Best FinTech Companies in Malaysia
The 451 best FinTech companies in Malaysia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: TNG Digital.
Malaysia's FinTech sector draws serious capital attention, and this directory ranks the best FinTech companies in Malaysia by disclosed equity funding and recent funding momentum across 451 tracked firms. Total disclosed funding sits at $565M, with Soft Space leading the pack at $36M raised, followed by Paywatch at $14M and Versa at $7M. No unicorns yet, but the pipeline is real.
The global FinTech market hit roughly $113.4B in 2025 and is forecast to reach $461.6B by 2034, compounding at 17.21% annually, which tells you how much runway remains for markets like Malaysia. Stringent government regulations shape who scales and who stalls here, so funding discipline matters more than headline ambition. As shown in 2017 research, digital financial platform adoption hinges on structural trust factors that regulation either builds or breaks. I'd watch the next-gen banking and platform banking themes closely, where most of the current deal flow is clustering. Investors like Gobi Partners, 500 Global and 1337 Ventures are placing bets across that stack. The numbers are the signal.
- Statista
Our analysis of 1,006 FinTech companies
$195.5b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best FinTech companies in Malaysia
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | TNG Digital App-based mobile wallet | $168M | 46 mo ago | 352 | 1997 | — | RubyRuby on RailsEnvoy+10 | 2 partnerships |
| 2 | BigPay Provider of digital wallet services for payments, transfers, and budgeting | $100M | 58 mo ago | 208 | 2017 | Tony Fernandes CEO | StoryblokApple iCloud MailGoogle Workspace+16 | — |
| 3 | JurisTech Provider of AI-powered lending and debt recovery software solutions | $49M | 51 mo ago | 216 | 1997 | See Hun Co-Founder & CEO | WordPressZohoMySQL+28 | 1 award |
| 4 | Soft Space Provider of payment processing solutions for businesses | $36M | 26 mo ago | 222 | 2012 | Joel Tay Co-Founder & CEO | WordPressApple iCloud MailMicrosoft 365+21 | 1 award |
| 5 | Beldex Provider of a blockchain network ecosystem | $28M | 32 mo ago | 113 | 2017 | Kim Hallend CEO | BootstrapTwitter AdsUnpkg+15 | — |
| 6 | CapBay Provider of AI-based P2P marketplace for supply chain financing solutions | $28M | 53 mo ago | 99 | 2016 | Darrel Ang Co-Founder & BDO | Apple iCloud MailGoogle WorkspaceEmotion+17 | 1 partnership |
| 7 | Jirnexu Customer engagement solutions for banks | $28M | 90 mo ago | 102 | 2012 | James Wong Co-Founder & Director & CBDO | Apple iCloud MailGoogle WorkspaceAmazon Web Services+7 | — |
| 8 | PolicyStreet Insurance technology platform providing digital insurance solutions | $24M | 36 mo ago | 75 | 2016 | Wilson Beh Co-Founder | TypeScriptGoogle CloudZone.js+16 | — |
| 9 | Paywatch Developer of an online marketplace for payday loans | $14M | 7 mo ago | 32 | 2018 | Richard Kim Co-Founder & CEO | Tailwind CSSAzure Front DoorAzure+16 | — |
| 10 | Versa App-based asset management platform for consumers | $7M | 14 mo ago | 28 | 2019 | Richmond Yau Co-Founder | WordPressMySQLPHP+28 | 1 partnership |
| 11 | Revenue Monster SaaS-based payment solutions for businesses | $6M | 44 mo ago | — | 2017 | Ken Lim Co-Founder & CEO | Node.jsHeadless UITailwind CSS+13 | 2 awards |
