Funding
AmBank, CGC Extends Additional RM200 Million for SME Financing
AmBank and Credit Guarantee Corporation Malaysia (CGC) has signed an SME Portfolio Guarantee (SPG) agreement to extend an additional of RM200 million financing for eligible SMEs. This marks the continuation of the SPG scheme launched in September 2016 where a
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MyStartr Raises RM4.7 Million Ahead of Secondary Market Entry This Year
Malaysian equity crowdfunding (ECF) platform MyStartr has raised RM 4.7 million through a Fundnel campaign led by 431 investors to support its entry into the secondary market this year. MyStartr has also received an additional RM931,250 from the Malaysia Co-Investment
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Gobi Partners Invests in Malaysia-Based Fintechs Paywatch and pitchIN
Pan-Asian venture capital (VC) firm Gobi Partners announced that it has onboarded two fintech firms to its Gobi Superseed II Fund (Gobi SSII Fund). Earned Wage Access (EWA) service provider Paywatch and equity crowdfunding platform (ECF) pitchIN were among the
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Earned Wage Access Firm Paywatch Bags US$9M to Expand in Malaysia and Beyond
Earned Wage Access (EWA) service provider Paywatch has raised US$9 million in a Pre-Series A funding round led by returning investor Third Prime. The round also received participation from Hana Ventures which is the venture arm of Hana Financial Group
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FWD Launches RM45 Million Fund to Invest in Insurtech and Islamic Fintech
FWD Group, a a pan-Asian life insurance business, announced the launch of a RM45 million fund in collaboration with Malaysian venture capital firm Artem Ventures. The fund, TIM Ventures, will be investing in emerging startups in the insurtech and Islamic
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SC Unveils Four New Digital Initiatives for MSMEs, Mid-Tier Companies
The Securities Commission Malaysia (SC) announced four new digital-related initiatives to spur the growth of the capital market and address the funding needs of Micro, Small, and Medium Enterprises (MSMEs) and Mid-Tier Companies (MTCs). The SC Chairman Dato’ Seri, Dr.
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Instapay Raises RM21.5 Million Series A to Fuel Its Expansion Plans
Payments firm Instapay Technologies announced that it has raised US$4.75 million (RM 21.5 million) in Series A funding round. This round was led by Daiwa ACA APAC Growth I with participation from Spiral Ventures Asia Fund I as well as
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Revenue Monster Group Bags RM30 Million From The SEA Capital
Malaysian fintech Revenue Monster Group announced that it has secured RM30 million in funding from private equity firm The SEA Capital, its second round of capital injection from the investor, following a recent restructuring exercise. The group has also formed
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Gobi Partners Closes US$10 Million Malaysia-Focused Fund Joined by Allianz
Pan-Asian venture capital firm Gobi Partners announced the closing of its US$10 million Gobi SuperSeed II (Gobi SSII) Fund following the participation of Allianz Malaysia as a Limited Partner (LP). Other LPs backing the Gobi SSII Fund are institutional investors
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Versa Asia Raises an Eight-Figure Funding Round
Versa Asia, a Malaysian digital cash management platform, announced that it had secured an 8-figure funding round. Details of the investment was not disclosed. This funding round was led by Hibiscus Fund, a venture capital fund managed by RHL Ventures
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