Axiata’s fintech arm Boost Holdings weighs funding round, sources say

A fintech unit of Axiata Group Bhd., Malaysia’s biggest wireless firm by revenue, is weighing raising $50 million to $100 million in a new funding round, according to people with knowledge of the matter.

Boost Holdings Sdn. is working with a financial adviser on the potential fundraising, which may give the startup a valuation of several hundred million dollars, the people said, asking not to be identified as the information is private. The funding round would help finance the expansion of Boost’s digital banking operations, the people said.