15 Malaysian Startups To Keep An Eye In 2018!

: February 12, 2018

15 Malaysian Startups That You Keep An Eye Out In 2018!


The Malaysian startup scene are more vigorous than it has ever been. With Kuala Lampur being one of the best city in the world, it makes a suitable place for entrepreneurs to start a business. Besides the Government has taken few initiatives that helps startups and entrepreneurs achieving a rapid growth.





The Malaysian startup scene is growing at an intense pace according to 2016 statistics. Investments were up to US$1.45 billion (MYR6.5 billion) in 2016, according to the Malaysia's Security Commission Annual Report 2016. This is almost double the investment in 2006.


In the past couple of years Malaysian startup ecosystem has incubated a great number of amazing startups, that has attracted some of the top investors. Few of their Fintech startups has seen enormous expansion with having global appearances.


These Are The 15 Startups That You Need To Keep An Eye Out In 2018:


1. Jirnexu:


Jirnexu formerly known as Saving Plus, is a FinTech solutions provider that enables banks, insurance companies, and service providers to think mobile-first and innovate the way they generate leads online, turn those leads into customers, handle their fulfilment, and keep them loyal.

Year Founded: 2012

Total Funding: $8M in 4 funding rounds
Last Funding Type: "Venture- Series Unknown" as of Oct 26, 2017
Lead Investors: DMP VC & SBI Group


2. Carsome:


An online platform for automotive which provides fast, fair and free car selling and buying services. Carsome connects car buyers and sellers to new and used car dealers respectively, providing them a platform to trade seamlessly.

Year Founded: 2015

Total Funding: $8.4M in 3 funding rounds
Last Funding Type: "Series B" as of Jun 6, 2017
Lead Investors: Gobi Partners & IdeaRiverRun


3. iMoney Group:


A financial comparison portal that compares credit cards, loans, broadband and insurance by providing consumers with the convenience of online comparison and the benefit of telephone-based advice. iMoney uses technology to offer consumers a free analysis of their product needs followed by a comprehensive review of products from its product provider panel.

Year Founded: 2012

Total Funding: $10.7M in 4 funding rounds
Last Funding Type: "Venture-Series Unknown" as of Oct 3, 2017.
Lead Investors: iSelect & Jungle Ventures


4. StoreHub:


StoreHub is a technology company with an iPad POS system that changes how retailers manage their businesses and connect with their customers.

Year Founded: 2013

Total Funding: $6.1M in 3 funding rounds
Last Funding Type: "Series A" as of Jan 25, 2018
Lead Investor: Vertex Ventures


5. dahmakan:


Dahmakan is a Malaysian food delivery company. It delivers ready-to-eat meals in SE Asia, controlling the entire process from food production to delivery.

Year Founded: 2015

Total Funding: $3.9M in 2 funding rounds
Last Funding Type: "Seed-Series Unknown" as of Jan 4, 2018
Lead Investor: Y Combinator


6. Soft Space:


A payment platform and service provider that makes it possible for anyone to accept card payments anywhere, anytime, securely. Soft Space centralised Mobile Point-­‐of-­‐Sales payment platform aims to revolutionise the payment industry by enabling anyone to accept card based payments.

Year Founded: 2012

Total Funding: $5M in a single "Series A" funding on May 25, 2017
Lead Investors: Sumitomo Mitsui Card Company & transcosmos inc
Acquisition: acquired Fasspay on Oct 28, 2014.


7. Zoom:


An online delivery startup that connects online shoppers, retailers, business and consumers to on demand same day delivery specialists, ensuring fast and seamless delivery. Zoom ensures ease of use with its straight forward mobile application as well as acting as a trusted business partner to retailers around the country.

Year Founded: 2016

Total Funding: $1M in their single "Seed Funding" on Jan 15, 2018
Lead Investor: Gobi Partners


8. BookDoc:


BookDoc is an online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising all to stay active. The company has established an integrated online ecosystem for local and overseas health travellers. The ecosystem allows users to search and book healthcare professionals anytime and anywhere, and integrates seamlessly with navigation (Google Map, Waze), transport (Grab, Uber, AirAsia), accommodation (Agoda) and recommended restaurants & attractions (TripAdvisor) for a hassle-free and enjoyable experience to healthcare appointments.

Year Founded: 2015

Total Funding: $2M in 3 funding rounds
Last Funding Type: "Venture-Series Unknow" as of Feb 20, 2017
Lead Investors: Stanley Ho & Prince Abdul Qawi


9. Poladrone:


Poladrone is a Provider of industry leading aerial solutions to help businesses optimise their business operations and maximise results. The company believes in continuously gather data using autonomous systems to predict future events.

Year Founded: 2016

Funding Info: Unknown
Last Funding Type: "Seed Round" as of Feb 28, 2017
Investors: Brinc & Incubio


10. PolicyStreet:


Polisea Pte. Ltd. is the holding company of PolicyStreet, an insurance technology company, advancing insurance and healthcare through technologies. It aims to be THE one stop for all things insurance, comprising the following: an online content aggregator, a value seeker, a premium contender and an innovation enabler in the insurance space to empower consumers with the right insurance knowledge and awareness to make a better informed decision.

Year Founded: 2016

Total Funding: $535K in 2 funding rounds
Last Funding type: "Seed Round" as of Sep 6, 2017
Lead Investor: KK Fund


11. Stampede Solution:


Stampede Solution is the leading technology provider to the Accounts Receivable and Recovery industry. It's core product - Volare is deployed in more than 90% of leading professional Debt Collection Agencies, and corporations such as Bank Islam Malaysia Berhad, VADS, the largest credit card issuer in Thailand – KTC, AEON Credit, University Putra Malaysia, Perbadanan Usahawan Nasional Berhad (PUNB) and Toyota Capital Malaysia.

Year Founded: 2002

Funding Info: $2.6M on Dec 20, 2017
Funding Type: "Venture Round"
Lead Investor: MY EG Capital


12. SmartPeep:


An Artificial Intelligence (AI) startup. The company is building an outdoor home security system that detects intruders using video analytics. SmartPeep's system is capable of detecting intruders who climb into a house over the wall, or enter a house by pulling open the gate forcefully, by analyzing the video using machines in the cloud.

Year Founded: 2016

SmartPeep Founders: They Yu Shu, Lim Keng Hui, Lim Meng Hui & Ying Wei Toh


13. Bfab:


A real-time booking site for salons, Bfab stands for “Be fabulous”, an online marketplace for all kind of beauty & wellness services where users can login for free to book their hair, massage, spa, nail, waxing and makeup services from the extensive list of beauty salons featured.

Year Founded: 2015

Funding Info: $80.5K in 2 funding rounds (Last funding type "Seed-Series Unknown)
Investors: 500 Startups, Captii Ventures & KK Fund


14. ServisHero:


ServisHero is a mobile-first solution connecting consumers with local service providers in South East Asia. is the fastest and easiest way to hire local service providers for your home and office. ServisHero finds multiple quotes from community-reviewed service providers in just a few hours.

Year Founded: 2015

Total Funding: $2.7M in 2 funding rounds
Last Funding Type: "Non Equity Assistance" on Jun 28, 2016
Lead Investor: Golden Gate Ventures


15. Ebizu:


A data driven advertising & marketing based technology company that helps Brands & Retailers to deliver contextual Ads at the location that matters & attribute the impact to location, transaction & product level. Ebizu offers a cloud platform for personalized campaigns, coalition loyalty, and mobile and social applications.

Year Founded: 2013

Total Funding: $3M, as of Jun 8, 2016
Last Funding Type: "Series A"
Investors: Unknownn