Malaysia’s Cashku, a digital wealth platform, has partnered with fund manager Kenanga Investors to offer a selection of investment funds with no sales charge and a minimum investment of MYR10 ($2.40)

In a statement on Wednesday, Cashku said the cooperation aims to widen retail access to professionally managed funds. Under the deal, funds from Kenanga Investors and its distribution partners will be available on the Cashku app. It can help users research funds, open an account, set goals, and invest. Suitability is assessed when investing and monitored afterward.

Cashku, operated by Kuala Lumpur fintech Advisonomics and licensed by the Securities Commission Malaysia, said it uses “agentic” AI for tasks such as risk profiling, portfolio construction, and monitoring. The agentic AI is under the oversight of licensed human advisers.

The approach can help it serve investors at lower cost, Cashku said.

The partnership comes as Malaysia’s fund-management assets reached a record MYR1.14 trillion in 2025, up 6.9 percent, with unit trusts about half of that. The securities regulator’s 2026-2030 capital-market plan targets a market above MYR6 trillion ringgit by 2030 and prioritizes broader access.

Cashku chief executive Raevendren Ramachandran said Malaysia’s gap was access to advice rather than fund quality, while financial planning is limited to the wealthy. Datuk Wira Ismitz Matthew De Alwis, chief executive of Kenanga Investors, said digital distribution let the firm reach investors starting earlier and with smaller sums than traditional channels, without lowering suitability and governance standards.

Cashku raises $2.4M funding to expand digital financial planning in Malaysia