MoneyMatch is redefining the way people send money abroad

MoneyMatch is a fintech firm that focuses on international payments. Since starting its operations in mid-2017, the startup has scaled to serve over twenty thousand individuals and over three thousand small and medium enterprises in Malaysia whilst also expanding operations to Australia and Brunei, with total transaction volumes exceeding US$550 million covering cross border trade payments and individual remittances.

For co-founder, Naysan Munusamy, MoneyMatch came about as a result of deep belief in technology and the power of digitalisation. The company achieved rapid success by optimizing its treasure operations with machine learning algorithms and integration with blockchain solutions for swifter disbursements.

To date, the startup boasts of 70 full time employees spanning three jurisdictions and have clinched multiple fintech awards over the years. With a network ability of over 80 countries and counting, Naysan said the company is immensely proud to be one of the largest non-bank providers of cross-border payments solutions to businesses serving thousands of small businesses in every single state in Malaysia and even in Brunei and Australia.

Our startup conversation with Naysan takes us down the path from when the three co-founders shared a common vision of leveraging tech to disrupt the traditional finance industry, to the wins they have achieved through the years.

During the conversation, Naysan also spoke about

What differentiates MoneyMatch from other payment fintechs out there
MoneyMatch’s role in the KAF Investment Bank consortium and how this adds value adds to the organization
The fintech startups’ Series B funding round, including its plans for this new round of funds
Future expansion into the region
Support from the Malaysian startup ecosystem and the mechanisms that have worked in the their favour
His views on fintech regulations in Malaysia
Valuable lessons that he learnt along his entrepreneurship journey