Funding

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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SC Malaysia Champions Fintech Solutions for Agri-Advancement

Malaysia’s agricultural sector isn’t just a patchwork of fields and farms, but a vital powerhouse for the nation’s economic growth and prosperity.  Not only does it bolster the country’s income and create employment opportunities, but it also serves as an

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London Stock Exchange: A Gateway to Global Markets for APAC Fintechs

In recent years, the Asia-Pacific (APAC) region has been at the forefront of the FinTech revolution, with many innovative companies disrupting traditional financial services. For APAC FinTech founders and their investors, the decision to raise capital through an initial public

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Boost Rumoured to Be Raising up to US$100M to Expand Digital Banking Operations

Boost Holdings Sdn. Bhd., a fintech unit of Malaysia’s Axiata Group Bhd., is considering raising between US$50 million to US$100 million in a new funding round, according to anonymous sources familiar with the matter. Boost Holdings is working with a

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Soft Space Closes Series B With US$31.5 Million Fundraise

Malaysian digital payments technology provider Soft Space announced that it has secured US$31.5 million in its latest Series B1 funding round. This is an extension of Soft Space’s Series B funding round where the firm had raised an undisclosed sum

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