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How This M’sian Fintech Startup Went From Transacting RM100K A Month To RM1 Mil A Day

How This M’sian Fintech Startup Went From Transacting RM100K A Month To RM1 Mil A Day

Published 20 February, 2019

MoneyMatch is a cross-border currency transfer and exchange platform that operates on both iOS and Android devices.

The platform has seen tremendous growth since officially launching in 2017, with over a total of RM350 million transacted in December 2018.

MoneyMatch is no stranger to the fintech industry; in 2015 when Naysan Munusamy and Adrian Yap joined hands to delve into fintech. Then came Fazil Fuad, former Assistant Vice President of Rocket Internet Singapore, and they formed the core team of MoneyMatch.

MoneyMatch is approved by Bank Negara Malaysia under the FinTech Regulatory Sandbox in June 2017 and was the first locally to launch a fully electronic know-your-customer (eKYC) customer onboarding process through their mobile app.

In the beginning, MoneyMatch operated as a peer-to-peer currency exchange platform, whereby the platform allows users to transfer and exchange foreign currencies online with other individuals without needing any middle man.

Source from Vulcan Post


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