Top fintech startups in Malaysia
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.