Funding

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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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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