Southeast Asia's Top 75 Fintech Companies Report 2017

SOUTHEAST ASIA’S
TOP 75 FINTECH COMPANIES
REPORT 2017

WELCOME TO SEA’s FINTECHS REPORT
You are reading the annual ‘Southeast Asia’s Fintech Startups’ report which
provides the rising startups from 7 countries in Southeast Asia; Indonesia,
Malaysia, Myanmar, The Philippines, Singapore, Thailand, and Vietnam.
Southeast Asia is an emerging market of tech startups, specially fintechs. Due to
this growing fintech scenario in the region, we decided to introduce you with this
report which gives you a chance to know about the region's top players.
In this report you will find out about the key fintech trends of the region, active
VCs, top fintech categories, country wise fintech activities and lastly about the
Top 75 fintechs in the region showing great impact in their countries and beyond
border.
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WHO ARE WE?
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About Techsauce About RUAMKID
Techsauce is the leading source of all
tech and business news in Thailand
and Southeast Asia. The company has
a mission to drive startup ecosystem
of the region through its expertise in
media as well as events and
community called Techsauce Global
Summit.
RUAMKID is the specialist marketing
research consulting, which comprises
of profession researchers, marketers
and brand communication planners
who possess over 10 years of
experiences toward more than 100
brands in total for both global and local
clients.

TABLE OF CONTENTS
Fintech Trends in Southeast Asia
Our Selection Criteria
Fintech Density by Country
Fintech Density by Category
Countrywise Category Matrix of Companies
Executive Summary
List of Top 75 Fintechs
Glossary
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PageTopic
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11-86
87-90

FINTECH TRENDS IN SOUTHEAST ASIA
1. While core technologies like Blockchain, Artificial Intelligence (AI) and Biometric are
being watched by business sectors, the number of startups that can focus working on this
kind of core techs is still limited. This fact makes those startups more attractive to
investors.
2. Each country has been starting to launch its national regulatory sandbox as one of the
tools to help its regulator monitors the movement of these new use cases.
3. Many of the fintechs have mandates to work with regulators or banks, so scaling and
expanding outside their home countries may not be so fast for these fintechs as startups in
other industries.
4. The entry of Ant Financial into Southeast Asia requires the fintech startups that provide
overlapped services to adapt themselves quickly. Its investment in Ascend Money of CP
group shows an example of unfair advantage from giants.
5

The Top 75 Fintech Startups have been selected based
on three factors. The report mentioned both established
companies which address three factors mentioned
below as well as rising stars which focus more on the
mentioned X-factors.
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Total capital raised
Business
expansion to other
countries
X-factor:
Socially Proven such as
partnership with big
enterprises ex. Financial
Institute, Telco etc.
Market leader
Business model
innovation
Traction
OUR SELECTION CRITERIA

The report shows the rise of
appealing fintech startup
players in these countries
in Southeast Asia. The
emergence of fintech
startups in many countries
in Southeast Asia
continued these couple
years, with Singapore-
based startup companies
taking the highlight in the
existing list.
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14
4
31
8 6
9
7
DENSITY BY COUNTRY

COUNTRYWISE CATEGORY MATRIX
9
Indonesia Malaysia Myanmar Philippines Singapore Thailand Vietnam Total
Accounting Software 1 1 1 3
Bitcoin/Blockchain 1 5 6
Financial Comparison 2 2 2 2 2 1 11
Financial Lending 2 3 1 6
Financial/Business Tool 4 4
Insurance 1 1
Investment Research 1 1
Payment/Mobile Wallet 3 2 3 3 12 5 4 32
Personal Finance 1 2 3
Retail investment 1 4 3 8
Total 9 4 3 6 32 14 7 75

REPORT’s EXECUTIVE SUMMARY
1. The key fintech category still remains Payment/Mobile wallet. Financial comparison
services and retail investment are another popular categories.
2. Fintech is still a comparatively new economy in Southeast Asia. There are many fintech
categories that not yet appear in some countries e.g. Myanmar is still limited to the
mobile wallet only.
3. Singapore has the most vareity of fintech startups and still rules on the
Blockchain/Bitcoin category so far.
4. About 11% of companies in the report have secured more than $20M funding each,
And more than 20% of the companies have secured funding in between $3M-$18M.
5. Golden Gate Ventures, 500 startups and East Ventures have been very active
investors in the Southeast Asian Fintech scene. Recently Alibaba’s financial subsidiary
Ant financial has also invested substantially in Ascend Money (Thailand).
6. More than 50% of these companies have gone beyond border and almost 30% of
them have operations beyond Southeast Asia.
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About The List
• The companies in this report are presented in alphabetical order.
This does not depict any sort of ranking.
• The data comes from both primary and secondary sources.
• We have mentioned descriptions about every company briefly on
what they are doing, what problem they are solving by doing it.
• We have also tried to give emphasis on the country expansions of
the businesses and some companies have done exceedingly well
in crossing the boarders.
• Finally we have mentioned these company’s investment round
and Series by Size.
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HTTP://TECHSAUCE.CO
Description
1Pay is a mobile payment platform that enables
consumers and vendors to manage all their payment
needs from one platform. Merchants go to the 1Pay
website , create an account, and get access to the API key
and SDK to integrate payment via mobile for their games,
content, or mobile apps. People buy things from their
mobile phones with 1Pay, and then merchants check and
collect all their sales in a dashboard provided by 1Pay.
Year founded 2013
Operating countries
Website
https://1pay.vn/
Headquarters location
Hanoi, Vietnam
Vietnam,Indonesia
Key people
Co-Founder
Nguyễn Minh Quang
Category
Payment/Mobile wallets
Undisclosed
#1
12

