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.

Failory's Top 9 Picks

Digital 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 Founded2017
Founders
Funding AmountMYR1.3B
Startup SizeLarge Team (251-1,000)
Last Funding StatusCorporate Round
Top InvestorsDeutsche 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 Founded2017
Founders
Funding Amount$243.4M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsLazada 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 Founded2017
FoundersGerardo Salandra, Hassan Ahmed, Iaroslav Kudritskiy
Funding Amount$8.8M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsHeadline, 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 Founded2010
Founders
Funding Amount$4.6B
Startup SizeLean Team (11-50)
Last Funding StatusDebt 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 Founded2014
FoundersKamarul A Muhamed
Funding Amount$60M
Startup SizeLarge Team (251-1,000)
Last Funding StatusConvertible Note
Top Investors500 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 Founded2020
FoundersJayden Cheng, Kevin Lim, Ryan Teo
Funding Amount$8M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsInsignia 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 Founded2014
FoundersJimmy How
Funding Amount$10M
Startup SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top Investors500 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 Founded2019
FoundersNelson Wong, Richmond Yau, Teoh Wei-Xiang
Funding AmountMYR30M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsOSK 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 Founded2020
FoundersAkmal Akhpah, Khairul Anwar Mohamad Zaki, Suhaimi Ramly
Funding Amount$2M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeed
Top Investors500 Global, Y Combinator, Global Founders Capital, RHL Ventures, Soma Capital