Tag: Malaysia

Peer-to-peer financing platform CapBay has reportedly raised $20m in its Series A round, which was supported by Singapore-based venture firm KK Fund.

Dutch-based crowdfunding platform Lendahand has deployed €5m into Singapore-based Funding Societies to invest in underserved SMEs.

Digital banking solution Moneythor has raised a new funding round from investor Navis Capital Partners.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Split, a FinTech helping those in Singapore and Malaysia to split payments into monthly instalments, has reportedly closed its seed funding round on an undisclosed amount.

Malaysian InsurTech startup PolicyStreet has reported raised about $1.8m in a Series A round led by KK Fund.

Bank Islam Malaysia Berhad’s taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.

Bank Negara Malaysia has updated its licensing framework for digital banks and is planning on issuing up to five new licenses to qualified applicants.

InstaReM, a cross-border payments company, will offer free electronic-Know Your Customer (e-KYC) to residents of Malaysia.