The Malaysia Digital Economy Corporation (MDEC) today announced a strategic partnership with ASEAN Fintech Group (AFG) to enhance initiatives aimed at scaling up Malaysian fintech companies.
The collaboration will focus on three key areas, namely deal flows, fintech ecosystem support and joint amplification.
AFG was found in 2017, it is a venture corporation led by former founders/operators or C-suites of successful technology companies. It aims to create accretive value by digitising money and commerce flow across one of the fastest-growing fintech geo-markets in Asia.
MDEC’s synergistic partnership with AFG will provide an opportunity for the AFG to propel start-ups and add value to Malaysian fintech network through efficient capital provision, tech, infrastructure support, and an extensive network of key decision-makers and industry leaders from various sectors and companies.
“Working closely with fintech ecosystem partners, we are optimistic that the partnership will create more opportunities for these companies in advancing their business with access to regional markets and funding,” said Mahadhir Aziz, CEO of MDEC (photo above).
“We see great potential in MDEC’s programmes which is why we have chosen Malaysia as our preferred hub to expand into the ASEAN region,” said Lau Kin Wai, Executive Director of AFG.
“Malaysia presents a conducive investment environment, backed by an abundance of talents and infrastructure and a thriving start-up ecosystem filled with high-potential ideas, products and services. We have a number of Malaysian Fintech Companies who form parts of our network who have not only seen growth but are in the midst of going regional through the AFG’s support,” added Lau.
Among the Malaysian fintech companies currently under AFG’s roster includes Fatberry.com Malaysia’s leading Insurtech Platform and BetterPay, a Payment Service Platform.
“We are excited to announce this collaboration with AFG as we strive forward with initiatives to enhance and scale-up Malaysian fintech companies,” said Mahadhir Aziz.
