MoneyMatch Cinches Award at Singapore Fintech Festival | Digital Asia

MoneyMatch was recognised as one of three winners for the ASEAN SME category of the SG FinTech Awards in conjunction with the Singapore FinTech Festival 2018 from 12 – 16 November 2018.

The FinTech Awards ceremony was witnessed by to 40,000 attendees who attended the week-long annual international gathering hosted by Monetary Authority of Singapore in collaboration with the Association of Banks in Singapore (ABS).

Other winners in the ASEAN SME category fintech startups from Indonesia and Thailand. MoneyMatch was the only fintech representing Malaysia from a total of 40 shortlisted finalists, due to their win at the leg of the ASEAN PitchFest competition organised by PwC in collaboration with MAS prior to SFF 2018.

Adrian Yap, Co-founder and CEO of MoneyMatch shared,

“The ASEAN SME award recognition solidifies what MoneyMatch has always believed; that Malaysian technology companies are dynamic and capable of competing on a global platform such as the Singapore FinTech Festival. He added “We would also like to record our appreciation to Bank Negara Malaysia for allowing us to begin this journey with their innovative sandbox programme, and the encouraging support offered by Cradle Fund Sdn Bhd which has seeded us with their CIP300 technology commercialisation grant earlier this year.”

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

The company publicly launched its digital remittance platform back in October 2017 and to date has transacted close to MYR 300 million with over 10,000 registered users and close to 500 SME customers taking full advantage of MoneyMatch’s cheaper pricing and faster disbursement speeds compared to existing telegraphic transfer offered by traditional financial institutions.

Also Read:  Retail-targeted image recognition startup Trax close to being next Singapore unicorn

MoneyMatch has also grown from just the original three co-founders to a team of 30 full time staff in just a 18 months, providing career opportunities to young Malaysians looking to enter the nascent FinTech industry.

MoneyMatch Cinches Award at Singapore Fintech Festival | Digital Asia 1

You might also like More from author

Comments are closed.