Revenue Monster Group recently completed a successful private equity funding round where it managed to secure RM30 million from private equity firm The SEA Capital. A memorandum of understanding (MoU) signing solidified its mission to create Malaysia's most holistic fintech solutions ecosystem to fast-track Malaysia's digital transformation.
The Malaysia-based fintech has also partnered with The SEA Capital, local financial technology solutions provider Fullrich Malaysia, their local licensed e-wallet brand, TaPay, and software developer Allied Protocol to build a more advanced business-to-business (B2B) and business-to-government-to-consumer (B2G2G) fintech ecosystem which comprises end-to-end payment solutions from point-of-sale (PoS) to an e-wallet license.
Revenue Monster Group’s CEO, Lim Kar Aik, said that the company had integrated greater strengths in the financial technology industry to provide customised digitalisation solutions according to the scale and needs of businesses such as aggregating merchant services and mobile payments, enabling Online-to-Offline (O2O) commerce, background data analysis and marketing optimisation.
"Our group has also been actively working with traditional industries to achieve digital transformation. Recently, we have been building an intelligent community with a renowned real estate developer where we develop smart homes and provide residents with a better living experience.
"Everything just made easier with a mobile application, not to forget the reduction in management costs and significantly improved service efficiency. Our vision is also aligned with the development initiative of the Ministry of Housing and Local Government, leading and cultivating the growth of smart cities."
The MoU is set to act as a solid pillar in Revenue Monster’s ongoing plans to build a true super-app within the fintech space which accommodates and caters to the full spectrum of services and solutions within the industry.
The SEA Capital said that the post-epidemic era highlighted changes in the social and economic situation that have rewritten the business rules.
The organisation believes that strategic projects with sustainable development are more aligned with the maximum benefit of the overall environment, and that Revenue Monster Group embodies these qualities, prioritising both the growth of economic prosperity and human well-being.