| 12 | iMoney Group Comparison platform of financial products | $6M | 140 mo ago | 58 | 2012 | See Hun CEO | — | — |
| 13 | iMoney Financial products comparison platform | $6M | 141 mo ago | 23 | 2012 | — | WordPressMySQLPHP+34 | — |
| 14 | Ethis Crowdfunding platform for multiple projects | $5M | 57 mo ago | — | 2015 | Yousuf Sultan COO | FirebaseReactReact Router+19 | — |
| 15 | Instapay Technologies Wallet-enabled money transfer solutions for businesses and individuals | $5M | 12 mo ago | 47 | 2017 | Sujata Dutta Co-Founder & Chief Operating Officer | WordPressMySQLPHP+25 | 1 expansion |
| 16 | MoneyMatch Cross-border money transfer platform | $5M | 41 mo ago | — | 2015 | Adrian Yap CEO | Node.jsMUIReact+17 | — |
| 17 | Fundaztic Developer of a P2B lending platform for SMEs | $4M | 42 mo ago | 23 | 2016 | — | WordPressMySQLPHP+21 | — |
| 18 | Hata Cryptocurrency exchange platform | $4M | 1 mo ago | — | 2023 | David Low Co-Founder & CEO | Apple iCloud MailGoogle WorkspaceRuby+11 | 3 job openings |
| 19 | Microleap P2P platform for business loans | $4M | 65 mo ago | — | 2018 | Tunku Mudzaffar Founder & CEO | WordPressMySQLPHP+26 | 1 expansion |
| 20 | MyMy Prepaid card and mobile app | $3M | 68 mo ago | 38 | 2000 | Joe McGuire Co-Founder & CEO | — | — |
| 21 | VSure App-based on-demand insurance platform for life and non-life insurances | $3M | 58 mo ago | 28 | 2017 | Cheryl Lee Co-Founder/ Finance Business Partner | — | 1 partnership |
| 22 | Regovtech Provider of enterprise blockchain, AI, and digital identity solutions. | $2M | 24 mo ago | 43 | 2018 | Datuk Yuen Co-Founder & Managing Director | — | — |
| 23 | Cashku Wealth management savings platform for retirement and educational needs | $2M | 9 mo ago | 10 | 2017 | Raevendren Ramachandran Co-Founder | WordPressPleskMySQL+14 | — |
| 24 | BookDoc Appointment booking platform for patients and healthcare professionals | $2M | 99 mo ago | 31 | 2015 | Dato Beh Co-Founder | ZohoGoogle MapsUbuntu+19 | 1 job opening |
| 25 | Bayo Omni-Channel Digital Payment Solution Platform | $2M | 36 mo ago | 31 | 2016 | Aznul Abdullah CEO | WordPressMySQLPHP+17 | — |
| 26 | IIMMPACT API-based payments and financial data aggregation solutions | $2M | 52 mo ago | 21 | 2017 | Alex Tan CEO | Node.jsReactNext.js+8 | — |
| 27 | Torum Social media platform to connect cryptocurrency users | $2M | 55 mo ago | — | 2018 | Yi Go Co-Founder & CMO | — | — |
| 28 | Payd Provider of an online platform for on demand pay | $2M | 16 mo ago | 15 | 2020 | Darvesh Daswani Co-Founder & CEO | WordPress Block EditorwpBakeryWordPress+35 | — |
| 29 | Kakitangan Online human resource management system | $2M | 53 mo ago | 32 | 2015 | Ning Wang Co-Founder | Builder.ioNode.jsRadix UI+23 | — |
| 30 | MX Global Online exchange platform for cryptocurrency | $2M | 44 mo ago | 9 | 2018 | Fadzli Shah CEO | TypeScriptNode.jsAnimate.css+11 | — |
| 31 | Ouch Provider of insurance policy management solutions | $2M | 20 mo ago | — | — | Shazy Noorazman CEO | Node.jsFacebook LoginApple Sign-in+19 | — |
| 32 | pitchIN Reward-based crowdfunding platform for creative projects | $1M | 28 mo ago | — | 2015 | Sam Shafie CEO and Co-Founder | RubyVarnishTailwind CSS+15 | — |
| 33 | DAX Venture Software for lending | $1M | 86 mo ago | — | 2018 | Chang Chew Soon Co-Founder | — | — |
