Top 10 Startups on Financial Technology (FinTech) in Malaysia for 2025

The financial technology (FinTech) sector in Malaysia is thriving as startups leverage technology to innovate and streamline financial services. 

With supportive government initiatives like the Malaysia Digital Economy Blueprint and a tech-savvy population, the FinTech ecosystem is set to grow rapidly. 

In this article, we explore the leading FinTech startups in Malaysia for 2025, showcasing their contributions to the financial landscape, innovative products, and growth trajectories.

Key Insights into Top FinTech Startups in Malaysia

Top FinTech Startups in Malaysia for 2025

Let’s dive into the top startups in financial technology (FinTech) list:

1. MoneyMatch

MoneyMatch is a trailblazer in cross-border payment solutions, simplifying international money transfers for individuals and SMEs. 

Since its inception in 2015, the Kuala Lumpur-based startup has earned recognition for providing affordable, secure, and user-friendly services. 

With a robust platform backed by cutting-edge technology, MoneyMatch is transforming how Malaysians handle global transactions.

Achievements

• Processed transactions worth millions of ringgit across various countries.
• Recognized by Bank Negara Malaysia as a top FinTech innovator.

2. Jirnexu

Jirnexu revolutionizes financial decision-making by empowering users with easy comparison tools for loans, insurance, and credit cards. 

Founded in 2012, it operates platforms like RinggitPlus, which simplify financial product applications. 

With its innovative approach, Jirnexu bridges the gap between customers and financial institutions, making financial planning accessible to all.

Achievements

• Collaborated with top financial institutions in Malaysia.
• Recognized for enhancing financial literacy among Malaysians.

3. BigPay

BigPay is a leading digital wallet platform reshaping Malaysia’s financial landscape. 

Founded in 2017 and backed by AirAsia, the startup offers features like prepaid cards, instant money transfers, and expense tracking. 

BigPay’s intuitive mobile app and competitive fees have made it a popular choice among users seeking convenience and transparency in digital financial services.

Achievements

• Expanded its services to multiple countries across Southeast Asia.
• Recorded rapid growth in user base with over 1 million users by 2025.

4. Axiata Digital

Axiata Digital, a subsidiary of Axiata Group, focuses on micro-financing and digital payment solutions to drive financial inclusion in Malaysia. 

Its flagship platform, Boost, provides seamless payment options for businesses and consumers. 

Founded in 2012, Axiata Digital is transforming the payment landscape by making cashless transactions accessible to all.

Achievements

• Partnered with various government and private entities to expand cashless initiatives.
• Gained recognition for its role in advancing Malaysia’s digital economy.

5. CapBay

CapBay is an award-winning FinTech startup specializing in supply chain financing. 

Established in 2016 and headquartered in Petaling Jaya, it connects SMEs with investors, ensuring liquidity and operational continuity. 

The platform leverages AI to assess credit risks, offering a seamless and secure solution for business financing.

Achievements

• Funded over RM1 billion worth of invoices for SMEs.
• Recognized by FinTech awards for innovation in supply chain financing.

6. Finology

Finology is a cutting-edge FinTech startup enabling seamless integration of financial services into digital platforms. 

Established in 2017, the Kuala Lumpur-based company specializes in APIs that facilitate instant approvals for loans and insurance products. 

Finology is transforming how Malaysians access financial services, providing both convenience and efficiency.

Achievements

• Partnered with major banks and insurance companies in Malaysia.
• Recognized for its innovative technology in the ASEAN FinTech space.

7. MyMy

MyMy aim is to redefine digital banking in Malaysia, with a focus on Islamic finance. 

Founded in 2018, the Kuala Lumpur-based startup is working toward becoming the country’s first Shariah-compliant digital bank. 

MyMy offers innovative financial services tailored to the needs of Malaysia’s diverse population, ensuring accessibility and inclusivity.

Achievements

• Secured funding from prominent investors in the FinTech sector.
• Recognized for its contributions to Islamic finance innovation.

8. Katsana

Katsana integrates telematics and data analytics to offer innovative insurance solutions in Malaysia. 

Since its founding in 2013, the startup has focused on promoting safer driving habits through usage-based insurance products. 

Based in Kuala Lumpur, Katsana is a pioneer in leveraging technology to benefit both drivers and insurers.

Achievements

• Reduced accident rates among users by incentivizing safe driving.
• Collaborated with major insurance companies to modernize policies.

9. iMoney

iMoney is Malaysia’s go-to platform for financial literacy and product comparison.

 Founded in 2012, the Kuala Lumpur-based startup empowers users with tools and resources to compare loans, insurance, and credit cards. 

By simplifying complex financial decisions, iMoney has become a trusted partner for consumers across the country.

Achievements

• Helped millions of Malaysians make informed financial decisions.
• Gained recognition as a top financial resource in the region.

10. PolicyStreet

PolicyStreet is revolutionizing insurance in Malaysia by simplifying the process of purchasing policies. 

Founded in 2016 and headquartered in Kuala Lumpur, the startup offers tailored insurance solutions for individuals and businesses. 

With its innovative platform, PolicyStreet ensures that insurance is accessible, affordable, and understandable for all.

Achievements

• Partnered with leading insurance providers to enhance accessibility.
• Recognized for its contributions to financial inclusion in Malaysia.

Why Malaysia is a Hotspot for FinTech Startups

Here are the few main reasons:

1. Supportive Government Policies

The Malaysian government actively supports FinTech startups through regulations and incentives. Bank Negara Malaysia (BNM) and the Securities Commission Malaysia have established sandboxes for startups to test their solutions in a controlled environment.

2. Growing Digital Adoption

With increasing smartphone penetration and a shift toward cashless transactions, the Malaysian population is embracing digital financial solutions. This provides an ideal environment for FinTech companies to thrive.

3. Strategic Location

Malaysia’s location in Southeast Asia offers startups access to a large, diverse market. Its proximity to other ASEAN nations facilitates regional expansion.

Takeaway

Malaysia’s FinTech ecosystem is booming, driven by innovation, government support, and a growing digital economy. 

The startups listed here are shaping the future of financial services in Malaysia by making them more accessible, efficient, and secure. 

As we approach 2025, these companies are poised to scale greater heights, contributing to the nation’s economic growth.