Malaysian fintech, MADCash, raises US$1.06mil pre-Series A to empower women entrepreneurs

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Malaysian fintech, MADCash, raises US$1.06mil pre-Series A to empower women entrepreneurs
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Led by Artem Ventures, support from MSW Ventures & ScaleUp Founders Fund Helps underserved founders build credit scoring, sharpen entrepreneur skills MADCash Sdn Bhd, a fintech startup focused on providing zero-interest microfunds to women entrepreneurs, announced the successful completion of its pre-series A funding round, securing RM5 million investment led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.

Led by Artem Ventures, support from MSW Ventures & ScaleUp Founders FundMADCash Sdn Bhd, a fintech startup focused on providing zero-interest microfunds to women entrepreneurs, announced the successful completion of its pre-series A funding round, securing RM5 million investment led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.

Nuraizah Shamsul Baharin, founder and Managing Director of MADCash said, “We are thrilled to have new partners onboard at this critical juncture when we have so much in the pipeline including launching MADCash Academy soon. With the support from Artem, MSW, and ScaleUp we can now make a bigger impact on society!”

MSW Ventures’ Jeffrey Seah said, “Supporting the unbanked and underbanked has been a digital economy problem looking for a sustainable solution, especially in the development economy of micro-financed entrepreneurship.

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