List of Fintech Startups and Fintech Companies in Malaysia
This list was extracted from our Fintech Malaysia Report 2018, it is intended to serve as a comprehensive list of fintech companies and startups operating in Malaysia.
2C2P is a payment service provider headquartered in Singapore and based across South East Asian countries including Malaysia.
Founded: 2017 |
AppPay empowers commerce through mobile payments, mobile commerce and rewards & loyalty programmes.
ASIAPAY
Founded: 2000|
AsiaPay is an accredited payment processor and payment gateway solution vendor for banks. It is headquarter in Hong Kong and operates in several South East Asian countries including Malaysia.
Fasspay is a subsdiary of Softspace, it is primarily a mobile payment services provider equipping businesses with card acceptance capabilities.
Founded: 1997 |
GHL provides integrated end-to-end payment solutions encompassing physical and virtual network
Founded: 2016 |
Imaginary Pay is mobile platform for money transfer and payments. Website has been inactive for a long period, status of company unclear
Founded: 2006 |
Owned by NTT Data iPay88 is a Payment Gateway Provider in South East Asia transactions of RM 30 Million and over 10,000 merchants
Founded: 2015 |
iPayLinks is primarily involved with payment settlement solutions, mobile payments solutions, and development of e-payment technology
Mobile Money provides a fully integrated system for users to make payment and transfer money
Mobility one is a payments service provider offering payments terminals, mobile payments app, and enterprise payments solutions
Founded: 2005 |
MOLPay is a payment gateway in Southeast Asia that provides complete coverage of payment methods, including credit/debit card, domestic internet banking with more than 100 banks in Southeast Asia
Founded: 2000 |
ManagePay Systems Berhad (“MPay”) is a provider of end-to-end electronic payment (“e-Payment”) solutions for banks and financial institutions, merchants and card issuers with operations in Malaysia.
Ozopay is an e-commerce payment solution enabler that authorizes credit / debit card and online banking payment transactions for e-commerce merchants.
PayAzu is a mobile payment platform working on bill aggregation. It enables user to upload bills; and and pay bills through the platform. Website inaccessible status of company unclear.
Founded 2010|
Paydibs is a fintech company specializes in payment processing technology and solution for both online and brick and mortar merchant customers
Founded: 1998|
Paypal is a digital payment platform to help individuals and business get paid. Its Malaysia Global Operations Center opened in in 2011.
Founded: 2000 |
Revenue Monster is a fintech company who’s focus is to build the solution for merchants to collect through all popular mobile payment channels such as Wechat Pay
Founded 2015 |
senangPay is an Online Payment Gateway that enables merchant to receive and collect payments from customer through Credit Cards, Debit Cards and Internet Banking (FPX).
Founded: 2012 |
Soft Space is a digital payments company that focuses on the development of solutions for the e banking and payment industry. Soft Space was amongst the first companies to introduce MPOS to the market.
Sonicboom offers payments solutions for self-service devices like vending machines, ordering kiosks and parking auto-pay machines.
Founded: 2014| 
Alipay, or Zhifubao in Chinese, is a third-party mobile and online payment platform. It recently expanded into Malaysia through partnerships with Maybank and CIMB bank. Recently Alipay worked with Touch ‘n Go to jointly launch TNG digital wallet.
BigPay is a multicurrency wallet that comes with a pre-paid Mastercard. It is part of the Air Asia group.
Boost is a stored value wallet operated by telco player Axiata Group that enables payments to merchant using QR Codes
FavePay is operated a by Fave a deals and promo service provide previously known as Groupon. It functions as a payment aggregrator to allow for merchants to accept various payment methods
Kiple is a mobile wallet operated by Webonline DotCom that enables P2P payments and merchant payments
MyMy is an early stage fintech company aiming to model itself after neo-banks like Monzo and Revolut
Merchantrade Money is a multi-currency wallet that comes with a pre-paid Visa card. It is operated by Merchantrade one of Malaysia’s largest money changing service provider
Payfy is a digital wallet operated by Astro a media company with satellite television and radio assets.
Presto is a digital wallet operated by public listed company PUC Berhad. Its parent company owns a controlling stake in local e-commerce site 11street.
PrimeKeeper is a fintech startup operating a digital wallet, they are currently working with Putrajaya Corporation to make the administrative city cashless.
