Best Payments Companies in Kuala Lumpur, Malaysia
The 66 best Payments companies in Kuala Lumpur, Malaysia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: TNG Digital.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in Kuala Lumpur
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | TNG Digital App-based mobile wallet | $168M | 47 mo ago | Series A | — | 1997 | RubyRuby on RailsEnvoy+10 | 1 partnership |
| 2 | BigPay Provider of digital wallet services for payments, transfers, and budgeting | $100M | 58 mo ago | Series A | Tony Fernandes CEO | 2017 | StoryblokApple iCloud MailGoogle Workspace+16 | — |
| 3 | Soft Space Provider of payment processing solutions for businesses | $36M | 27 mo ago | Series B | Joel Tay Co-Founder & CEO | 2012 | WordPressApple iCloud MailMicrosoft 365+21 | 1 award |
| 4 | Revenue Monster SaaS-based payment solutions for businesses | $6M | 45 mo ago | Late Stage | Ken Lim Co-Founder & CEO | 2017 | Node.jsHeadless UITailwind CSS+13 | 2 awards |
| 5 | iMoney Financial products comparison platform | $6M | 141 mo ago | Acquired | — | 2012 | WordPressMySQLPHP+34 | — |
| 6 | Instapay Technologies Wallet-enabled money transfer solutions for businesses and individuals | $5M | 12 mo ago | Series A | Sujata Dutta Co-Founder & Chief Operating Officer | 2017 | WordPressMySQLPHP+25 | 1 expansion |
| 7 | MyMy Prepaid card and mobile app | $3M | 69 mo ago | Series A | Joe McGuire Co-Founder & CEO | 2000 | — | — |
| 8 | IIMMPACT API-based payments and financial data aggregation solutions | $2M | 52 mo ago | Seed | Alex Tan CEO | 2017 | Node.jsReactNext.js+8 | — |
Top 12 Payments companies in Kuala Lumpur
#1
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
#2
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—
#3
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—
#4
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
#5
Late Stage · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017$6.5Mraised▾
SaaS-based payment solutions for businesses. It features integration solutions for mobile-based payments, social media, and loyalty programs. It offers multiple products such as MyKad Recognition for AI-based KYC solutions, Face Recognition for customer identification & authentication, and Dynamic QR Code for offline tech solutions.
- Sep 2022PE$6.5M
#6
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2017 · 21 employees$2Mraised▾
API-based payments and financial data aggregation solutions. It offers a solution that enables users to aggregate multiple financial data including bank accounts, credit cards, loans data, integration with government services data for automated eKYC and credit scoring models, payments, and more.
- Feb 2022Seed$2M
- Apr 2020Seed$46.4K
- May 2019Seed$52.6K
#7
Series A · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2000 · 38 employees$3.3Mraised▾
MyMy offers a prepaid debit card. It allows paying in the local currency. It also offers a mobile app to control insights. The app can also be used to disable transactions, resetting of PIN and reporting about the stolen card.
- Sep 2020Series A$2.4M
- May 2019Seed$915.2K
#8
Acquired · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2012 · 23 employees$6.5Mraised▾
iMoney is a financial product comparison platform. Users can search and compare credit cards, debit cards, personal loans, small business loans, and Islamic financing products. Users can also compare Islamic fixed deposits, savings accounts, investment products, and broadband plans.
- Sep 2014Series B$4M
- Oct 2013Series A$2M
- Jun 2013Seed$500K
#9
Funding Raised · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2021$20Kraised▾
Provider of online payment solutions for businesses. The platform provides payment gateways, payment links, authentication methods, e-wallets, API integrations, recurring, subscription, and more.
#10
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2018 · 11 employees—raised▾
Mobile-based platform providing financial management solutions. The platform offers contactless and cashless payment-related solutions. The payment offers solutions for parents, students, and schools. The platform offers nutrition-related insights, financial literacy, cashless payment solutions, and more. Its mobile app is available for Android and iOS devices.
- Jan 2025Seed—
- Oct 2023Seed—
- Jun 2022Seed—
#11
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2021 · 26 employees—raised▾
Provider of expense management solutions with corporate cards and bill payments. The company offers tools for managing expenses, prepaid cards, and invoice processing. It provides a dashboard for tracking transactions and analytics. The company aims to streamline financial operations for businesses.
- Dec 2024Seed—
#12
Seed · Kuala Lumpur, Federal Territory of Kuala Lumpur · founded 2016 · 32 employees—raised▾
Sonicboom is the open payment terminal provider to the businesses and retails. It provides a software solution which accepts credit cards, debit cards, e-Money cards, and QR payment.
- Apr 2023Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in Malaysia
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 506 Malaysia-affiliated papers.
- Universiti Teknologi MARA83
- Multimedia University44
- Northern University of Malaysia32
- Management and Science University29
- UCSI University28
- Mobile payment4→10
- Mobile payment15→66
- Marketing2→16
- Technology acceptance model3→15
- Financial inclusion1→12
- Payment service provider1→11
- Mobile payment4→28
- Database transaction2→10
- Context (archaeology)1→7
- Structural equation modeling1→7
- Technology acceptance model2→6
Where digital payments 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.