Top fin­tech star­tups in Malaysia

Banking Frontiers - - Country Report -

Some of the top fin­tech star­tups in Malaysia are:

Jirnexu of­fers solutions not just for con­sumer-fac­ing prod­ucts (Ring­gitPlus), but for lu­cra­tive B2B bank-based of­fer­ings. These in­clude XpressAp­ply tech­nol­ogy to au­to­mat­i­cally deal with mar­ket­ing, sales, and the de­liv­ery of com­plex fi­nan­cial prod­ucts for fi­nan­cial ser­vice in­sti­tu­tions.

iMoney is de­scribed as one of South­east Asia’s largest com­par­i­son por­tals for the fi­nan­cial ser­vices in­dus­try. It is one of the high­est-funded fin­tech busi­nesses in Malaysia.

Hel­loGold had raised funds through an ICO, and now it is val­ued at ap­prox­i­mately slightly more than US$ 6 mil­lion. It started out with an app meant to help de­mys­tify the process of buy­ing gold as an in­vest­ment and then launched a gold-backed cryp­tocur­rency GOLDX.

Soft Space of­fers an in­no­va­tive way to make pay­ments, called My FamiPay. The app in­te­grates credit cards, debit cards and other money stor­ing meth­ods and cus­tomers are able to use the app for in-store pur­chases. There are loy­alty points also for the use.

Kat­sana started as a GPS de­vice meant to help car own­ers re­unite with their lost ve­hi­cles. It then grad­u­ated to fleet man­age­ment, in­clud­ing the telem­at­ics (long-dis­tance data col­lec­tion) of driver be­hav­ior. It then de­vel­oped Kat­sana In­sight, a ver­sion of telem­at­ics which was meant for the in­sur­ance in­dus­try.

Cap­i­tal Bay helps cor­po­ra­tions op­ti­mize their work­ing cap­i­tal and pro­vide busi­nesses real-time tech­nol­ogy to col­lab­o­rate with a wider net­work of fi­nan­cial in­sti­tu­tions to ac­cess fi­nanc­ing op­por­tu­ni­ties.

MHub is a 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.

MoneyMatch is one of the 4 fin­tech com­pa­nies ap­proved un­der the Bank Ne­gara Malaysia Sand­box. It pro­vides peer to peer cur­rency ex­change and cross border re­mit­tance which are both pow­ered by a one-time eKYC ver­i­fi­ca­tion.

MyCash On­line is an eMar­ket­place for mi­grants to top-up their mo­bile phones, pur­chase bus tick­ets and make bill pay­ments.

Neu­roware helps or­ga­ni­za­tions fu­ture proof them­selves by defin­ing new op­por­tu­ni­ties by adop­tion of blockchain tech­nolo­gies. It has worked with or­ga­ni­za­tions such as Maybank, Bank Ne­gara Malaysia and Se­cu­ri­ties Com­mis­sion Malaysia.

Pol­icy Street sells a wide range of cu­rated and sim­ple in­sur­ance poli­cies for com­mon con­sumer needs such as travel, den­tal and per­sonal ac­ci­dents as well as niche ones such as mu­si­cal in­stru­ments, photography gear and pets.

pitchIN is one of the 6 crowd­fund­ing plat­forms ap­proved un­der the Se­cu­ri­ties Com­mis­sion of Malaysia in 2015. In two years, it has helped lo­cal star­tups like BabyDash, Wobb, Kak­i­tan­gan.com, MyCash On­line to raise funds for their busi­nesses.

PrimeKeeper has 2 core ser­vices - Prime ID which is a dig­i­tal iden­tity that is in­tended to be used for any for­mal ap­pli­ca­tions that re­quires le­gal iden­ti­fi­ca­tion and PrimePay, which en­ables CASA to CASA pay­ments whether to busi­nesses or in­di­vid­u­als.

Seda­nia As-Salam Cap­i­tal runs the As-Sidq plat­form, which is an Is­lamic Fi­nan­cial Tawar­ruq (fund rais­ing) Trad­ing Plat­form by 20 fi­nan­cial in­sti­tu­tions in Malaysia.

Soft Space is a dig­i­tal pay­ments com­pany that fo­cuses on the de­vel­op­ment of solutions for the eBank­ing and pay­ment in­dus­try. Soft Space is con­sid­ered as one of the first com­pa­nies to suc­cess­fully in­tro­duce mPOS to the mar­ket. The com­pany has more than 17 banking clients in 10 coun­tries.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.