Razerpay is a digital wallet operated by gaming group Razer. It recently acquired a 100% stake MOLPay fast tracking it to be available is 7-Eleven outlets
Samsung Pay is a HCE mobile wallet operated by Samsung currently partnering with CIMB Bank, Maybank, RHB Bank, Citibank and Standard Chartered Bank
Sarawak Pay is the official Sarawak Government e-wallet for users to make digital payment for bills and purchases via their mobile phone
Founded: 1997 |
Touch ‘n Go, a subsidiary of CIMB Bank is the most widely used stored valued card for public transporation. Its e-wallet arm TNG digital is a joint venture between Touch ‘n Go and Alipay
Vcash is a digital wallet offered by Digi a Malaysian telco operator and a wholly owned subsidiary of Telenor
B4u is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Belfrics is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
BXM is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Coinhako is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Coins.my is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Exqube is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform.
GetcoinApp is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Luno is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Mumain is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
MX Exchange is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
NuMoney is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
OpenBit is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
PinkExc is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Sinegy is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Tokenize is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Vardiz is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
VHCEX is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
Xbit is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
YoXEX is a cryptocurrency exchange registered with Bank Negara Malaysia as a reporting entity. (Registration as reporting entity should not be construed as an endorsement from the regulator)
ATA Plus is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia
Crowdo is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia
Crowdplus is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia
Eureeca is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia
Funded by Me is one of the 6 crowdfunding platform and one of the 6 p2p platform approved under the Securities Commission of Malaysia.
pitchIN is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia
Fundsupermart is an online platform that offers unit trusts, insurance, bonds and managed portfolios.
Neuroprofiler assesses investment profiles through behavioral finance to improve compliance and client insight
Stockbit is a stock market social community and modern platform for stock investor and trader
Stashaway is a robo-advisor headquartered in Singapore and operating in Malaysia. They were the first to secure license from local regulators to operate a robo-advisory model.
BLOCKCHAIN TECHNOLOGY MALAYSIA
Blocklime provides blockchain development and services, they are also the operate of BXM, a cryptocurrency exchange
Founded 2015 |
HelloGold blends gold trading with blockchain technologies. Its app allows for customers to buy and sell physical gold for a minimum price of RM 1
NEM is a Smart Asset Blockchain which delivers a platform for almost any kind of assets which includes; currencies, supply chains, notarizations, ownership records and more
Neuroware helps organisations future proof themselves by defining new opportunities by adoption blockchain technologies. They recently completed a pilot project with Securities Commission Malaysia to put OTC trades on the blockchain
Capital Bay helps corporations optimise their working capital and provide businesses real-time technology to collaborate with a wider network of financial institutions to access financing opportunities
Nusa Kapital is one of the 7 companies approved by Securities Commission as a P2P operator
Funding Societies is one of the 7 companies approved by Securities Commission as a P2P operator
BookDoc’s Corporate platform provides companies with data analytics that reduce employee’s healthcare cost, increase productivity, and employee engagement. The company recently made partnerships with AXA Affin life
DraVA is a Malaysian insurtech app that is designed as a tool for drivers to improve their driving habits by providing feedback after every trip made.
Katsana develops connected car technologies for usage based insurance and to reduce motor claims using behaviour data
Naluri digital therapeutics combining behavioural science, data science and digital design to build the mental resilience. It recently made partnerships with a local insurance company to enable proactive health management for policy holders.
PolicyStreet sells a wide range of curated and simple insurance policies. It offers insurances products for common consumer needs such as travel, dental and personal accidents as well as niche ones such as musical instruments, photography gear and pets.
Springday is a technology platform designed to help companies reduce their health risk profile and improve engagement and well-being.
U For Life is an Insurtech company launched in 2015, the company has insured over RM 600 million. It has since been acquired by another party pending an official relaunch likely under a different brand name.
A new entrant to the insurtech game, Vsure is looking at introducing highly-tailored on demand insurance to South East Asia, starting with Malaysia.
BBazaar is a comparison site for loans, credit cards and fixed deposit rates. The company is headquarted in India and began operations in Malaysia in June 2017
CoverGo runs a mobile app consolidates insurance policies from all providers in one place to create a digital insurance wallet. The app automatically summarises the user’s insurance portfolio to help understand gaps in coverage
FatBerry is an online marketplace that offers a range of insurance products from Malaysia, Singapore & Indonesia. FatBerry is also developing and AI chatbot to automate insurance purchases.
