10 startups shortlisted for Alpha Startups MyFintech Week 2022 by Bank Negara and 1337 Ventures
By Digital News Asia January 12, 2022
- Top two will receive US$33k from 1337 Ventures
- 50% filling fintech gaps, balance looking at financial issues
Startups innovating through financial services and digitalisation of financial solutions make up the 10 finalists shortlisted for the Alpha Startups™ MyFintech Week 2022.
Alpha Startups, co-organised by 1337 Ventures and Bank Negara Malaysia (BNM) and supported by Malaysia Digital Economy Corporation (MDEC) is an accelerator programme hosted in support of MyFintech Week 2022.
The programme seeks to develop and showcase an exciting array of fintech solutions to help propel Malaysia’s sustainability agenda in a post-pandemic era, particularly in the areas of Financial Health, Inclusion and SME Digitalisation.
“Half of the top 10 are filling the gap of financial technologies within the realm of SME digitalisation - an issue we shared on our Fintech report. The other half are focused on Financial Health challenges,” shared Bikesh Lakhmichand (pic), 1337 Ventures CEO & Founding Partner.
“I’m confident that the audience present at the demo day will find these startups fascinating. We ourselves can’t wait to raise funds for some of the teams by the end of the programme,” he added.
The top 10 will now participate in the MyFintech Week Demo Day to showcase their business plan to an audience of potential investors, corporates, government agencies and industry leaders.
The top 2 teams will have 1337 Ventures invest RM150,000 and help them raise their current funding round with an additional RM50,000 cash prize from Bank Negara and MDEC.
These are the shortlisted startups that will be presenting at the demo day:
Adam Money Service
Adam MS strive to tackle the issue of high FX fees and time-consuming processes for cross border trade settlements for MSME making it painless and quick by being the market-maker for all
du-it provides instalment solution to businesses using the 'Buy Now, Pay Later" business model to address the supply chain financing gap by leveraging on our collective experience of more than 20 years serving the financial services industry with regards to technology development.
Alfie builds alternative credit scoring models using smartphone-derived data to predict the likelihood of default of borrowers that are excluded from the formal banking system and offers digital microfinance services to them using Islamic Finance.
BlueDuck is reducing the burden of tenants ranging from residential to industrial by enabling zero deposit rental and enabling end-to-end rental management system with widest distribution network in Malaysia.
Finory help Malaysian to manage all their credit cards and cash flow in one place by just forwarding their card and bank statements to the app.
Koha Digital provides easy and accessible digital legacy planning for individuals and helps them to protect and preserve their family financial future.
Marion is a fully digital brokerage solution that provides investors with hyper-personalised trading experience on Bursa Malaysia and empowers them with intelligent tool to make informed investment decisions.
Products2u, also known as P2U is a user-friendly mobile app that allows users to sell products including prepaid, postpaid, utility bills, while earning a commission (as high as 7%!). At P2U, running a virtual business and earning additional income has never been easier.
Swipey is developing and delivering to Modern SMEs innovative & digital financial products and services that lower SMEs operating cost & streamline operations; built by SMEs for SMEs.
Bricknshare is a propfintech that unlocks home equity by investing with homeowners. We provides upfront cash in exchange for a share of your future home's value. Don't think loan. There's no extra debt, no interest and no monthly payments.
[Ed: The brief profiles of all ten finalists has been updated.]
The live-streamed public pitch will take place on Thursday, 27th January 2022 at 11 a.m. For investors and startups who wish to attend the exclusive Alpha Startups™ MyFintech Week 2022 demo day on 27th January, please sign up at https://bit.ly/mfw_demoday.
For more info about MyFintech Week 2022 happening on 24 to 28 January 2022, or to get tickets, please visit www.myfintechweek.my.