Funding
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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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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