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Malaysia's startup scene shows strong activity in financial technology and mobility sectors. Companies are emerging in areas from digital payments and lending to used car sales and transportation services.
Among the top funded companies is used car platform Carsome, which has raised over $643M. The International Islamic Liquidity Management Corporation also stands out with $4.6B in debt financing.
Below is our list of 100 Malaysia startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Soft Space builds software that transforms smartphones and tablets into secure payment terminals. This technology allows merchants to accept contactless payments directly on their devices, eliminating the need for traditional card readers.
Digital Nasional Berhad deploys and manages Malaysia's national 5G network infrastructure. Operating on a wholesale model, they provide mobile carriers with access to the network to accelerate 5G services for consumers and enterprises nationwide.
TNG Digital operates the Touch 'n Go eWallet, a leading digital payment platform and e-wallet in Malaysia. The service is designed for urban mobility, enabling users to pay for tolls, transit, and daily purchases.
Respond.io builds a conversational commerce platform that unifies customer messaging for large businesses. Their software enables companies to scale their sales, marketing, and support efforts through automated and personalized messaging.
Established by central banks and monetary authorities, the International Islamic Liquidity Management Corporation issues short-term financial instruments that comply with Shari'ah principles. Their issuance of high-quality, short-term sukūk provides a critical tool for Islamic financial institutions to manage cross-border liquidity.
Aerodyne Group provides drone-as-a-service solutions that help resolve complex industrial challenges. They use AI-powered analytics to transform drone data into actionable insights for large-scale asset management and operations.
Insureku created an insurance aggregator platform for consumers to compare, select, and purchase life and general insurance, as well as takaful products. Their service streamlines the insurance shopping experience by bringing multiple providers and policy types into one place.
CapBay operates a peer-to-peer financing platform that specializes in supply chain funding for businesses. The service allows companies to unlock working capital from invoices while offering investors access to an alternative asset class.
Carsome built an e-commerce platform to make the experience of buying and selling used cars more efficient and trustworthy. Their end-to-end service creates a trusted marketplace by handling everything from vehicle inspections to ownership transfers.
Asia Mobiliti develops a technology platform that combines Mobility-as-a-Service and IoT for public transit in emerging markets. This helps transport operators digitize their fleets and provides commuters with a single, connected way to travel.
Our top 10 picks offer a small window into what’s happening across Malaysia. New companies are popping up in nearly every sector, especially in retail, fintech, and enterprise software. These businesses have collectively raised billions in funding, from early seed rounds to major growth stages. Here’s a look at the other startups that are part of Malaysia's growing ecosystem.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Fintech | 2018 | $3.7M | Corporate Round | |
| AI | 2023 | $1M | Pre-Seed | |
| Retail | 2019 | MYR220M | Venture Round | |
