Cashku, a Malaysia-based end-to-end digital financial planning platform, has announced a new $2.4 million round of investment led by prominent investors.
The firm said in a statement on Monday that the shareholders include Tunku Zain Al-‘Abidin Tuanku Muhriz, founding president of the Institute for Democracy and Economic Affairs (IDEAS) and also a member of the Negri Sembilan royal family; Ali Abdul Kadir, former Securities Commission Chairman; 1337 Ventures spearheaded by Bikesh Lakhmichand; and private equity professionals from Britain.
The funds raised will accelerate Cashku’s ability to provide a unified platform for financial planning, where Malaysians can consolidate their unit trust portfolios, managed funds and retirement plan.
Cashku highlighted the funding reflects investor conviction in the firm’s aim to democratize financial planning and execution nationwide in Malaysia.
“We are honored to have the trust of such highly respected investors,
“Our mission truly is to ensure every Malaysian has a financial plan in place and help them execute it, thereby empowering them on their path to financial freedom,” said Raevendren Ramachandran, Co-founder and Chief Executive Officer of Cashku.
Raevendren said the funding will allow the firm to enhance its technology, scale outreach, and continue building a trusted, advisor-led platform for financial empowerment.
“We’re not just building an app—we’re building a movement that redefines how Malaysians engage with money,” he added.
Cashku said the firm addresses a critical gap in Malaysia, offering both planning and execution, claiming to be the only end-to-end digital financial planning platform that combines digital advisory, goal-setting and execution into one experience.
It highlighted that the digital wealth market is accelerating, with landmark developments underscoring its strength.
MUFG, the largest bank in Japan, acquired Wealthnavi, Japan’s leading robo-advisory platform for just over $660 million this year.
Wealthnavi’s assets under management (AUM) at the time were approximately $8.7 billion, reflecting a transaction value of approximately 8 percent of asset under management (AUM).
Cashku points to these developments as clear evidence of strong momentum and investor confidence in the digital wealth space globally – a backdrop that aligns perfectly for Cashku as it gears up to raise its Series A.
Backed by a clear mission, reputed investors and a rapidly growing market, Cashku said it remains steadfast in its path to enabling Malaysians on their journey towards financial freedom.
“We’re proud to back Cashku as they scale their mission to transform financial planning in Malaysia. At 1337 Ventures, we’re always looking to invest in AI, FinTech, RegTech and startups solving real problems,
“Cashku embodies this vision by making financial planning accessible to all, and we’re excited to support their growth journey,” said Bikesh, Founding Partner of 1337 Ventures.