Tagged: malaysia

Securities Commission Malaysia: Equity Crowdfunding, P2P Lending & DLT Gaining Traction as it Embraces Digital Innovation

Securities Commission Malaysia (SC) says it continues to lead digital innovation in finance with significant progress reported on major Fintech markets initiatives. At its flagship Fintech event, SCxSC Digital Finance Conference 2017, SC Chairman Tan Sri Ranjit Ajit Singh in his speech delivered to attendees… Read More

China: WeiyangX Fintech Review

China is Reported to Shut Down Illegal Cash Loan Platforms Bloomberg, citing sources close to the situation, reported that regulators in China has started to consider strengthening supervisions towards cash loan platforms, with high probability of shutting down illegal ones. This round of inspections will… Read More

LendingStar Exchange “World’s First Invoice Exchange” Kicks Off ICO

LendingStar Exchange (LSX), a company that claims to be the worlds first invoice trading platform based on Blockchain, kicks off its Initial Coin Offering today (October 25th). LendingStar launched a private token sale earlier this month to invitation only investors. While no details have been… Read More

WorldRemit Takes Off in Malaysia, Names Ridzuan Aziz as Country Director

WorldRemit, a digital money transfer company, has launched in Malaysia following the company’s acceptance as one of only four initial entrants into Bank Negara’s Financial Technology Regulatory Sandbox in June.  Ridzuan Aziz, a senior Malaysian business leader with experience in compliance advisory and fintech, has… Read More

SuperCharger Launch Day Event in Kuala Lumpur Scheduled for September 26th

Following their expansion into Malaysia, SuperCharger Fintech Accelerator has scheduled its inaugural launch day event for September 26th in Kuala Lumpur. Organizers report that after reviewing over 100 applications, entries have been narrowed down to 10 promising Fintech startups. The event will see SuperCharger representatives… Read More

Securities Commission Malaysia Comments on Fintech Bridges

Securities Commission Malaysia (SC) has released a statement on the recently signed cooperation agreements with major financial centers. These “Fintech bridges” are described as a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry. Recently, SC has established… Read More

Dubai & Malaysia Sign Fintech Cooperation Agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech.  According to both parties, this agreement reflects efforts by both authorities to provide a robust regime that fosters financial innovation in the… Read More

SWC Enterprise, Listed on FundedByMe, Aims to Break Crowdfunding Record in Malaysia

SWC Enterprise, said to be the fastest growing houseware retail store in Malaysia, recently launched an equity crowdfunding offer on Fundedbyme. The campaign has successfully raise 281% from its minimum target of MYR 1,002,728 (about USD $238,858), the total amount has been achieved MYR 2,847,146… Read More

Here is the Warning from Securities Commission Malaysia on ICOs

Securities Commission Malaysia (SC), a regulatory body that has been quite forward thinking when it comes to Fintech innovation, has published a statement on Initial Coin Offerings or ICOs. SC cautions investors on participating in ICOs or token sales noting that some may be securities,… Read More

Senturia Capital Announces Partnership With Funding Societies to Expand Alternative Financing Access to Malaysian Businesses

Private equity fund manager Senturia Capital has reportedly announced a partnership with peer-to-peer financing platform Funding Societies to expand alternative financing access and capital solutions for Malaysian businesses. According to The Star, Senturia Capital managing director, Datuk Marco Yap, revealed that the partnership with Funding… Read More

SuperCharger Fintech Accelerator Expands into Malaysia

Hong Kong based SuperCharger, a Fintech accelerator program, has expanded its footprint into Malaysia. SuperCharger has partnered up with Standard Chartered, Allianz and Malaysia Digital Economy Corporation to launch their 12 week program in Kuala Lumpur. SuperCharger is accepting applicants now with a deadline of… Read More

FundedByMe Malaysia Launches Peer to Peer Lending Platform AlixCo

FundedByMe Malaysia (FBM Crowdtech Sdn Bhd), one of the first approved crowdfunding platforms in the country,  has created a peer to peer lending platform for SMEs. The new platform, entitled AlixCo, is designed to help finance Malaysian entrepreneurs and to address the SME financing gap in… Read More

China: WeiyangX Fintech Review

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More

Malaysian Bank CIMB Announces Partnership With Alipay for Mobile Wallet & Financial Services

Malaysia’s second-biggest bank, CIMB Group Holdings Bhd, announced this week its new equity joint venture partnership with Ant Financial Service Group’s Alipay to provide mobile wallet and related financial services.  According to Reuters, CIMB unit, Touch ’n Go Sdn Bhd, will be the majority shareholder… Read More

ADGM Partners with Malaysian Labuan IFBC, Labuan FSA & Australian ASIC: Building Global Fintech Bridges

Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi, Labuan International Business and Financial Centre (Labuan IBFC) and Labuan Financial Services Authority (Labuan FSA) have entered new partnerships to foster greater collaboration on joint financial activities and regulatory practice that support the… Read More

GOOAAL!!! Crowdo Celebrates Successful MNP Auctioneers & Goody Technologies Campaigns

Crowdo announced two more successful Equity Crowdfunding offers which had successfully surpassed their fundraising targets: MNP Auctioneers and Goody Technologies. This adds to a successful track record of ECF offers published on the Crowdo ECF website including The Parenthood which raised a record-setting 2.64mn RM… Read More

MyCash Online, the e-Marketplace for Migrants, Raises over $300,000 USD

Fintech company MyCash Online has recently raised over $300,000 USD ($1.3 million RM) in its crowdfunding campaign that was launched on June 1st. MyCash Online is an e-marketplace that was created specifically to accommodate the large amounts of migrants in Malaysia and Singapore. They offer… Read More

Malaysia Fintech Firm Soft Space Raises US $5 Million From Japan’s Transcosmos

Malaysia Fintech firm Soft Space, which offers mobile payment solutions, announced it has secured US $5 million in funding from Japanese e-commerce company Transcosmos Inc. Mobile POS and E-Commerce Soft Space offers mobile point-of-sale services for small and large merchants in Malaysia and other parts of Southeast Asia…. Read More

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