Malaysia Debt Ventures Berhad the lead financier for Nuren Group can stand proud aftet the company becomes the first start-up company under its Venture Debt programme to be listed on the National Stock Exchange of Australia (NSX).
Nuren Group, a premier digital platform committed to empowering women in parenting, education, and maternity wellness, is among the earliest cohorts of technology start-ups to have secured funding under MDV’s pioneering Venture Debt Programme to scale its operations and expand its market presence across the region during the early stages of its business.
In 2018, MDV introduced Malaysia’s first-ever Venture Debt Programme, marking a significant shift from the company’s traditional financing offerings. Designed as a complementary financing option to venture capital, the programme provides high-potential, early-stage start-ups with essential growth capital while minimising equity dilution. Additionally, financing under this programme is also available in a Shariah-compliant model, underscoring MDV’s commitment to supporting the diverse needs of Malaysia’s burgeoning start-up ecosystem.
During the launch of its Initial Public Offering (IPO) on NSX earlier in the month, Nuren Group successfully raised a total of AUD 700,000, with the offering being oversubscribed by AUD 100,000, showcasing strong investor confidence and interest in the company’s future. With this financial boost, Nuren Group plans to invest in cutting-edge technologies and advanced solutions that will drive further enhancements in its digital platforms.
“Nuren Group’s successful listing on the NSX is a strong indicator of the high potential of our homegrown start-ups to achieve success beyond our borders and exemplifies their determination and adaptability in scaling their operations. We are proud to witness how much Nuren Group has grown in their market presence and significance within the digital platform sector. We are pleased to have been part of their growth journey and look forward to continuing our support as they enter their next phase of expansion”, said Rizal Fauzi, Chief Executive Officer of MDV.