HTTP://TECHSAUCE.CO
Description
2C2P enables payment acceptance through credit
and debit cards, as well as through bank channels
such as ATMs, internet banking and mobile banking.
It also facilitates cash acceptance via payment counters,
an important feature in SEA, a region characterized by
low card penetration. With 2C2P’s payment services,
retailers and merchants worldwide can now transact
with both banked and unbanked customers in
Southeast Asia.
Year founded 2003
Operating countries
Website
www.2c2p.com
Singapore
Singapore, Thailand, Indonesia,
Cambodia, the Philippines,
Myanmar, Malaysia, Vietnam,
Laos, Hong Kong, the Netherlands
Category
Payment/Mobile Wallets
$18 millions, Series C
#2
Aung Kyaw Moe
Founder & Group CEO
Piyachart Ratanaprasartporn
CEO, 2C2P Thailand
Key people
Investors
GMO Venture, DMP, Amun Capital
13

HTTP://TECHSAUCE.CO
Description
aBorrow.com is an online comparable loan platform which helps
online users find the most suitable loan from many different
financial institutions and save them from all loan finding hassles
from online to brick and mortar. In Thailand, there are up to 83
financial institutions offering loans with interest rate ranging
from 6-36%. aBorrow.com offers an online platform to users
who want to find the perfect loan deal for them.
aBorrow.com is now partnering with up to 10 financial
institutions. And believes that personal loans are very interesting
in the financial environment with a market value of 320 billion
baht. And in the next phases, they will be offering mortgage
loans representing a market value of 3,300, car loans
representing a market value of 4,500, and SME loans
representing a market value of 880 billion baht respectively.
Year founded 2016
Bangkok, Thailand
Category
Financial Comparison
Undisclosed
14
Woraphop Viriyaroj
CEO and Co-founder
Cholathit Khueankaew
CTO and Co-founder

HTTP://TECHSAUCE.CO
Description
Active.ai, uses artificial intelligence to automate
customer interactions for financial services.
Year founded 2016
Operating countries
Website
http://active.ai/
Singapore
Singapore
Key people
Founders
Ravi Shankar
Shankar Narayanan
Parikshit Paspulati Category
Financial/Business Tool
Investors
IDG Ventures and Kalaari Capitals
$3M, Series A
15

HTTP://TECHSAUCE.CO
Description
Ascend Money is a newly established business unit of
Ascend Group, which was established in early 2015 as a
spin-off from True Corporation, one of Thailand's top three
telecommunications operators. Ascend Money provides
financial solution for both banked and unbanked. It has
built a regional network of agents providing cash-in and
cash-out services, especially valuable for unbanked
populations. It has proper e-money licenses to operate
financial services in all of Southeast Asia’s key markets.
This year Ascend Money has reached to over 20 million
digital financial service users. Of the total, 4 million are to
be e-wallet users. The company expects its e-wallet users to
reach 7 million in 2017. Ascend Money is aiming to acquire
100 million customers by 2020 and to establish itself as the
largest financial services provider in Southeast Asia.
Year founded 2015
Operating countries
Website
www.ascendcorp.com/money/
Bangkok, Thailand
Thailand, Philippines,
Vietnam, Indonesia,
Cambodia, Myanmar.
Key people
Category
Investors
True corporation, Ant financial
5
CEO
Pannamas Vichitkulwonasa
Undisclosed
16

