SINGAPORE: Malaysian fintech startup MoneyMatch was recognised as one of three winners for the Asean SME category at the recent Singapore Fintech Festival 2018.
MoneyMatch, which began operations in October 2017, was the only fintech startup representing Malaysia from a total of 40 shortlisted finalists.
Other winners in the Asean SME category include fintech startups from Indonesia and Thailand.
MoneyMatch co-founder and chief executive officer Adrian Yap said the award recognition solidifies its belief that Malaysian tech companies can compete and excel on a global stage such as the annual Singapore FinTech Festival.
“We would also like to record our appreciation to Bank Negara for allowing us to begin this journey with its innovative sandbox programme, and the encouraging support offered by Cradle Fund Sdn Bhd which has seeded us with their technology commercialisation grant earlier this year,” Yap said in a statement.
MoneyMatch is approved by Bank Negara under its fintech sandbox in June 2017 and was the first to launch a fully electronic know-your-customer (eKYC) user onboarding process through their mobile app.
To date it has transacted close to RM300mil with over 10,000 registered users and close to 500 SME customers taking advantage of its cheaper pricing and faster disbursement speeds compared to bank’s traditional telegraphic transfer.