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Revenue Monster Group receives US$6.5 million funding

Digital News Asia LogoDigital News Asia2w ago

Revenue Monster Group receives US$6.5 million funding - Digital News Asia

Quick Summary:

To reveal more strategic plans locally and abroad Partners with Fullrich Malaysia, Allied Protocol Revenue Monster Group, a Malaysian financial technology (fintech) company, announced a successful private equity funding round and the signing of a memorandum of understanding (MoU) that solidifies its mission to create what it claimed to be Malaysia’s most holistic fintech solutions ecosystem.Having secured US$6.5 million (RM30 million) in funding from private equity firm The SEA Capital (SEA), the firm said it has partnered with local financial technology solutions provider Fullrich Malaysia (and their local licensed e-wallet brand, TaPay) and software developer, Allied Protocol to build a more advanced B2B & B2G2C fintech ecosystem, which comprises end-to-end payment solutions from Point-of-Sale (PoS) to an e-wallet license. 

Lim Kar Aik, chief executive officer of Revenue Monster Group, said with the recent restructuring and the second round of funding from The SEA Capital, the group has integrated greater strengths in the fintech industry to provide customised digitalisation solutions according to the scale and needs of businesses. 

"This includes aggregating merchant services and mobile payments, enabling online-to-offline commerce, background data analysis and marketing optimisation.


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Article Details

Author / Journalist: Gerry Wong

Category: EconomyStartups

Topics: Malaysia Capital Local Funding Us$6 Revenue Group Monster E-wallet Fintech Solutions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 02:55:37

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 621 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 483918

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About Digital News Asia

Digital News Asia Logo

Main Topics: EconomyStartups

Official Website: digitalnewsasia.com

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 16h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #18

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