List of Fintech Startups and Fintech Companies in Malaysia
This list was extracted from our Fintech Malaysia Report 2019, it is intended to serve as a comprehensive list of fintech companies and startups operating in Malaysia.
This list last updated on 9th December 2019
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.
CURLEC
Founded: 2017|
Curlec is a fintech that makes it easy for businesses of all sizes to collect recurring payments.
Fasspay is a subsdiary of Softspace, it is primarily a mobile payment services provider equipping businesses with card acceptance capabilities.
FAVE
Founded: 2015|
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
FINEXUS
Founded: 2000|
Finexus is a regulated e-money issuer and merchant acquirer providing a wide range of solutions
FIRSDATA
First Data provides card processing solutions, it is part of the Fiserv group
Founded: 1997 | 
GHL provides integrated end-to-end payment solutions encompassing physical and virtual network
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
MCPAYMENT
Founded: 2005|
Mobile Credit Payment is an epayment company works with acquiring banks and solution providers to offer merchants a secure and compliant processing platform.
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
MOBIEDGE
Founded: 2015|
Mobiedge is a merchant acquirer that provides a reward’s and loyalty system
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.
PAYHALAL
Founded: |
Payhalal describes itself as a shariah compliant payment gateway
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 businesses get paid. Its Malaysia Global Operations Center opened in in 2011.
PAYMATIC
Founded: 2017|
Paymatic provides digital cheque solutions
Founded: 2000 | 
Revenue Monster is a fintech company whose 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).
Sinopay primarily serves China’s UnionPay as a merchant acquirer
STRIPE
Founded: 2010|
Stripe enables internet companies to receive payments
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.
WHALET
Founded: 2005|
Whalet provides payment gateway services and welfare management services
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. Alipay worked with Touch ‘n Go to jointly launch Touch ‘n Go eWallet
Boost is an e-wallet operated by telco player Axiata Group that enables payments to merchant using QR Codes
BigPay is a e-wallet that comes with a pre-paid Mastercard. It is part of the Air Asia group.
GoPayz is telco operator U-mobiles e-wallet which also provides micro-insurance, currency exchange and investments
Gkash eWallet is a digital wallet app that allows User to store e-money for electronic transaction. It provides a convenient and secure way of making cashless payments.
Kiple is a mobile wallet operated by Webonline DotCom that enables P2P payments and merchant payments
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
MyMy is an early stage fintech company aiming to model itself after neo-banks like Monzo and Revolut
PAYDY
Paydy is an e-wallet that operates primarily in Sabah
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
Vircle (short for Visible Circle) is a fin-tech solution that enables consumers to create communities of controlled cashless commerce with focus on health and well being of society.
Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform.
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
ProximaX describes itself as next-generation Integrated and Distributed Ledger Technology (“IaDLT”) infrastructure development platform powered by blockchain technology.
Sinegy is a cryptocurrency exchange that received a conditional approval from Securities Commission Malaysia
Tokenize is a cryptocurrency exchange is a cryptocurrency exchange that received a conditional approval from Securities Commission Malaysia
ATA Plus is a crowdfunding platform approved under the Securities Commission of Malaysia
Crowdo is a crowdfunding platform approved under the Securities Commission of Malaysia
Eureeca is a crowdfunding platform approved under the Securities Commission of Malaysia
Funded by Me is a crowdfunding platform approved under the Securities Commission of Malaysia
Fundnel is a crowdfunding platform approved under the Securities Commission of Malaysia
LEET Capital is a crowdfunding platform approved under the Securities Commission of Malaysia
FundMyHome is a property crowdfunding platform approved under the Securities Commission of Malaysia
Aspirasi is a digital financing platform for micro and SME businesses operated by Axiata Digital
Cashwagon is digital money lending company licensed under the Ministry of Housing and Local Government
Funding Societies is a company approved by Securities Commission as a P2P operator
MONEYSAVE
microLEAP is a company approved by Securities Commission as a P2P operator
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.
EZMCOM is a security access provider 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 the profitability of its clients with a specific focus in KYC and customer onboarding
Onfido helps financial services businesses verify their users, and users to access the online products & services.
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
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
ChumUp is a insurance policy aggregation platform that assists you to keep track and manage insurance policy effectively
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.
DoctorOnCall.com.my is a Digital Health platform which connects Patients to their Healthcare needs. They’ve made partnership with the likes of Prudential
Fi Life Sdn Bhd, (formerly known as U For Life) is an Insurtech company launched in 2015, the company has insured over RM 600 million.
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.
CTOS is Malaysia’s leading Credit Reporting Agency. It provides individuals with personal credit reports and businesses with a comprehensive online system that allows them to manage their business credit risk via credit checks, customer monitoring and trade references.
The General Financial Insights (GFI) is a credit risk assessment system that applies both psychometrics and behavioural sciences to estimate the risk that an individual will default on a loan.
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.
iMoney is a comparison site for credit cards, loans and fixed deposit operating in 6 countries
MyCash is an E-Marketplace for migrants that enables migrants to top-up their mobile phones, purchase bus tickets and make bill payments
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
Ethis Kapital is one of the 6 companies approved by Securities Commission as an Islamic P2P operator
As-Sidq™ is an Islamic Financial Tawarruq (Fund-raising) Trading Platform adopted by 20 financial institutions in Malaysia
Finterra is the cloud based financial service platform designed for you to harness all of your financial power into a seamless, integrated platform, whilst you take advantage of Finterra’s growth
rentDAX’s goal is to make renting easier, safer, and hassle-free for both landlords and tenants by integrating fintech and proptech.
FundMyHome is a property crowdfunding platform approved under the Securities Commission of Malaysia
imortgage2u provides digital mortgage solution to real-estate developers, property, and insurance agencies
Loanplus provides a single point loan screening & origination for property developers & real estate agencies.
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
MyProperty Data is a cloud based end to end process manager facilitating the ordering, management and compliance of a valuation request between a Financier and Valuer.
Currenseek is a mobile app that helps user to compare currency exchange rates of money changers
eRemit is an online money transfer portal which enables you to transfer money globally. eRemit is a service provided by Merchantrade Asia Sdn Bhd, a licensed Remittance Service Provider.
Founded 2015 |
MoneyMatch is the first fintech company to graduate 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
Valyou is a operated by Telenor that enables international transfers, prepaid top-up, bill payments and P2P transfers via their mobile app
WorldKoins provides mobile app for travelers to convert leftover foreign currencies to various online e-Wallets
Fundsupermart is an online platform that offers unit trusts, insurance, bonds and managed portfolios.
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
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.
GAX MD created MYTHEO, a robo-advisor that automatically creates, maintains and optimises your investment portfolio based on your profile and risk appetite.
Neuroprofiler assesses investment profiles through behavioral finance to improve compliance and client insight
Perfectsen is a fast growing user experience consulting and development house specially for banks and financial institutions.
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.
Raiz Invest is a micro-investing platform that allows you to invest your spare change from everyday purchases.
Interested to know more about the fintech landscape in Malaysia? Check out our Fintech Malaysia Report 2019 report here
Other resources you might be interested in:
Curious about other Asian Fintech Startup Directories and lists? Here’s a nice overview page looking at the fintech startups directories in Asia by country.
