Ching Wei Lee
Lee Ching Wei, cofounder of 18-month-old financial services comparison startup iMoney which last week announced it had raised US$2 million in its Series A round, speaks to DNA founder Karamjit Singh.
This week probably ranks as among the best weeks of the year for DNA in terms of interesting stories – stories that show Malaysian tech startups making important breakthroughs, writes Karamjit Singh.
Financial comparison startup iMoney Group announced it has raised US$2 million in a Series A funding round led by Jungle Ventures, with other investors being Econa AG, Rebright Partners, IMJ Fenox, Fenox Venture Capital, 500 Startups, Vogel Ventures and angel investor Lim Der Shing.
Karamjit Singh sees a dark cloud over the way tech boys are selling the cloud, and offers his congratulations to iMoney.
iMoney has received RM500,000 (US$155,070) worth of funding from the Cradle Investment Programme (CIP), a Malaysian Government initiative operated by Cradle Fund Sdn Bhd to support local technology entrepreneurs.
iMoney has raised a US$500,000 investment from Asia Venture Group Sdn Bhd (AVG), giving a boost to its regional plans.