Malaysia: May 2021

Malaysia’s startup news in May

The May 2021 Malaysian tech news round-up, below, covers subjects including Finology fintech’s win at Seedstars, Shariah-compliant digital banking, the country’s digitalisation strategy, and more. We’ve also included some of April’s headlines, to deliver a wider set of reference points on Malaysia’s tech and startup ecosystems.

The tech headlines gathered below outline May 2021’s news, providing Startup News Asia’s readers with:

• a quick overview of recent tech news from Malaysia;
• instant insights into Malaysia’s tech and startup ecosystems; and
• 1-click access to the articles behind each Malaysian headline.

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• Malaysia: Kravve raises $306K with marketplace platform allowing home cooks and small food businesses to sell hand-made food and groceries online
• Malaysia: MyMy fintech gains conditional Bank Negara e-money licencing, aiming to be world’s first Shariah-compliant digital bank and with sights on e-wallet services late 2021
• Download: MyDigital, the Malaysia Digital Economy Blueprint (pdf)
• Malaysia: Alpha Startups Digital Accelerator 2021 Demo Day runs online via Zoom tomorrow, May 22nd, featuring 11 tech startup finalists
• Malaysia: Finology takes global win at Seedstars World 2020/2021 Competition, landing $500K with fintech services across loans, banking, insurance and more

Malaysia’s tech snapshot: April 2021

• 40% stake in Malaysia’s Tranglo cross-border payments firm acquired by Ripple blockchain payments giant
• An intro to Think City, looking to re-energize Kuala Lumpur city centre using data collection and analysis
• Ministry of Education and MDEC expand Digital Maker Hubs initiative from 24 schools to nation-wide program via public-private partnerships
• An interview intro to the country’s digitalisation strategy, looking at use of cloud platforms, artificial intelligence and blockchain
• Ministry of Science, Tech and Innovation to consolidate Technology Park Malaysia and Malaysian Global Innovation and Creativity Centre into a single commercialisation agency
• Malaysia’s Thada and Singapore’s Oyika partner to supply Kingdom with battery-swappable electric scooters, focusing on rural communities