Fintech Malaysia Companies and Fintech Malaysia Startups | – FintechNewsSG

Fintech Malaysia Companies and Fintech Malaysia Startups | – FintechNewsSG

This list was extracted from our Fintech Malaysia Report 2017, it is intended to serve as a comprehensive list of fintech companies and startups operating in Malaysia.

Billplz is a cash solution to send bills and collect payments in real-time

GHL provides integrated end-to-end payment solutions encompassing physical and virtual network

Imaginary Pay is mobile platform for money transfer and payments

Owned by NTT Data iPay88 is a Payment Gateway Provider in South East Asia transactions of RM 30 Million and over 10,000 merchants

MOLPay is a payment gateway in Southeast Asia that provides complete coverage of payment methods, including credit/debit card, domestic internet banking with more than 100 banks in Southeast Asia

Ozopay is an e-commerce payment solution enabler that authorizes credit / debit card and online banking payment transactions for e-commerce merchants.

Mobile Money provides a fully integrated system for users to make payment and transfer money

PayAzu is a mobile payment platform working on bill aggregation. It enables user to upload bills; and and pay bills through the platform

Revenue Monster is a fintech company who’s focus is to build the solution for merchants to collect through all popular mobile payment channels such as Wechat Pay

Soft Space is a digital payments company that focuses on the development of solutions for the e banking and payment industry. Soft Space was amongst the first companies to introduce MPOS to the market.

Webcash enables cashless transactions for B2B, B2C and P2P payments

FINTECH COMPANIES IN MALAYSIA – WALLETS

Alipay, or Zhifubao in Chinese, is a third-party mobile and online payment platform. It recently expanded into Malaysia through partnerships with Maybank and CIMB bank. Currently it is focused on the payments from Chinese tourism market

Boost is a stored value wallet operated by telco player Axiata Group that enables payments to merchant using QR Codes

FavePay is operated a by Fave a deals and promo service provide previously known as Groupon. It functions as a payment aggregrator to allow for merchants to accept various payment methods

HotWallet is a mobile wallet that enables QR payments to merchants and e-payments

Kiple is a mobile wallet operated by Weboline DotCom that enables P2P payments and merchant payments

MCash is a stored value mobile wallet operated by MRuncit Sdn Bhd

PrimeKeeper is a fintech startup focusing mobile on real time CASA to CASA payments without physical terminals

Samsung Pay is a HCE mobile wallet operated by Samsung currently partnering witth CIMB Bank, Maybank, RHB Bank, Citibank and Standard Chartered Bank

Touch ‘n Go, a subsidiary of CIMB Bank is the most widely used stored valued card for public transporation. It is slated to launch its mobile wallet in parternship with CIMB and Alipay in the near future

Vcash is a digital wallet offered by Digi a Malaysian telco operator and a wholly owned subsidiary of Telenor

VeCash is a bank to bank, eWallet to eWallet, mobile payment and money transfer platform.

FINTECH COMPANIES IN MALAYSIA – CURRENCY EXCHANGE

Currenseek is a mobile app that helps user to compare currency exchange rates of money changers

Moneybay is a online platform to search and compare live foreign exchange rates provided by their partner merchants

MoneyMatch is one of the four fintech companies approved under the Bank Negara Malaysia Sandbox. The company provides peer to peer currency exchange and cross border remittance.

SwapIt is a fintech startup that provides a mobile platform for users to exchange currencies instantly at mid-market rates.

WorldKoins provides mobile app for travelers to convert leftover foreign currencies to various online e-Wallets

FINTECH COMPANIES IN MALAYSIA – BLOCKCHAIN

HelloGold blends gold trading with blockchain technologies. Its app allows for customers to buy and sell physical gold for a minimum price of RM 1

LuxTag provides digitized certificates of authenticity on a blockchain powered by NEM

NEM is a Smart Asset Blockchain which delivers a platform for almost any kind of assets which includes; currencies, supply chains, notarizations, ownership records and more

Neuroware helps organisations future proof themselves by defining new opportunities by adoption blockchain technologies. They have worked with organisations such as Maybank, Bank Negara Malaysia, & Securities Commission Malaysia

ISLAMIC FINTECH

Ethis Kapital is one of the 6 companies approved by Securities Commission as an Islamic P2P operator

As-Sidq™ is an Islamic Financial Tawarruq (Fund-raising) Trading Platform adopted by 20 financial institutions in Malaysia

Wahed is an automated halal investment platform

FINTECH COMPANIES IN MALAYSIA – PERSONAL FINANCE

FinPay Is an expense management app that is analytics and voice enabled

Money Lion is a personal finance management app that helps users monitor their credit score, loans, and spending. It also features recommendations to help its users reach their financial goals.

Smartly is a fintech company building a new-generation robo-advisor, providing a digital wealth management platform to retail investors.

FINTECH COMPANIES IN MALAYSIA – CROWDFUNDING

ATA Plus is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia

Crowdo is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia

Crowdplus is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia

Eureeca is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia

Funded by Me is one of the 6 crowdfunding platform and one of the 6 p2p platform approved under the Securities Commission of Malaysia.

pitchIN is one of the 6 crowdfunding platform approved under the Securities Commission of Malaysia

Skolafund is web platform for students, especially the ones in need, to crowdfund their scholarships for higher education.

