Fintech

Malaysia Debt Ventures, Kenanga IB set up fintech fund with RM300m target

In the initial investment phase, both MDV and Kenanga will equally contribute RM25mil each as seed capital towards the fund.

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) and Kenanga Investment Bank Bhd have set up a fintech fund with a target fund size of RM300mil.

In a joint statement on Wednesday, they said the fund’s objective is to support the growth of fintech companies and boost the venture capital (VC) industry in Malaysia.

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Malaysia Debt Ventures , Kenanga Investment Bank , fintech fund , Khairul Azwan Harun , Chay Wai Leong , Nizam Mohamed Nadzri

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