Tech Company Financing Transactions
MADCash Funding Round
Artem Ventures, MSW Ventures and ScaleUp Malaysia participated in a $1.1 million Series A funding round for MADCash. The round was announced on 10/3/2023.
Transaction Overview
Company Name
Announced On
10/3/2023
Transaction Type
Venture Equity
Amount
$1,059,000
Round
Series A
Investors
Proceeds Purpose
The company intends ti use the funds to enhance its online platform using AI technology, cover operational and marketing expenses, and explore expansion opportunities within the Southeast Asia region.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
B3A-11, Megan Ambassy, 225 Jalan Ampang
Kuala Lumpur, 50450
MY
Kuala Lumpur, 50450
MY
Phone
Undisclosed
Website
Email Address
Overview
Our vision is to touch 1 million lives through financial and business education and micro-funding from MADCash by the year 2024. More than 1.7 billion people across the globe are unbanked and do not have access to financial services they require. In Malaysia, there are 13.7 million who are underbanked, which means they have a bank account but do not actively utilize it and services offered by the bank to manage their financial wellbeing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Nuraizah Baharin
Co-Founder
Musyrifah Malek
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