HTTP://TECHSAUCE.CO
Description
Ayannah is a leading provider of digital financial services to
the world's emerging middle class, most of whom are
migrants or unbanked coming from the base of the pyramid.
For unbanked residents in emerging markets, they provide
affordable and accessible digital commerce and payment
services to spur financial inclusion and literacy, and give
access to products and services that improve quality of life.
For unbanked migrants, Ayannah provides greater control
over their hard-earned remittances by helping them find
better ways to support their beneficiaries in their home
countries
Year founded 2008
Operating countries
Website
www.ayannah.com
Philippines
Philippines, China, japan.
Key people
Category
Payment/Mobile Wallets.
Investors
500 Startups, BEENEXT, Beenos Partners, Golden Gate
Ventures, GREE Ventures,IMJ Investment Partners Pte. Ltd,
Life.SREDA, Wavemaker Partners
$7.5M, Series B
6
Mikko Perez
CEO
Dicky Alikpala
Head of Business Development
JP Alcala
Head of Engineering
17

HTTP://TECHSAUCE.CO
Description
The largest financial comparison platform in Vietnam
for housing and car loans. Bank Go helps borrowers to
search, compare and connect to banks.
Year founded 2016
Operating countries
Website
http://bankgo.com
Hanoi, Vietnam
Vietnam
Key people
Hung Vu - CEO
Hai Nguyen - CPO
Kien Ha - CTO
Cong Tran - Vice Chairman
Category
Undisclosed, seed
7
18

HTTP://TECHSAUCE.CO
Description
Established 07/2010 and is built in the model
of payment system Paypal. Bao Kim E-Commerce
JSC provides online payment services. Bao Kim
E-Commerce JSC is a subsidiary of Vatgia.com.
Year founded 2010
Operating countries
Website
http://www.baokim.vn
Ho Chi Minh, Vietnam
Vietnam
Key people
CEO
Nguyễn Trung Đức
Category
Investors
Cyber Agent Ventures
8
Undisclosed
19

HTTP://TECHSAUCE.CO
Description
Since their founding in early 2013, the BitX vision
has been very clear: to make money frictionless
and universally accessible. BitX is a cryptocurrency
platform that offers bitcoin products and services
to consumers, businesses, and developers. BitX is
doing this by building an intelligent and open
global financial platform, leveraging the most
optimal technologies available, including the
blockchain.
Year founded 2013
Operating countries
Website
https://bitx.co
Singapore
Singapore, Indonesia,
Malaysia, Nigeria, South Africa
Key people
Category
Bitcoin/Blockchain
Investors
Carol Realini, Digital Currency Group, Barry
Silbert, PayU, Venturra Capital
9
Marcus Swanepoel, CEO
Timothy Stranex, CTO
Pieter Heyns, Co-founder
Carel van Wyk, Co-founder
Vijay Ayyar, Head of Business
Development
Werner van Rooyen,
Business Development & Growth
$8.8M, Series A
20

Description
Bluzelle provides blockchain powered applications for
banks and insurance companies to improve their
business operations. Their platform has real-time
payments, smart contracts, and records management
built in. They tap into all Blockchain protocols (i.e.
Ethereum, Ripple) and integrate the most relevant parts
for our solution. This gives the financial institution the
best type of product without having to deal with the
plumbing behind it. They build fast, agile and adaptive
blockchain solutions for the finance industry. Giving
finance-related firms products to leverage this break-
through technology. This reduces their costs, time and
mitigates risk.
Category
Bitcoin/Blockchain
Undisclosed
HTTP://TECHSAUCE.CO
Year founded 2014
Website
Singapore
Singapore
Key people
Pavel Bains, CEO
Neeraj Murarka, CTO
10
http://bluzelle.com/
Operating countries
21

HTTP://TECHSAUCE.CO
Description
Call Levels is a FinTech company that provides
financial markets price monitoring & alerts for over
10,000 assets, including Stocks, Forex, Commodities,
Futures & Bitcoin. Over 200,000 users globally use
Call Levels to track the financial markets with real
time alerts sent directly to their mobile phone &
inbox.
Year founded 2014
Operating countries
Website
www.call-levels.com
Singapore
Singapore, Hong Kong
Key people
Category
Retail Investment
Investors
Koh Boon Hwee, Timothy Teo, 500 Startups, Prizm
Group, Lippo Group and other various angel investors
who were ex-finance professionals from Morgan
Stanley, JP Morgan, GIC and DBS.
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Daniel Chia, Co-founder
Cynthia Siantar, Co-founder
$1.3M, Series Undisclosed
22

HTTP://TECHSAUCE.CO
Description
Capital Match is a leading marketplace lending and
invoice financing platform in Singapore with more
than S$25m of facilities processed in the last 2 years.
Year founded 2014
Operating countries
Website
www.capital-match.com
Singapore
Singapore
Key people
Founder and CEO
Pawel Kuznicki
Category
Financial Lending
S$1.7m, Series Undisclosed
12
Investors
Crystal Horse Investments, Innosight, Dymon Asia
Capital
23

