KUCHING: Eight fintech startups have been shortlisted for the six-month-long TeXnovasi Accelerator Programme under GXBank and Grab Malaysia.
According to a statement, the shortlisted startups are Cashku, Du-it, Enprivacy, FinDoctor.my, Finory.tech, Kapitani, PulseLink and Swipey.
Each startup focuses on different aspects of financial inclusion, such as protecting against and detecting digital fraud and scams, as well as helping MSMEs improve financial access and operations through a sustainable social protection and assistance structure that encourages their growth.
Welcoming the startups to the GXBank family, GXBank Chief Technology Officer Fadrizul Hasani said these startups were selected based on their innovative potential to address three key areas in Malaysia’s financial landscape: accessibility, security and experience.
“Our nation’s startup ecosystem is brimming with potential, especially in the fintech space.
“However, many face obstacles when trying to scale, such as regulatory challenges, balancing the complexity of data, technology and compliance, and a lack of funding.
“I am cognisant of the support we received in our early years, and even today, as a pioneering digital-only bank.
“Having the right guidance has shaped both my path and the organisation’s,” he said.
While GXBank aims to enhance Malaysia’s financial inclusion and resilience through technology-driven solutions, Hasani emphasised – together with Grab Malaysia – the importance of nurturing like-minded innovators to solve Malaysians’ financial challenges.
“This is part of Grab Malaysia and GXBank’s commitment to fostering our entrepreneurial ecosystem and driving meaningful impact to help Malaysia become a thriving tech hub.
“Therefore, the eight startups will benefit from personalised mentorship and one-on-one guidance from subject matter experts at Grab Malaysia and GXBank,” he added.
For the record, TeXnovasi, supported by Cradle Fund and 1337 Ventures, aims to empower local fintech startups with mentorship and resources to build a tech-driven, financially empowered nation, and position Malaysia as a key player in revolutionising the digital finance landscape.
1337 Ventures Chief Executive Officer Bikesh Lakhmichand highlighted the firm’s role as both a venture capital investor and the lead accelerator partner for the TeXnovasi Accelerator Programme.
“Through mentoring sessions, we aim to equip startups with the critical skills and insights needed to scale their businesses within Malaysia’s financial sector.
“Exclusive workshops will cover key areas such as market entry, innovation, and scaling, providing startups with essential tools for growth.
“They will also gain access to a vast network of public and private investors, corporate partners and experienced professionals, fostering opportunities for accelerated success,” he said, expressing hope that such programmes will help develop more dynamic and robust homegrown startups.
