Tagged: malaysia

Brief: Malaysian MNP Auctioneers Exceed 85% of Crowdfunding Goal on Crowdo, Angel Dato Wei Invests

“I was attracted to the MNP Auctioneers business because it will bring new opportunities to South East Asia as evidenced by the success of Christie’s and Sotheby’s for this industry,” Dato Wei Chuan Beng commented. “I think ECF provides value to MNP as it opens the… Read More

Malaysian Fintech Company Jirnexu Secures $1.5 Million During Series A Funding Round Led By Existing Investor DMP

Jirnexu, a Malaysia-based fintech startup, announced this week it has secured $1.5 million during its Series A funding round, which was led by existing investor DMP with participation from Gobi Partners and OSK Ventures International Board. The company stated that it enables banks, insurance companies,… Read More

RE/MAX Malaysia Crowdfunding Campaign Raises Over MYR 300,000

Kellerhhof International Sdn Bhd led RE/MAX Malaysia‘s equity crowdfunding campaign over the past month to aim to raise MYR 200,000 (approximately $45,000).  The campaign on CrowdPlus.asia finished yesterday and resulted in RE/MAX Malaysia successfully surpassing its minimum goal, raising MYR 322,888 (approximately $72,000).  RE/MAX Malaysia offered… Read More

Malaysia’s Maybank Expects “Maybank Samsung Pay” to Boost Customer Numbers by 100% in 2017

Last week, Malaysia’s largest bank, Maybank, announced it is expecting Maybank Samsung Pay to boost the number of customers using contactless payments among its cardholders by at least 100% by end 2017. The Maybank Pay launched in Malaysia this summer and already received nearly 40,000 installations… Read More

HelloGold Is World’s First Shariah-Compliant Gold Fintech Platform

HelloGold recently launched in Malaysia, is the first online gold platform to be endorsed as Shariah compliant by the Shariah Supervisory Board of Amanie Advisors. The approval is predicted to give the company access to millions of Muslim customers around the region. The gold savings… Read More

Government of Malaysia Invests $22M in US Startup Phunware

Phunware, a U.S. tech startup based in Austin, Texas, raised $22 M earlier this month from Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Khazanah is not a stranger to investing in companies beyond the Malaysian borders; it has also invested in companies… Read More

Second Asian FundedByMe Campaign Secures 310% in Funding

On Monday, FundedByMe announced iTalent’s campaign, which is the second initiative on its Malaysia crowdfunding platform, has secured 310% of its €86,500 funding target. The company has reportedly registered interest to invest from investors in 73 different countries. iTalent is described as an Enterprise Digital… Read More

Singapore Based Funding Societies Expands into Malaysia

First P2B Online Lending Platform Approved by Regulators in Singapore & Malaysia Funding Societies, a peer-to-business online lender, has received an “in-principle approval” of a Capital Markets Services (CMS) license in Singapore, and has been selected as one of the six registered operators in Malaysia… Read More

EthisKapital Claims “World’s First” Licensed Islamic P2P/Crowdfunding Platform

Malaysia’s EthisKapital has claimed the world’s first licensed Islamic P2P/Crowdfunding platform. The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects…. Read More

FundedByMe Awarded License to Operate in Malaysia

FundedByMe Malaysia has been awarded one of six licenses to operate as a “peer to peer” finance platform in Malaysia.  The announcement came during the Securities Commission Malaysia (SC) conference: SCxSC. Berhormat Datuk Johari Abdul Ghani, the Second Finance Minister of Malaysia, made the announcement… Read More

On Board: Bank Negara Malaysia Sets up Fintech Regulatory Sandbox

Bank Negara Malaysia, the country’s central bank, has put together a framework for the sandbox following a month-long consultation with startups, banks and other stakeholders. Malaysia is the latest country following Indonesia, Thailand, Hong Kong, and Singapore, to set up a fintech regulatory sandbox in an effort to help startups… Read More

FundedByMe Malaysia Debuts Second Equity Crowdfunding Campaign for iTalent Management

FundedByMe Malaysia, one of the six equity crowdfunding operators approved in Malaysia, announced its second equity crowdfunding campaign was launched for iTalent Management. The iTalent Management- Enterprise Digital HR Automation campaign made its debut on the equity crowdfunding platform on October 7th. iTalent is described as an… Read More

Singapore Fintech Platform Traderwave Selected for Malaysian MaGIC Accelerator Cohort 3

Singapore-based fintech startup Traderwave is delighted to announce their participation in the Cohort 3 of the MaGIC Accelerator Program. Claiming to be the largest start-up accelerator program in Southeast Asia, this four-month long program began in mid- August 2016, and is scheduled to end on 8 December 2016…. Read More

Sequoia India Leads S$10 Million Series A for Funding Societies

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

World’s First Islamic Endowment Crowdfunding Platform Launched

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

Singapore’s Crowdo Receives CMS License for P2P Lending & Equity Crowdfunding from MAS

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

Global Platform Eureeca Updates on AIG Crowdfunding Insurance & Plans for International Expansion

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

Malaysian Wedding & Baby E-Commerce Platform Nuren Group Crowdfunds on Crowdo

The Malaysian wedding and baby e-commerce platform, Nuren Group, today announced the public launch of its Crowdo Equity Crowdfunding (ECF) offer with a target amount of MYR200,000. Nuren notes that it is the first Venture Capital Quality ECF Offer in South East Asia.  Nuren also recently announced the completion… Read More

First SE Asian Campaign on FundedByMe Hits Goal in 36 Hours

Sweden-based investment crowdfundin platform FundedByMe messaged its intent to start operations in Southeast Asia with the opening of an office in Singapore several years back. FundedByme became the first European-based platform to receive a license to operate in the region when the Securities Commission Malaysia approved… Read More

EthisCrowd Closes S$500,000 Seed Round. “First” for Islamic Fintech in Southeast Asia

Singapore-based EthisCrowd has closed a S$500,000 seed round for their Islamic real estate crowdfunding platform.  The funding round may be the first of its kind in Southeast Asia. The new capital was led by Azmi Global, a subsidiary of Asmi & Associates – a top… Read More