Hextar Technologies Launches MoneyX, a Revolutionary Fintech Super-App, to Simplify Financial Management and Literacy
Hextar Technologies has introduced MoneyX, an all-in-one fintech super-app that leverages AI tools to simplify personal financial management and enhance financial literacy. The app includes a secure digital vault and partnerships with multiple financial institutions, aiming to serve one million users by the next year. 26 October 2023 – Hextar Technologies Solutions Bhd, through its wholly-owned fintech unit, Hextar Vision Sdn...
Bank Negara Malaysia Commits RM600 Million to Supercharge MSMEs in Belanjawan 2024
Bank Negara Malaysia is injecting RM600 million into its Fund for SMEs, with allocations for microentrepreneurs, small contractors, agrofood initiatives, and green certifications. The move is in line with the Belanjawan 2024 plan to support MSMEs, with an additional RM25 million to assist low-income microentrepreneurs. 23 October 2023 – In a strategic move to bolster the growth of micro, small, and medium enterprises (MSMEs),...
Empowering Women Entrepreneurs: MADCash Secures Five Million Ringgit Investment for Expansion
MADCash, a fintech startup focused on empowering women entrepreneurs through zero-interest microfunding, has successfully secured a five million ringgit investment in its pre-Series A funding round led by Artem Ventures. This investment will drive the expansion of MADCash’s initiatives, including the launch of MADCash Academy, with the aim of supporting over 800 women entrepreneurs by the end of the year. 3 October 2023 –...
Funding Societies and CGC Digital Unite to Reshape Financing Landscape for Malaysian MSMEs
Funding Societies and CGC Digital have forged a pioneering partnership to revolutionize financing for underserved micro and small enterprises (MSMEs) in Malaysia. By leveraging alternative data and a digital-first approach, the collaboration aims to offer transformative financial solutions through a Shariah-compliant digital supply chain financing (DSCF) platform, enabling broader and more affordable access to credit guarantees. 9...
CapBay Surpasses RM1 Billion Funding Milestone for Underserved SMEs
CapBay has reached a remarkable milestone by disbursing over RM1 billion in funding to more than 400 underserved SMEs, demonstrating its dedication to empowering businesses and offering safe investment options. With a default rate below 0.1%, CapBay’s advanced technology and AI-driven credit model have enabled financing for creditworthy SMEs, challenging the perception of alternative investments being high-risk. 14 July 2023...
