ANNA Money and Shaype Launch Australia’s First AI-Powered Finance Super App for Pty Ltd Businesses
AI-driven fintech ANNA Money partners with Shaype to debut Australia’s first all-in-one financial super app for startups and Pty Ltd companies. The platform streamlines banking, tax, cards, and company formation into a single intelligent solution tailored for SMEs. AUSTRALIA, 16 APRIL 2025 – In a major leap forward for business finance, UK-based fintech ANNA Money has officially entered the Australian market with the launch of...
London Hosts MIFC-UK Forum to Drive Green Investments and Islamic Finance Solutions
The MIFC-UK Business Forum in London brought together Malaysian and UK financial stakeholders to explore the role of Islamic finance in green investments and cross-border partnerships. Key discussions focused on leveraging Islamic finance for sustainability, with both nations committed to advancing their economic and environmental goals. 11 September 2024 – Today, London was the venue for the MIFC-UK Business Forum, a pivotal...
MDEC Opens Applications for 2024 Digital Content, Catalyst, and Export Grants to Boost Malaysia’s Digital Economy
MDEC has opened applications for the Digital Content Grant (DCG), Malaysia Digital Catalyst Grant (MDCG), and Malaysia Digital Export Grant (MDXG) to support local innovation, digital content creation, and global expansion of Malaysian companies. These grants provide significant funding opportunities for eligible businesses and will remain open until fully committed. 10 September 2024 – The Malaysia Digital Economy Corporation...
GamBit Custody Secures DAC Status, Revolutionizes SME Fundraising and Digital Asset Solutions in Malaysia
GamBit Custody, recently approved by Malaysia’s Securities Commission as a Digital Asset Custodian, is driving secure and affordable digital asset solutions for SMEs, including the country’s first Token Crowdfunding wallet. GamBit Group has also launched a RM100 million fund to fuel its expansion, focusing on supporting regional SMEs, especially in Sarawak, to access emerging financial technologies. 6 September 2024 – As...
MyEG Services Collaborates with Credit Bureau Malaysia to Provide MySCoRE Credit Reports Online
MyEG Services Bhd has partnered with Credit Bureau Malaysia to offer MySCoRE credit reports on the MyEG portal, providing users with comprehensive financial information to support various needs without additional charges. This partnership aims to enhance accessibility to critical credit data for better financial planning. 3 July 2024 – MyEG Services Bhd (KL: MYEG) announced its collaboration with Credit Bureau Malaysia Sdn Bhd...
Jirnexu Sdn Bhd Acquires CompareHero, Enhancing Leadership in Malaysian Fintech Sector
Jirnexu Sdn Bhd, parent company of RinggitPlus, is acquiring CompareHero from MoneyHero Limited, enhancing its leadership in the Malaysian fintech sector. This strategic move will expand Jirnexu’s reach and capabilities, while MoneyHero transitions to an investor role in Jirnexu. 1 July 2024 – Jirnexu Sdn Bhd, the parent company of RinggitPlus, has announced its acquisition of CompareHero, the Malaysian arm of...
IBPO Group Berhad Partners with Triathlon Star Ann Pow to Champion Financial Empowerment
IBPO Group Berhad has appointed Malaysian triathlete Ann Pow as its first brand ambassador, aiming to inspire and empower young athletes and women through its innovative financial solutions. Ann Pow, a celebrated triathlete, will promote IBPO’s values and technology, including the ANIKA AI-powered financial consultant. 1 July 2024 – IBPO Group Berhad (IBPO), a premier fusion financial company, has proudly announced the...
PUC Bhd to Acquire Alevate Capital and Alevate Solutions for RM200 Million in Strategic Fintech Expansion
PUC Bhd has agreed to acquire Alevate Capital Sdn Bhd and Alevate Solutions Sdn Bhd for RM200 million, aiming to enhance its fintech capabilities and expand its market presence. 10 June 2024 – PUC Bhd has entered into a heads of agreement to acquire the entire equity stakes in Alevate Capital Sdn Bhd and Alevate Solutions Sdn Bhd for RM200 million, a deal to be settled in cash and shares. The vendors of the companies, Eatcosys...
LOANPANDA Launches Campaign to Address Malaysia’s Economic Challenges
LOANPANDA launches a campaign to promote financial literacy and address Malaysia’s economic challenges. Through comprehensive marketing solutions and educational resources, LOANPANDA aims to simplify financial concepts and empower consumers to navigate economic uncertainties effectively. By aggregating financial information and offering personalized assistance, LOANPANDA seeks to alleviate financial pressures on households and...
MADCash Triumphs with Double Wins at 2024 Money Awareness & Inclusion Awards
MADCash Sdn. Bhd. has won two awards at the 2024 Money Awareness & Inclusion Awards for its impactful work in empowering women entrepreneurs through zero-interest microfunds. The company received accolades for Best For-profit Project for Under-Served Communities and Closing The Gender Gap. 31 May 2024 – MADCash Sdn. Bhd., a rising Malaysian fintech company specializing in zero-interest microfunds for women entrepreneurs, has...
