Funding
MoneyMatch Set to Raise Series B Following Digital Bank License Win
Malaysian fintech startup MoneyMatch announced that it is one of the participants of the consortium led by KAF Investment Bank which was recently selected to receive an Islamic digital banking license in Malaysia. The consortium also comprises Jirnexu, best known
Read More
Earned Wage Access Platform Payd Raises RM7.5 Million in Seed Funding
Payd, a Malaysian earned wage access solution provider, announced that it has raised US$1.7 million (RM7.5 million) in a seed funding round led by IFS Capital. The round also received participation from 1982 Ventures and The Hive Southeast Asia, a
Read More
Luno Launches Early-Stage Investment Arm to Back Over 200 Fintech Startups
Luno, a wholly-owned subsidiary of Digital Currency Group (DCG), announces the launch of Luno Expeditions, a global, early-stage investment arm for fintech, crypto and web3 startups. The investment arm will now spearhead all of DCG’s early stage investing. The team
Read More
Malaysian Fintech IIMMPACT Lands US$2 Million Seed Funding From Sequoia India
Malaysian fintech company IIMMPACT announced that it has rasied US$2 million in seed funding from Sequoia India’s Surge, a rapid scale-up programme for startups in Southeast Asia and India. IIMMPACT is Surge’s first startup founded and based in Malaysia and
Read More
MDEC to Funnel Deal Flows to ASEAN Fintech Group Through New Partnership
The Malaysia Digital Economy Corporation (MDEC) has partnered with the ASEAN Fintech Group (AFG) with aims to enhance initiatives aimed at scaling up Malaysian fintech companies. Their collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem
Read More
Earned Wage Access Platform Paywatch Bags US$5.25 Million in Seed Funding
Earned wage access (EWA) service provider Paywatch has raised US$ 5.25 million in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. Operating in South Korea, Malaysia and
Read More
Japan’s JCB Invests US$5 Million in Soft Space
Malaysian fintech startup Soft Space announced that it has formed a new strategic partnership with Japanese credit card company JCB following a US$5 million investment from the payment giant. Both entities will also engage in a series of business collaborations
Read More
CapBay’s P2P Islamic Financing Platform Bags RM30 Million From Kenanga
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured RM30 million investment from Kenanga Capital Islamic (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s supply
Read More
Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round
Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches. The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group
Read More
Genting Dips Toe in Digital Banking Bid Through 13% Stake In Acquisition in PUC
Following rumours that Genting Group would be bidding for a digital banking licensee, the group has inked a deal through GPVF Sdn Bhd to snap up a 13% stake for RM20.3 million in the publicly listed e-commerce platform PUC Berhad. GPVF
Read More