| 34 | MADCash | $1M | 32 mo ago | — | 2020 | Musyrifah Malek Co-Founder & COO | WordPressMySQLPHP+25 | 1 partnership |
| 35 | Katsana Provider of web-based fleet management and GPS tracking services | $890K | 113 mo ago | 30 | 2013 | — | Tailwind CSSReactGatsby+16 | 1 launch · 1 partnership |
| 36 | Boost Bank Commercial bank | $796K | 26 mo ago | — | 2023 | Fozia Amanulla CEO | DrupalApple iCloud MailMicrosoft 365+23 | 1 award |
| 37 | Payrollpanda Payroll SaaS customized for Malaysia | $700K | 95 mo ago | 15 | 2015 | — | WebflowWordPressMySQL+25 | — |
| 38 | SimplyGiving Donation-based crowdfunding platform | $690K | 67 mo ago | 5 | 2010 | Jeffrey Saw Co-Founder & Director | Webflow EcommerceWebflowcore-js+14 | — |
| 39 | NCore Systems Electronic banking solution provider. | $570K | — | 30 | 2007 | Nicholas See CEO | — | — |
| 40 | Finology Provider of API-driven digital lending and insurance solutions | $500K | 32 mo ago | — | 2010 | Jared Ern Co-Founder & Director | Node.jsAnimate.cssEmotion+15 | — |
| 41 | Easy Pay Transfers Cross-border money transfer platform for enterprises | $500K | 92 mo ago | 3 | 2017 | — | — | — |
| 42 | Hada DBank Islamic bank based on blockchain technology | $500K | 99 mo ago | — | 2017 | Mohd Al Shazanous Mohd Bakar Co-Founder & CFO | — | — |
| 43 | Oyen Online pet health insurance platform | $420K | 47 mo ago | 23 | 2021 | Michelle Chin Co-Founder & COO | Webflow EcommerceWebflowAmazon ALB+29 | — |
| 44 | Monsta Infinite Provider of blockchain-based NFT card game | $406K | 57 mo ago | 30 | 2021 | Joshua L Co-Founder | WordPressMySQLPHP+30 | — |
| 45 | BayaPay Provider of integrated fleet payment and expense management solutions | $281K | 39 mo ago | — | 2021 | Brandon Lee Co-Founder & COO | — | — |
| 46 | AI Concept Cloud-based insurance claim and agency management solutions for the insurance industry | $262K | 51 mo ago | — | 2019 | Steven Lim Nam Teng CEO | — | — |
| 47 | Bukku Cloud-based accounting software for small businesses | $172K | 63 mo ago | 5 | 2019 | Jye Eng Co-Founder | Ant DesignAmazon Web Servicesstyled-components+19 | — |
| 48 | Global Sadaqah Islamic crowdfunding platform | $111K | 64 mo ago | 10 | 2017 | Datuk Radzif Founder | WordPressPleskMySQL+25 | 1 partnership |
| 49 | Newell Road Provider of AI-powered market intelligence for business insights and analysis | $110K | 22 mo ago | — | 2024 | Yusuke Mori Co-Founder | — | — |
Top 12 FinTech companies in Malaysia
#1
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2023$4.2Mraised▾
Cryptocurrency exchange platform. It offers a digital asset platform that offers an online exchange for buying and selling cryptocurrencies with fiat currency. It also provides real-time data, financial news, reports, a stock screener, and an economic calendar.
- Apr 2026Series A$8M
- Oct 2024Seed$4.2M
- 2024Seed—
#2
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2018 · 32 employees$14.3Mraised▾
Developer of an online marketplace for payday loans. It enables employees to access earned wages by partnering with financial institutions. It lets users add the required details and register on the platform. Users can request loans based on their accumulated wages. Once approved, the funds are transferred to the registered bank account.