| Enterprise | 2006 | $90M | Secondary Market | |
| Retail | 2017 | $13M | Series A | |
| AgTech | 2017 | $4.3M | Convertible Note | |
| Healthcare | 2021 | $7.3M | Seed | |
| Healthcare | 2020 | $8M | Series A | |
| Retail | 2011 | $4.5M | Series A | |
| Marketing | 2014 | $10M | Venture Round | |
| Media | 2019 | MYR30M | Series A | |
| Media | 2020 | $2M | Seed | |
| Mobility | 2018 | MYR446M | Venture Round | |
| Cloud | 2015 | $6.6M | Series A | |
| Healthcare | 1997 | $10M | Series A | |
| Hardware | 2022 | — | — | |
| Mobility | 2017 | $30.9M | Corporate Round | |
| Marketplace | 2014 | $7.5M | Debt Financing | |
| Crypto | 2018 | $1.6M | Corporate Round | |
| Enterprise | 2004 | $28.4M | Venture Round | |
| Logistics | 2016 | MYR4M | Seed | |
| Analytics | 2014 | $2M | — | |
| Retail | 2016 | $1.5M | Seed | |
| AI | 2019 | $62k | Seed | |
| Retail | 2019 | MYR23.3M | Series B | |
| Fintech | 1997 | MYR50M | Corporate Round | |
| Media | 2015 | MYR7M | Series A | |
| Enterprise | 2022 | $1.3M | Seed | |
| Fintech | 2014 | MYR3M | Seed | |
| Real Estate | 2017 | MYR12.9M | Series B | |
| Energy | — | MYR91.5M | Debt Financing | |
| Mobility | 2017 | MYR2.4M | Seed | |
| Healthcare | 2023 | MYR20M | Seed | |
| Fintech | 2012 | MYR5.6M | Equity Crowdfunding | |
| Retail | 2014 | $582k | Series A | |
| Media | 2020 | $2.1M | Angel | |
| Enterprise | 1994 | MYR14.6M | Series A | |
| AI | 2015 | MYR1M | Seed | |
| AgTech | 2025 | $110k | Pre-Seed | |
| Food | 2020 | MYR12.4M | Equity Crowdfunding | |
| Fintech | 2016 | $2.2M | Series A | |
| AgTech | 2016 | $3M | Seed | |
| Mobility | 1983 | MYR1.9B | Debt Financing | |
| Infrastructure | 2013 | $50.9M | Venture Round | |
| AI | 2023 | MYR800k | Pre-Seed | |
| Fintech | 2016 | MYR6.7M | Equity Crowdfunding | |
| Cloud | 2017 | $390k | Seed | |
| Retail | 2019 | $110k | Grant | |
| Media | 2021 | $250k | Seed | |
| Enterprise | 2021 | $423.2k | Seed | |
| Enterprise | 2021 | $112.1k | Grant | |
| SaaS | 2015 | $700k | Seed | |
| Hardware | 2015 | MYR755k | Seed | |
| Food | 2017 | $666.8k | Equity Crowdfunding | |
| Marketing | 2012 | MYR2M | Corporate Round | |
| AgTech | 2020 | MYR200k | Pre-Seed | |
| Retail | 2014 | $971.4k | Equity Crowdfunding | |
| Retail | 2019 | $547k | Grant | |
| Marketing | 2019 | MYR700k | Grant | |
| Healthcare | 2015 | $2M | Venture Round | |
| Fashion | 2017 | MYR7.2M | Pre-Seed | |
| Enterprise | 2016 | $110k | Pre-Seed | |
| Enterprise | 2011 | MYR3.3M | Equity Crowdfunding | |
| AI | 2013 | MYR1M | Corporate Round | |
| Food | 2021 | MYR260k | Pre-Seed | |
| Retail | 2016 | CN¥1.3M | Venture Round | |
| Media | 2009 | £2M | Equity Crowdfunding | |
| Healthcare | 2017 | MYR300k | Undisclosed | |
| Mobility | 2019 | $50k | Pre-Seed | |
| Travel | 2024 | MYR320k | Pre-Seed | |
| Enterprise | 2016 | MYR900k | Debt Financing | |
| InsurTech | 2019 | — | — | |
| Fintech | 2016 | MYR1.5M | Seed | |
| Food | 2016 | $300k | Seed | |
| Communications | 2000 | $150k | Seed | |
| Retail | 2020 | $196k | Pre-Seed | |
| Infrastructure | 2017 | MYR790k | Seed | |
| Retail | 2021 | MYR150k | Seed | |
| Retail | 2020 | $250k | Seed | |
| Retail | 2020 | $253k | Corporate Round | |
| Real Estate | 2022 | MYR540k | Pre-Seed | |
| Enterprise | 2019 | $151.8k | Seed | |
| Hardware | 2018 | MYR350k | Venture Round | |
| InsurTech | 2020 | $46.4k | — | |
| SaaS | 2019 | MYR850k | Pre-Seed | |
| Mobility | 2019 | MYR1.3M | Angel | |
| Fintech | 2011 | $46.4k | Pre-Seed | |
| Mobility | 2019 | $250k | Pre-Seed | |
| Infrastructure | 2020 | $50k | Pre-Seed | |
| Sports | 2015 | $46.4k | Pre-Seed |