HTTP://TECHSAUCE.CO
Description
CekAja.com is information and comparison portal
services are neutral and trustworthy to help the people
of Indonesia to make smart financial decisions.
CekAja.com provides online portal that offers
information services enabling individuals to make
smart financial decisions.
Year founded 2013
Operating countries
Website
https://www.cekaja.com/
Indonesia
Indonesia, Philippines
Key people
CEO and Co-Founder
John Patrick Ellis
Category
Financial Comparsison
Investors
Telstra Ventures, Monk’s Hill Ventures, Kejora
Ventures, Captii Ventures, Altitude Partners, Jasrag
Investments, and several individual investors.
Undisclosed, Series B
24

HTTP://TECHSAUCE.CO
Description
Cermati is a technology startup that engages in the
Indonesian financial technology area. The initial aim
of Cermati is to use technology to make financial
information more available and more useful to
everyone and to enable people to take control of
their financial situation and save a lot of money by
doing so
Year founded 2015
Operating countries
Website
www.cermati.com
Jakarta, Indonesia
Indonesia
Key people
Co Founders
Andhy Koesnandar
Oby Sumampouw
Category
Financial comparison
$1.9M, Series A
Investors
Beenos Partners, East Venture.
25

HTTP://TECHSAUCE.CO
Description
Claim Di is a mobile application for facilitating
communication and claims between drivers and
their insurance companies.
Year founded 2000
Operating countries
Website
www.claimdi.com
Bangkok, Thailand
Indonesia, Thailand
Key people
Founder
Kittinan Anuphan Category
Insurance
Investors
Cyber Agent Ventures, DTAC, 500 Startup, Golden
Gate ventures
$2.4M, Series A
26

HTTP://TECHSAUCE.CO
Description
Coda payments accept payments from cardless
customers across Southeast Asia with just one
connection. CopaPay provides an alternative
payment gateway serving Indonesia, Philippines,
Malaysia, Thailand, Singapore, Vietnam, and Taiwan.
Year founded 2011
Operating countries
Website
www.codapay.com
Singapore
Singapore, Malaysia, Thailand,
Vietnam, Philippines and
Indonesia
Key people
Category
Investors
Accion Venture Lab, Cyber Agent Ventures, DMP
VC, GMO Venture Partners, Golden Gate Ventures,
IMJ Investment Partners Pte. Ltd., Rakuten, Toivo
Annus
Bobby Choi,
Co-founder & CTO
Neil Davidsob,
Co-founder & CEO
Paul Leishmen,
Co-founder & President
$5.2 M, Series A
27

HTTP://TECHSAUCE.CO
Description
Helping SMEs and high-growth startups make payouts
and payrolls. CoinPip offers a great solution to the high
volume of expensive and unpredictable small
payments to vendors and partners in ASEAN. CoinPip
solves the hassle and costs international transfers by
helping companies make mass payments and payouts
for 2% or less transaction fee and sends in less than
two business days; no FX and minimum charges.
Year founded 2014
Operating countries
Website
www.coinpip.com
Singapore
Over 40 countries across
EU and SEA
Key people
Category
Investors
500 Startups, and BasicVC from China
Over 600K, Series Undisclosed
Alexander Angerer
Co-founder, Chief Hustler
Anson Zeall , Co-founder/CEO
28

HTTP://TECHSAUCE.CO
Description
Founded in June of 2014, Coins makes money transfer
frictionless and accessible to everyone through the use
of mobile devices and Blockchain technology. Because
in Southeast Asia, only 40% of the 600+ million people
living here have bank accounts, and less than 5% have
credit cards, even banked customers have access to very
limited services compared to developed markets, Coins
provides the easiest way to pay and get paid for
everyone.
Year founded 2014
Operating countries
Website
www.coins.co.th
www.coins.ph
Pasig City, Philippines
Thailand and Philippines.
Key people
Ron Hose
Co-founder and CEO - PH
Runar Petursson
Co-founder and CTO - PH
Jirayut Srupsrisopa
Co-founder and CEO - TH
Category
Bitcoin/Blockchain
Undisclosed
29

HTTP://TECHSAUCE.CO
Description
Crowdo is a regional fintech startup offering a full
portfolio of peer to business lending and equity
crowdfunding solutions with operations in
Singapore, Indonesia and Malaysia. Crowdo is
creating an online financing platform to connect
Southeast Asia Country businesses, which face
difficulties in fundraising, with global investor
communities.
Year founded 2012
Operating countries
Website
https://www.crowdo.com/
Singapore
Singapore, Indonesia
and Malaysia
Key people
Category
Financial Lending
Investors
High Networth Individuals and Professional Investors
Leo Shimada,
Co-founder & CEO
Nicola Castelnuovo,
Co-founder & CCO
Pre-Series A
30