FINTECH COMPANIES IN MALAYSIA – LENDING

B2B FinPal is one of the 6 companies approved by Securities Commission as a P2P operator

Capital Bay helps corporations optimise their working capital and provide businesses real-time technology to collaborate with a wider network of financial institutions to access financing opportunities

Direct Lending is an online personal lending platform for civil servants.

Ethis Crowd is one of the 6 companies approved by Securities Commission as a P2P operator

Fundaztic is one of the 6 companies approved by Securities Commission as a P2P operator

Funding Societies is one of the 6 companies approved by Securities Commission as a P2P operator

QuicKash is one of the 6 companies approved by Securities Commission as a P2P operator

FINTECH COMPANIES IN MALAYSIA – KYC

Chekk.me enables individuals to own their digital identity and control what data they share. Businesses get a secure platform for seamless customer interactions and data requests

EZMCOM is a security access provider for  that can be deployed to protect users, data, and applications from credential theft, account takeover and breaches.

Innov8tif is a technology company that was conceived to simplify processes, increase efficiency and improve profitability of its clients with a specific focus in KYC and customer onboarding

Pulse iD is an identity platform that uses geolocation data to unlock security, loyalty & identity services to banks, telcos & media clients

Xendity an e-KYC company that provides solutions for digital onboarding and use authentication

FINTECH COMPANIES IN MALAYSIA – COMPARISON SITES

Bank Bazaar is a comparison site for loans, credit cards and fixed deposit rates. The company is headquarted in India and began operations in Malaysia in June 2017

CoverGo runs a mobile app consolidates insurance policies from all providers in one place to create a digital insurance wallet. The app automatically summarises the user’s insurance portfolio to help understand gaps in coverage

Get Cover is and o2o platform providing onboarding, renewal, and comparison services for motor insurance. It’s one of the four companies approved under the Bank Negara Fintech Sandbox

Go Insurance is an insurance comparison site to help consumers find and compare Insurance plan

iMoney is a comparison site for credit cards, loans and fixed deposit operating in 6 countries

Founded: 2012 | Loanstreet is a comparison site  focusing on loans and credits cards

Qompanion is a comparison site focusing on motor insurance and travel insurance

RinggitPlus.com is one of several brands owned and operated by FinTech company Jirnexu founded in 2012. Its site compares credit cards, personal loans, insurance plans and mortgage loans

FINTECH COMPANIES IN MALAYSIA – INSURTECH

DraVA is a Malaysian insurtech app that is designed as a tool for drivers to improve their driving habits by providing feedback after every trip made.

FatBerry is an online marketplace that offers a  range of insurance products from Malaysia, Singapore & Indonesia. FatBerry is also developing and AI chatbot to automate insurance purchases

Katsana develops connected car technologies for usage based insurance and to reduce motor claims using behaviour data

Founded: 2017 |
PolicyStreet sells a wide range of curated and simple insurance policies. It offers insurances products for common consumer needs such as travel, dental and personal accidents as well as niche ones such as musical instruments, photography gear and pets.

U For Life is an Insurtech company launched in 2015, the company has insured over RM 600 million and is considered the largest online term life insurance provided

FINTECH COMPANIES IN MALAYSIA – REMITTANCE

eRemit is an online money transfer portal which enables you to transfer money globally. eRemit is an exclusive service provided by Merchantrade Asia Sdn Bhd, a licensed Remittance Service Provider.

MoneyMatch is one of the four fintech companies approved under the Bank Negara Malaysia Sandbox. The company provides peer to peer currency exchange and cross border remittance.

Tranglo offers remittance services through 400 banks, 7000 cash pick up outlets and 12 countries in its network

TransferFriend offers cross-border digital money transfers with over 100,000 cash and pickup locations in Indonesia, Nepal, Philippines and Bangladesh

Valyou is a operated by Telenor that enables international transfers, prepaid top-up, bill payments and P2P transfers via their mobile app

FINTECH COMPANIES IN MALAYSIA –ARTIFICIAL INTELLIGENCE

Goals 101 provides an Artificial Intelligence and Machine Learning platform that analysis card spent data and predicts customer purchase behavior. It enables brands to provide offers to a hyper targeted set of customers based on their past purchase behavior.

Pand.ai develops AI enabled chatbots for financial services using NLP and contextual memory

FINTECH COMPANIES IN MALAYSIA – MARKETPLACE

MHub is real-estate fintech platform for property developers, agents and bankers to
connect, communicate and collaborate towards faster, higher conversion. It enables a digital showroom, credit check and loan tracking

MyCash is an E-Marketplace for migrants that enables migrants to top-up their mobile phones, purchase bus tickets and make bill payments

Re Solutions is a cloud based end to end process manager facilitating the ordering, management and compliance of a valuation request between a Financier and Valuer.

Interested to know more about the fintech landscape in Malaysia? Check out our Fintech Malaysia 2017 report here

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