Get Cover is and o2o platform providing onboarding, renewal, and comparison services for motor insurance. It’s one of the four companies approved under the Bank Negara Fintech Sandbox
Go Insurance is an insurance comparison site to help consumers find and compare Insurance plan
iMoney is a comparison site for credit cards, loans and fixed deposit operating in 6 countries
RinggitPlus.com is one of several brands owned and operated by FinTech company Jirnexu founded in 2012. Its site compares credit cards, personal loans, insurance plans and mortgage loans
Chekk.me enables individuals to own their digital identity and control what data they share. Businesses get a secure platform for seamless customer interactions and data requests
Capnovum’s cognitive compliance management platform provides an up-to-date repository of regulations, obligations and regulatory news; that lets financial institutions manage compliance and resource utilisation across jurisdictions.
Founded: 2006|
EZMCOM is a security access provider for that can be deployed to protect users, data, and applications from credential theft, account takeover and breaches.
Innov8tif is a technology company that was conceived to simplify processes, increase efficiency and improve profitability of its clients with a specific focus in KYC and customer onboarding
Pulse iD is an identity platform that uses geolocation data to unlock security, loyalty & identity services to banks, telcos & media clients
Solus provides authentication and verification solutions through behavioural biometrics and iris recognition
A subsidiary of the national telco company Telekom, TM ONE provides a range of digital solutions which includes e-KYC
Xendity an e-KYC company that provides solutions for digital onboarding and use authentication
MHub is real-estate fintech platform for property developers, agents and bankers to
connect, communicate and collaborate towards faster, higher conversion. It enables a digital showroom, credit check and loan tracking
MyCash is an E-Marketplace for migrants that enables migrants to top-up their mobile phones, purchase bus tickets and make bill payments
Ethis Kapital is one of the 6 companies approved by Securities Commission as an Islamic P2P operator
Founded 2009 |
As-Sidq™ is an Islamic Financial Tawarruq (Fund-raising) Trading Platform adopted by 20 financial institutions in Malaysia
Goals 101 provides an Artificial Intelligence and Machine Learning platform that analysis card spent data and predicts customer purchase behavior. It enables brands to provide offers to a hyper targeted set of customers based on their past purchase behavior.
MyFinB uses their propriertary Natural Language Generation platform to transform financial data to insights to help companies make better financial decisions
Re Solutions is a cloud based end to end process manager facilitating the ordering, management and compliance of a valuation request between a Financier and Valuer.
eRemit is an online money transfer portal which enables you to transfer money globally. eRemit is an exclusive service provided by Merchantrade Asia Sdn Bhd, a licensed Remittance Service Provider.
Founded 2015 |
Moneybay is a online platform to search and compare live foreign exchange rates provided by their partner merchants
Founded 2015 |
MoneyMatch is one of the four fintech companies approved under the Bank Negara Malaysia Sandbox. The company offers cross border remittance for both corporate and individuals.
Headquartered in Singapore InstaReM recently expanded their digital remittance services to Malaysia
Tranglo offers remittance services through 400 banks, 7000 cash pick up outlets and 12 countries in its network
TransferFriend offers cross-border digital money transfers with over 100,000 cash and pickup locations in Indonesia, Nepal, Philippines and Bangladesh
Valyou is a operated by Telenor that enables international transfers, prepaid top-up, bill payments and P2P transfers via their mobile app
One of the earlier entrants of the Fintech Regulatory Sandbox, Worldremit is listed as “ceased operations” on Bank Negara Malaysia’s website. Representative from the company said that they are currently seeking a Money Services Business License from the regulator
Founded 2015 |
Currenseek is a mobile app that helps user to compare currency exchange rates of money changers
SwapIt is a fintech startup that provides a mobile platform for users to exchange currencies instantly at mid-market rates.
Founded 2015 |
WorldKoins provides mobile app for travelers to convert leftover foreign currencies to various online e-Wallets
Money Lion is a personal finance management app that helps users monitor their credit score, loans, and spending. It also features recommendations to help its users reach their financial goals.
Interested to know more about the fintech landscape in Malaysia? Check out our Fintech Malaysia 2018 report here