HTTP://TECHSAUCE.CO
Description
World’s first social e-wallet that you can make a
payment anytime and anywhere even when you
don’t have your money in the wallet. Thailand’s
largest issuer of white-label wallets to leading
corporations.
Year founded 2012
Operating countries
Website
www.atdeeppocket.com/en
Bangkok, Thailand
Thailand
Key people
Category
Pre Series A
20
Taweechai Pureetip
Natwut Amornvivat
Charatpong Chotigavanich
31

HTTP://TECHSAUCE.CO
Description
Digio is a Unified Payment Technology Provider for
financial institutes. The platform comprise of the
acceptance for all kind of international, local card
schemes, and e-wallets and also make it be available
across all channels both offline and online payment
Year founded 2012
Operating countries
Website
www.digio.co.th
Bangkok Thailand
Thailand, Myanmar
Key people
Nopphorn Danchainam,
Managing Director
Huy Ngo, Founder & CEO
Category
Investors
Hung Dinh, Founder of JoomlArt & DesignBold
Undisclosed, Seeds
21
32

HTTP://TECHSAUCE.CO
Description
DOKU is Indonesia’s pioneer e-payment platform.
Mainly business is Internet Payment Gateway,
providing online internet payment solution to
e-commerce, b2c, and retailing and even to b2b
business concepts. Doku is the first electronic
payment and Risk Company in Indonesia
Year founded 2007
Operating countries
Website
http://doku.com/id
JAKARTA, Indonesia
Indonesia.
Category
Undisclosed
Key people
Founder and COO
Nabilah Alsagoff
33

Description
Dragon Wealth offers the world’s first marketing in a
box’ designed specifically for financial advisors to
connect more easily and more often to new and
current investors. Dragon Wealth provides social
wealth management advice, advice that matters,
cloud computing, big data and client analytics,
digital wealth management etc.
Year founded 2013
Operating countries
Website
www.dragonwealth.net
Singapore
Singapore
Key people
Category
Retail Investment
Investor
Startup bootcamp Singapore
$15.93k, Seeds
Bert-Jan van Essen,
Founder,CEO
Vihang Patel, CTO
34

HTTP://TECHSAUCE.CO
Description
EasyPay was founded in 2012 with an ambition
to provide payment solutions for the local needs.
EasyPay operates mobile money payment. It enables
merchants to authorize, settle and manage Direct
Debit Bank Account and electronic transaction via
websites through secure channels.
Year founded 2012
Operating countries
Website
http://www.easypay.com.mm
Yangoon, Myanmar
Myanmar
Key people
CEO
Soe Ko Ko
Category
3 million USD initial funding to start
the company , Series Undisclosed
Investors
Myanmar Mobile Money, Innwa Bank
35

HTTP://TECHSAUCE.CO
Description
eCompareMo.com is the country’s leading financial
comparison website for people who are looking for
a quick, secure, and complete information about the
leading financial products in the market.
eCompareMo.com provides online portal that offers
information services enabling individuals to make
smart financial decisions. Customers are provided
with detailed specifications regarding credit card,
banking, insurance, and broadband products available
in the Philippines
Year founded 2013
Operating countries
Website
https://www.ecomparemo.com
Philippines
Philippines, Indonesia
Key people
Category
Investors
Telstra Ventures, Monk’s Hill Ventures, Kejora
Ventures, Captii Ventures, Altitude Partners, Jasrag
Investments, and several individual investors
Undisclosed, Series B
CEO and Co-founder
John Patrick Ellis
36

HTTP://TECHSAUCE.CO
Description
Fastacash™ provides a global social payments
platform which allows users to transfer value (money,
airtime, other tokens of value, etc.) along with digital
content (photos, videos, audio, messages, etc.)
through social networks and messaging platforms.
The company has developed a patent pending link
generation technology that enables the value transfer
with a secure link.
Year founded 2012
Operating countries
Website
www.fastacash.com
Singapore
Southeast Asia, India,
South Africa, Singapore
Key people
Category
Investors
Jagdish Chanrai Venture, Jungle Ventures, Amit
Anand, Life.SREDA, Rising Dragon Singapore Pte Ltd,
Spring SEEDS Capital, Spring Singapore, UVM 2
Venture Investments
Vince Tallent,
Chairman & CEO
Shankar Narayanan,
Co-Founder & CIO
Michael Wee,
Co-Founder, CCO
Radhika Angara, CMO
Peter Harkin, CFO
Mark Carter, CCO
$23.5 M, Series B
37

