has been a hot topic of discussion in recent years, with significant growth and innovation in the sector. To shed light on the challenges and opportunities that fintech startups face, a roundtable discussion was

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Generali and UNDP Launch ‘Insurance Innovation Challenge Fund’ in Malaysia

Generali and the United Nations Development Programme (UNDP) have joined forces to introduce the “Insurance Innovation Challenge Fund” (IICF) in Malaysia. This initiative invites proposals from participants across the country, with a focus on inventive insurance solutions designed to enhance

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MADCash Raises RM 5 Million to Drive Financing for Underserved Women Entrepreneurs

MADCash Sdn Bhd, a fintech startup catering to women entrepreneurs with zero-interest microfunds, recently completed its pre-series A funding round. The investment, amounting to RM5 million, was led by Artem Ventures and received notable backing from MSW Ventures and ScaleUp

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Malaysia Debt Ventures Plunges into IEO Market with Investment in KLDX

Malaysia Debt Ventures (MDV) and Kapital DX (KLDX) has signed an investment agreement for an undisclosed amount as part of the latter’s fundraising efforts. MDV is a subsidiary of the Minister of Finance and an agency under the purview of

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