Labuan IBFC and Qatar Financial Centre Release Joint Publication Promoting Collaboration in Islamic Finance
Labuan IBFC and Qatar Financial Centre (QFC) have jointly launched a publication titled “Mutual Cooperation Towards Global Connectivity”, following an MoU signed last year. The publication highlights potential areas for collaboration in Islamic finance, emphasizing the pivotal roles both jurisdictions play in advancing digitalization and globalization in the industry. 14 May 2024 – Labuan International Business and...
Seedflex Technologies Secures Funding to Launch Innovative Digital Financing Solution Across Southeast Asia, Bridging Credit Gap for Cashless Merchants
Seedflex Technologies secures seed funding from 500 Global to launch its shariah-compliant digital financing solution, PAYS Advance, across Southeast Asia, starting with Malaysia. PAYS Advance offers frictionless credit access for cashless merchants, aiming to empower MSMEs and bridge the digital credit gap in emerging markets. 18 April 2024 – Seedflex Technologies (Seedflex), a pioneering inclusive fintech company, has...
Akulaku Secures US$100 Million Debt Financing from HSBC Singapore to Drive Profitability and Expansion in Southeast Asia’s Fintech Landscape
Southeast Asian fintech Akulaku, backed by Alibaba, secures US$100 million debt financing from HSBC Singapore to address existing debts and enhance profitability, emphasizing its improved financial health and commitment to sustainable growth. Despite regulatory challenges, Akulaku remains optimistic about its expansion plans in Indonesia, its primary market, aiming for increased revenue amidst fierce competition in the online lending...
MoneyX: Your AI-Powered Financial Assistant Arrives in Malaysia
MoneyX, a new AI-powered super app launched in Malaysia, aims to simplify personal finance management by offering data organization, financial insights, and access to various financial products within a single platform. 5 March 2024 – Hextar Vision Sdn Bhd, a subsidiary of Hextar Technologies Solutions Bhd (HexTech), today announced the official launch of MoneyX, a super app designed to simplify personal finance management for...
RGE Secures US$1 Billion Sustainability-Linked Loan for Agribusiness Expansion, Reinforcing Commitment to Green Growth
Singapore’s RGE has secured a US$1 billion Sustainability-Linked Loan (SLL) for its agribusiness, incorporating Asian Agri and Apical. The SLL, tied to key performance indicators (KPIs), highlights RGE’s commitment to sustainability, with oversubscription by 1.4 times and the introduction of a Sustainability-Linked Derivative (SLD) reinforcing the company’s dedication to responsible growth and accountability. 29...
Maybank Islamic Pioneers Shariah-Compliant Portfolio Financing to Enhance Islamic Wealth Management
Maybank Islamic has become the first Islamic bank in Malaysia to launch a Shariah-compliant portfolio financing solution, enhancing its Islamic wealth management (IWM) offerings. The move aligns with the growing demand for ethical and purpose-driven investments, and Maybank Islamic aims for a 30 percent business growth by the end of the year with the introduction of this new solution. 24 January 2024 – Maybank Islamic Bhd has...
Finalyst Unveils Innovative Platform to Address Malaysian Youth Debt Crisis Through Financial Health Assessment
Finalyst, a homegrown FinTech platform, has launched a pioneering financial health assessment service to tackle the high debt levels among Malaysian youth, attributed to financial illiteracy. The platform, equipped with cutting-edge technology, offers custom financial plans, visualization of scenarios, and monitoring functionalities, aiming to redefine the financial planning landscape in Malaysia. 24 January 2024 – Homegrown...
Bursa Malaysia Launches SME X Platform for Enhanced SME Fundraising and Investor Connections
Bursa Malaysia, in partnership with the Companies Commission of Malaysia (SSM), introduces the SME X Platform, a groundbreaking initiative facilitating corporate fundraising for SMEs. Leveraging data and technology, the platform connects SMEs with potential investors, offering comprehensive insights into company performance. The platform is a result of a collaboration between Bursa Malaysia and SSM, aimed at enhancing data analytics...
Funding Societies Secures Major Investments to Propel MSME Financial Inclusion and Expansion Across Malaysia
Funding Societies Malaysia, a leading fintech firm, has secured strategic investments from Khazanah Nasional Bhd and CGC Digital Sdn Bhd to extend its services beyond major cities, with a goal to serve over 25,000 micro, small, and medium enterprises (MSMEs) in Malaysia by the end of 2025. This capital infusion aims to address a substantial RM90 billion (US$19 billion) funding gap for MSMEs and enhance financial inclusion through...
Shopee Expands Influence in Brazil with Strategic Acquisition of Blu’s Local Credit Arm
Shopee, the Singapore-based e-commerce giant, has acquired the local credit arm of Brazilian fintech Blu, marking a strategic move to provide direct credit services in Latin America’s largest economy. The deal, with preliminary approval from Brazil’s antitrust regulator Cade, follows Shopee’s aim to enhance its Brazilian operations and reduce costs, as highlighted in a November legal filing. 19 December 2023 –...