HTTP://TECHSAUCE.CO
Description
FinAccel is a financial technology company creating
disruptive and meaningful products in retail credit for
Southeast Asia, the 7th largest economy in the world
and home to nearly 10% of the world's population. With
an allstar team of investors, founders and employees,
FinAccel is currently focused on disruption in the
unsecured lending space.
Year founded 2015
Operating countries
Website
http://www.finaccel.co/
Jakarta, Indonesia
Indonesia, Singapore
Key people
Category
Financial Lending
Investors
500 Startups, Alpha JWC Ventures, Amar Goel, Jerry
Yeu, Jungle Ventures, Amit Anand, Mathieu Harding,
Prashant Kirtane
Akshay Garg,
Co-Founder and CEO,
Umang Rustagi,
Co-founder and COO
$1.1 M, Seed
38

HTTP://TECHSAUCE.CO
Description
FINNOMENA’s goal is to unlock the investment
potential in majority of Thai people who have
little time or investment-know-how to grow wealth.
FINNOMENA provides extraordinary tools and
unbiased knowledge and advisory needed in investing
and personal financial planning.
Year founded 2015
Operating countries
Website
http://finnomena.com
Bangkok, Thailand
Thailand
Key people
Category
Retail Investments
Investors
500 Startups, dtac Accelerate
Undisclosed, Seeds
Jessada Sookdhis,
Co-founder
Chayanon Rakkanjanan,
Co-founder
Phongthorn Thavontanakul, CEO
Ohm Attaphong
Rattanaveerachanon, CTO
Gab Noppawat Muktabhant,
Chief UX Designer
39

HTTP://TECHSAUCE.CO
Description
Flow Account offers an easy cloud-based accounting
system that is tailored for small businesses in Thailand.
Flow Account gives the simple tools to help organize
basic invoicing and accounting needs such as creating
a quotation, billing note, invoice, and receipt. Other
services include financial reports and summaries,
transaction tracking, and products list management.
Year founded 2015
Operating countries
Website
https://flowaccount.com/en
Bangkok, Thailand
Thailand
Key people
Category
Accounting Software
Norwich Sri Guru.
Founding partner
Kridsada Chutinaton,
Co-founder
Undisclosed
40

HTTP://TECHSAUCE.CO
Description
Funding Societies is a friendly online peer-to-peer
lending marketplace for SMEs to acquire loans and
fuel their growth through investor funding. Funding
Societies operates online marketplace platform that
matches SME borrowers to retail & institutional
investors invest into business loans.
Year founded 2015
Operating countries
Website
www.fundingsocieties.com
Singapore
Indonesia, Singapore
Key people
Kelvin Teo,
Co-Founder & CEO
Reynold Wijaya ,
Co-Founder
Vikas Jain,
Marketing Director
Category
Financial Lending
S$10M Series A, Sequoia Capital
30
Investors
Retail investors & local SMEs
41

HTTP://TECHSAUCE.CO
Description
GoBear is a free, unbiased, mobile-friendly and easy-to-
use financial metasearch site for consumers to compare
insurance, credit cards, loans and other financial
products. GoBear aims to help collect as well as simplify
information and make comparisons easier and more
transparent. From its establishment in 2014, the
company has been trusted by more than 6 million users
across Southeast Asia and will continue to put its heart
and soul into improving its products so that it will be
the number one financial metasearch in Asia.
Year founded 2014
Operating countries
Website
www.gobear.com
Singapore
Thailand, Singapore, Malaysia,
Hong Kong, Phillipines, Vietnam
Key people
Category
Financial Comparison (Financial Metasearch)
31
Andre Hesselink, CEO of GoBear
Singapore (Headquarters)
Synn Navamananda, Country
Director of GoBear Thailand
Undisclosed
42

HTTP://TECHSAUCE.CO
Description
iMoney.my offers financial services and referral
business. iMoney.my operates its business to
compare credit cards, loans, broadband and insurance
by providing consumers with the convenience of online
comparison and the benefit of telephone-based advice.
iMoney uses technology to offer consumers a free analysis
of their product needs followed by a comprehensive
review of products from its product provider panel.
Year founded 2012
Operating countries
Website
https://www.imoney.my/
Kuala Lumpur Malaysia
Malaysia,Singapore, Indonesia,
Philippines, Hong Kong and
Thailand
Key people
Edmund Kwok,
Co-founder, Group CTO
Ching Wei Lee,
Co-founder and CEO
Bruno Araujo, CRO
Category
Investors
500 Startups, Asia Venture Group, ECONA AG,
Fenox Venture Capital, Jungle Ventures, Amit Anand,
Rebright Partners, Vogel Ventures
$6.5M, Series B
43

