Malaysia
Malaysia, Indonesia central banks launch cross border QR payment linkage
The central bank of Malaysia and Indonesia on Thursday launched a cross-border QR payment linkage, to enable instant, secure, and efficient cross-border payments between Malaysia and Indonesia. Through this linkage, consumers in both countries will be able to make retail payments by scanning the DuitNow or Quick Response Code Indonesian Standard (QRIS) QR…
Malaysia car e-commerce platform Carsome Group appoints ex-AirAsia officer Ravi Shankar as chief marketing officer
Carsome has appointed Ravi Shankar Mallavarapu as its Chief Marketing Officer (CMO) to head multidisciplinary functions and continue driving Carsome’s leadership in all marketing-related aspects.In his new role, Mallavarapu will oversee brand, marketing, digital, social media, public relations, growth, market research and customer experience.
Malaysia’s MDEC to partner with Asean Fintech Group to facilitate funding opportunities to Malaysian tech companies
The Malaysia Digital Economy Corporation (MDEC) in collaboration with ASEAN Fintech Group (AFG), announced Wednesday a strategic partnership to enhance initiatives aimed at scaling up Malaysian fintech companies. Their collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem support and joint amplification. MDEC will curate…
Malaysian perfume startup Scentses + Co receives seed investment from conglomerate MUI Bhd
Scentses + Co has announced a strategic partnership and a lead investment from Malayan United Industries Bhd (MUI) through its venture arm, Pan Malaysia Ventures Sdn Bhd under Pan Malaysia Corporation Bhd. By leveraging the strength and backing of the conglomerate, Scentses + Co is set to further catapult the company’s growth towards achieving an annualised…
Malaysia launches Financial Sector Blueprint 2022-2026, advancing digitalization of the financial sector’s among the strategic thrusts
Advancing digitalization of the financial sector is among the five strategic thrusts stated in the Blueprint. Among the initiatives include future-proofing key digital infrastructures, supporting a vibrant digital financial services landscape, strengthening cyber security readiness and responsiveness, and supporting greater use of technology for regulation…
Malaysia B2B startup Dropee raises $7M Series A round led by Vynn Capital
Dropee has completed its $7 million Series A round comprising a combination of equity and debt investments from new and existing investors. The current financing round, led by returning investor Vynn Capital, welcomes new investors including HCL Capital, Resolution Ventures and LKF Capital.
Malaysian edtech startup GuruLab raises $1M seed round to enhance its proprietary analytics platform and expand its offerings
GuruLab has closed a $1 million seed round. It intends to use the funds to enhance its proprietary analytics platform and expand its offerings within Malaysia’s education ecosystem.
Malaysian content aggregator Newswav raises $1.43M in new Series A funding led by OSK Ventures to drive content, user growth
Newswav has raised RM6 million in its latest Series A funding led by OSK Ventures International Berhad (OSKVI) to further strengthen its market-leader position and drive user penetration in key market segments. As part of its expansion plans, part of its funds will be used towards user acquisition, strengthening their leadership in the content aggregation…
AirAsia aims to become Asia’s largest food delivery, ride hailing company – report
AirAsia has been aggressively building its digital businesses and its Asean Super App over the last two years as most of its planes were grounded due to the ongoing COVID-19 pandemic.
[Updated] Malaysia’s AirAsia classified as financially distressed company
AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.
