Kuala Lumpur's startup ecosystem is marked by significant investments in financial technology and core infrastructure.
For example, the International Islamic Liquidity Management Corporation has attracted $4.6B in debt financing. The landscape also includes consumer focused companies like TNG Digital, a prominent e-wallet provider.
Below is our list of 9 Kuala Lumpur startups worth keeping an eye on.
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Get the Sheet for $50Digital Nasional Berhad is building Malaysia's national 5G infrastructure and network. They operate as a single wholesale provider, offering 5G services to the country's mobile network operators.
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | MYR1.3B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Deutsche Bank, Celcom Axiata Berhad, Digi, Yes, Telekom Malaysia |
TNG Digital operates the Touch 'n Go eWallet, a popular digital payment platform in Malaysia. Their platform provides users with a digital wallet for everything from online payments to urban mobility services.
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | $243.4M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Lazada Group, AIA Groupacq, Bow Wave Capital Management, Touch n Go |
Respond.io builds a conversational commerce platform that enables enterprise businesses to manage marketing and sales conversations at scale. Their software unifies customer communication from popular messaging apps into a single, centralized inbox for business teams.
| Year Founded | 2017 |
| Founders | Gerardo Salandra, Hassan Ahmed, Iaroslav Kudritskiy |
| Funding Amount | $8.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Headline, AltaIR Capital, Beyond Ventures, Smart Partnership Capital., Bas Godska |
The International Islamic Liquidity Management Corporation issues short-term, Shari’ah-compliant financial instruments to facilitate cross-border liquidity management. Established by central banks and monetary authorities, the organization works to strengthen the stability of the Islamic financial system.
| Year Founded | 2010 |
| Founders | — |
| Funding Amount | $4.6B |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
Aerodyne Group combines drone technology with AI-powered analytics to deliver solutions for complex industrial challenges. Their services help companies in sectors like energy and infrastructure manage and inspect critical assets more efficiently.
| Year Founded | 2014 |
| Founders | Kamarul A Muhamed |
| Funding Amount | $60M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Convertible Note |
| Top Investors | 500 Global, Gobi Partners, PETRONAS Ventures, Drone Fund, VentureTECH |
Dr Clear Aligners offers a modern approach to orthodontics with its custom-made, invisible teeth aligners. Their service is designed as a discreet and convenient alternative to traditional braces, making professional teeth straightening more accessible.
| Year Founded | 2020 |
| Founders | Jayden Cheng, Kevin Lim, Ryan Teo |
| Funding Amount | $8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Insignia Ventures Partners |
Involve Asia built a partnership marketing platform that connects brands with publishers across Southeast Asia. Their technology helps advertisers drive sales on a performance basis while enabling content creators to monetize their audience.
| Year Founded | 2014 |
| Founders | Jimmy How |
| Funding Amount | $10M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | 500 Global, CAC CAPITAL, GDP Venture, Bintang Capital Partners, Orbit Malaysia |
Versa Asia developed a digital cash management platform to help users save and invest their money. Their mobile app simplifies access to financial products, allowing people to grow their cash reserves.
| Year Founded | 2019 |
| Founders | Nelson Wong, Richmond Yau, Teoh Wei-Xiang |
| Funding Amount | MYR30M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | OSK Ventures International, Teoh Wei-Xiang, AHAM Asset Management, Affin Hwang Asset Management, Hibiscus Fund |
Pandai develops a digital platform that provides students with gamified quizzes, practice questions, and other learning materials. Their e-learning applications are designed to help students master school subjects through engaging and interactive content.
| Year Founded | 2020 |
| Founders | Akmal Akhpah, Khairul Anwar Mohamad Zaki, Suhaimi Ramly |
| Funding Amount | $2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Seed |
| Top Investors | 500 Global, Y Combinator, Global Founders Capital, RHL Ventures, Soma Capital |