HTTP://TECHSAUCE.CO
Description
iTAX is the leading personal income tax solutions in
Thailand. Its mission is to help people get their taxes
done right, with the BIGGEST refund. Users can rest
assured that the constantly changing tax laws and
regulations will be taken care of. iTAX helps users to
save time on preparing tax documents, optimizes all
conditions to get the maximum tax refund, and
provides the best advice on tax-saving products.
iTAX provides both individual and corporate solutions
for payroll, payroll tax, and employees' benefits.
Year founded 2012
Operating countries
Website
https://www.itax.in.th/
Bangkok, Thailand
Thailand
Key people
Dr.Thuntee Sukchotrat , CEO
Dr.Yutthana Srisavat
(General Counsel)
Torsak Chaiwattanaphong, CTO
Chanyanont Loha-unchit , CDO
Dr.Warong Sukchotrat,
Head of Economics Department
Category
Personal Finance Management
Undisclosed, Pre-Series A
44

HTTP://TECHSAUCE.CO
Description
Jirnexu provides technology solutions and services to banks
and insurance companies to enable them to acquire
customers anytime, anywhere and on any device. Because
banks and insurance companies in emerging markets still rely
on traditional sales channels and practices and when these
institutions have tried to distribute their products on digital
channels, they generally try to apply processes from
traditional channels resulting in terrible customer experience
and poor ROI on digital investments. Jirnexu’s Xpress Apply
solution is a proven out-of-the-box platform that enables
banks and insurance companies to distribute products and
acquire customers digitally.
Year founded 2012
Operating countries
Website
https://jirnexu.com/
Kuala Lumpur, Malaysia
Malaysia ,Indonesia
Key people
Category
Investors
DMP, Celebes Group, NTT Docomo Ventures, Nullabor, Tuas
Capital Partners
Siew Yuen Tuck, CEO
Hann Liew, CFO
James Barnes, COO
Cedric Vivier, CTO
Lucas Ooi , CCO
James Wong
Chief Business
Development Officer
USD3m Series A
45

HTTP://TECHSAUCE.CO
Description
Jitta is an intelligent investing solution that simplifies
fundamental stock analysis and speeds up value-stock
discovery around the globe. Jitta Ranking, our algorithm
that ranks stocks based on investment potential, has been
outperforming S&P 500 and Dow Jones by 400% (since
2009). The aim of Jitta is to help investors who lack
knowledge and time to evaluate thousands of financial
statements and to keep it up to date every quarter. Besides,
Jitta provides platform which analyst result from both
quantitative and qualitative factors to make DECISION and
ACTION without bias and market emotion
Year founded 2013
Operating countries
Website
jitta.com
Bangkok Thailand
Thailand
Key people
Category
Retail Investments
Investors
Mary Buffett, best selling investment books, Suvabha
Charoenying, Ex-MD Thanachart Securities Public Company.
$3M, Seeds
Mr. Trawut Luangsomboon
CEO & Co-founder
Ms. Pornthip Kongchun
COO & Co-Founder
Mr. Sira Sujjinanont
CTO & Co-Founder
46

HTTP://TECHSAUCE.CO
Description
Jojonomic is a paperless expense reimbursement
solution that eliminates the need to keep and recap
paper receipts manually. Jojonomics eliminates manual
reimbursement process that is still being used by 90%
of companies in the region. The application simplifies
bookkeeping by letting employees digitally track
expenses and be reimbursed in a timely, efficient
manner. It also allows administrators/ hr/ finance
/ business owners to have better cost control, reduce
frauds and improve productivity.
Year founded 2015
Operating countries
Website
www.jojonomic.com
Singapore
Key people
Indrasto Budisantoso , CEO
Samiaji Adisasmito, COO
Timothy Francis, CGO
Yogi Marsal and Aly
Sangadji ,coCTO
Category
Accounting Software
7 digits USD, Series Undisclosed
Investors
Maloekoe, Golden Gate, East Ventures, Fenox
47

HTTP://TECHSAUCE.CO
Description
Jurnal is a tech company delivering web-based
accounting solutions for small to medium businesses. It
simplify administrative processes to only the essentials;
Simple Online Accounting Software, Online Accounting,
Online Tax, Online Bookkeeping. Jurnal gives users the
convenience of operating their business at any place
and time, on any device. Businesses running Jurnal are
equipped with the right tools to be a professional
business.
Year founded 2015
Operating countries
Website
https://www.jurnal.id
West Jakarta, Indonesia
Indonesia
Key people
Co-Founders & CEO
Daniel Witono
Category
Accounting Software
Investors
East Venture, Tech in Asia
Undisclosed, series A
48

HTTP://TECHSAUCE.CO
Description
Concept of Kashmi is Peer 2 Peer Payments. It is a
social, mobile, neo-banking product designed to fit
seamlessly into the lifestyle of South-East Asia's
banked and unbanked millennials, with features that
enable on-the-go spending, saving, lending, investing
and budgeting.
Year founded 2014
Operating countries
Website
http://www.kashmi.com
Singapore
Singapore
Key people
Category
Payment/Mobile Wallet
Founders
Rakhil Fernando
Mufa Lukmanjee
Rajinda Jayasinghe
$555.87k, Seed
49

