This list was extracted from our Fintech Malaysia Report 2018, it is intended to serve as a comprehensive list of fintech companies and startups operating in Malaysia.
FINTECH COMPANIES IN MALAYSIA – PAYMENTS
Founded: 2017 | 
AppPay empowers commerce through mobile payments, mobile commerce and rewards & loyalty programmes
Founded: 1997
GHL provides integrated end-to-end payment solutions encompassing physical and virtual network
Founded: 2006 | 
Owned by NTT Data iPay88 is a Payment Gateway Provider in South East Asia transactions of RM 30 Million and over 10,000 merchants
Founded: 2015 |
iPayLinks is primarily involved with payment settlement solutions, mobile payments solutions, and development of e-payment technology
Founded: 2005 |
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
Founded: 2000 |
ManagePay Systems Berhad (“MPay”) is a provider of end-to-end electronic payment (“e-Payment”) solutions for banks and financial institutions, merchants and card issuers with operations in Malaysia.
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
Founded: 2000 |
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
Founded: 2012 | 
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.
Founded 2015 |
senangPay is an Online Payment Gateway that enables merchant to receive and collect payments from customer through Credit Cards, Debit Cards and Internet Banking (FPX).
FINTECH COMPANIES IN MALAYSIA – WALLETS
Founded: 2014|
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
Kiple is a mobile wallet operated by Weboline DotCom that enables P2P payments and merchant payments
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
Founded: 1997 |
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
FINTECH COMPANIES IN MALAYSIA – CURRENCY EXCHANGE
Founded 2015 |
Currenseek is a mobile app that helps user to compare currency exchange rates of money changers
Founded 2015 |
Moneybay is a online platform to search and compare live foreign exchange rates provided by their partner merchants
Founded 2015 |
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.
Founded 2015 |
WorldKoins provides mobile app for travelers to convert leftover foreign currencies to various online e-Wallets
FINTECH COMPANIES IN MALAYSIA – BLOCKCHAIN
Founded 2015 |
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
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
Founded 2009 |
As-Sidq™ is an Islamic Financial Tawarruq (Fund-raising) Trading Platform adopted by 20 financial institutions in Malaysia
FINTECH COMPANIES IN MALAYSIA – PERSONAL FINANCE
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
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
Ethis Crowd 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
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
Founded: 2006|
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
Solus provides authenciation and verification solutions through behavioural biometrics and iris regconition
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
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
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.
Founded 2015 |
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.
MyFinB uses their propriertary Natural Language Generation platform to transform financial data to insights to help companies make better financial decisions
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