- Nov 2025Series A$20M
- Feb 2023Seed—
- Dec 2022Seed$9M
- Jan 2022Seed$5.3M
#3
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017 · 47 employees$4.8Mraised▾
Wallet-enabled money transfer solutions for businesses and individuals. Enabled users to send, receive and transfer funds through app-based platforms. Provides card solutions to access funds for making payments overseas and payroll management solutions.
- Jun 2025Series A$3M
- Sep 2022Series A$4.8M
#4
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017 · 10 employees$2.4Mraised▾
Wealth management savings platform for retirement and educational needs
- Aug 2025Seed$2.4M
#5
Series A · Petaling Jaya, Selangor · founded 2019 · 28 employees$6.8Mraised▾
App-based asset management platform for consumers. It offers a platform that enables users to invest in multiple funds, manage investments, income, and expenses, deposit in savings plans, and more. The application is available on Android and iOS platforms.
- Mar 2025Series A$6.8M
- Sep 2022Seed—
#6
Series B · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2012 · 222 employees$36.5Mraised▾
Provider of payment processing solutions for businesses. It provides payment gateways, white-label wallets, and POS terminals for accepting online or offline payments. It also facilitates fraud prevention, QR code payments, and e-wallet systems.
- Mar 2024Series B—
- Apr 2023Series B$31.5M
- Feb 2022Series B—
- Apr 2018Series B—
#7
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2020 · 15 employees$1.7Mraised▾
Provider of an online platform for on-demand pay. It provides users with a platform that offers a solution for employees to request earned wages before payday. It partners with employers to integrate with the payroll system for verifying and disbursing loans. The application is available on the Android and iOS platforms.
- Feb 2025Seed$400K
- Nov 2024Seed—
- Apr 2022Seed$1.7M
#8
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 1997 · 352 employees$168.3Mraised▾
App-based mobile wallet. Its services include online shopping, travel booking, bill payments, money transfer, toll payments, and QR transit. Users can reload the wallet via online banking, credit or debit cards, or purchase Touch 'n Go Reload PIN (soft pins) at the Customer Experience Centre. It allows users to keep a track of their expenses. The application is available on Android and iOS platforms.
- Jul 2022Series A$168.3M
- Jul 2021Unattributed—
#9
Series B · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017 · 113 employees$28Mraised▾
Operator of a privacy-based ecosystem intended for utility on the privacy-preserving decentralized applications. The company's platform offers decentralized privacy-preserving applications that protect user data and identity online in cryptocurrency space, enabling users to restore privacy on the internet.
#10
Seed · Petaling Jaya, Selangor · founded 2018 · 43 employees$2.4Mraised▾
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- Jun 2024Seed$465.9K
- Sep 2020Seed$676.7K
- Jun 2020Seed$804.6K
- Sep 2019Seed$63.5K
#11
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur$1.5Mraised▾
Provider of insurance policy management solutions. It allows its users to manage their policies and purchase new policies, pay their insurance premiums, and make claims. Its application is available on Android and IOS platforms.
#12
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017 · 208 employees$100Mraised▾
Provider of digital wallet services for payments, transfers, and budgeting. It offers tools for managing finances, including expense tracking and categorization. The platform facilitates local and international money transfers. It also provides options for bill payments and prepaid top-ups.
- Aug 2021Series A$100M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of FinTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in Malaysia
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 296 Malaysia-affiliated papers.
- Universiti Teknologi MARA46
- Multimedia University29
- Northern University of Malaysia24
- University of Malaya22
- International Islamic University Malaysia18
- Financial services7
- Big data5
- Moderation3
- Structural equation modeling3
- Key (lock)3
- Financial services1→54
- Marketing1→6
- Service (business)1→4
- China1→4
- Financial services2→25
Where fintech is researched across Malaysia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.