HTTP://TECHSAUCE.CO
Description
The Singaporean-based Service-as-a-Software company
has developed its patented technology based on 4 years
of actual online lending experience and helps financial
service providers extend credit to consumers and SMEs
in emerging markets by analyzing digital footprints to
verify identities and assess risk. Lenddo is helping
leading financial institutions globally make more
accurate and quicker decisions across the customer
lifecycle and drive higher levels of growth and
profitability
Year founded 2011
Operating countries
Website
www.lenddo.com
Singapore
in About 20 countries: India,
Indonesia, Philippines, Peru,
Colombia, Mexico, Nigeria,
South Korea, etc
Key people
Richard Eldridge,
CEO and co founder
Jeff Stewart,
Chairman and co founder
Naveen Agnihotri, CTO
Mark Mackenzie,
Managing director Asia pacific
Oscar Torres,
Managing director Latin America
Abhinav Haldia,
Country Director India
Category
Investors
AT Capital, Blumberg Capital, Life.Sreda, Omidyar
Network
$23M, Series B
50

Description
Loansolutions is an online platform, which matches
borrowers with financial institutions. Unlike traditional
loan comparison portals, Loansolutions helps to put
the borrower first. Through its algorithms and hands
on concierge services Loansolutions ensures that
borrowers can make the best possible chance to
secure a competitive loan.
Year founded 2014
Operating countries
Website
Philippines
Philippines
http://www.loansolutions.ph/ Category
Undisclosed, seed
40
JP BISSON, Co-Founder And CEO
KASH AVENA, CMO
MARICOR BUNAL, COO
Key people
51

HTTP://TECHSAUCE.CO
Description
MatchMove Pay is a financial technology company that
provides innovative, end-to-end enterprise payment
solutions to help startups and large enterprises increase
revenue and boost user engagement through its
patented technologies. Our proprietary cloud-based
MatchMove Wallet OS™ enables any company to easily
offer their customers a fully branded, secure mobile
wallet solution that includes P2P transfer, Remittance,
Top Up channels, Virtual Payment Cards, Loyalty Points
& Rewards, Promotions & Offers amongst many other
features.
Year founded 2014
Operating countries
Website
http://matchmovepay.com/
Singapore
Singapore, Vietnam,
Indonesia, Thailand, India,
The Philippines
Key people
Category
Investors
Vickers Venture and Credit Saison
41
Shailesh Naik, CEO
Hsueh Huah Leow , COO
Undisclosed, venture
52

Description
Founded in Singapore in 2005, MC Payment is both a
payment technology and merchant service company that
supports the end-to-end value-chain of commerce
transactions, ranging from suppliers and merchants to
consumer payments. As a pioneer Omni-channel payment
provider in Southeast Asia and Oceania, MC Payment has
led the way in the mobile and digital payments space while
continuing its support to merchants with traditional online
and in-person payments. MC Payment is also proud to be
the first MasterCard certified gateway in Asia for Level 3
enhanced data processing.
Category
Payment/Mobile wallets.
Investors
2W Group, Aura Funds Management, DZW Capital, ESW
Manage, Golden Equator Capital, Perle Ventures, tryb
Capital
$8.01 M, Undisclosed
HTTP://TECHSAUCE.CO
Year founded 2005
Operating countries
Singapore, Malaysia,
Indonesia, Hong Kong,
Australia and Thailand
Website
http://mcpayment.com/
Singapore
Key people
Anthony Koh,
founder and CEO
Moon Soo Kim,
co founder and director
53

HTTP://TECHSAUCE.CO
Description
Founded by a group of veterans from the FX and
Securities Industries with experience averaging 15 years
amongst the key members, M-DAQ is a game-changing
platform that prices and trades exchange-traded
products in a multitude of choice currencies by blending
‘executable’ FX rates into equities and futures products.
M-DAQ enables Securities Exchanges to go multi-
currency without significant changes to systems and
back-end processes, with low start-up and running costs.
Year founded 2010
Operating countries
Website
http://www.m-daq.com
Singapore
Singapore, Malaysia, Germany,
Taiwan, India, China, Philippines,
Korea, USA.
Key people
Category
Retail Investment
Investors
Undisclosed
$Undisclosed, Series C
Richard Koh, CEO
Wong Joo Seng,
Co-founder and Chairman
54

HTTP://TECHSAUCE.CO
Description
Mesitis empowers high net worth individuals and
wealth managers with account aggregation and
visualization across asset classes and banks. It has
developed Canopy, a software which accepts bank
statements in any electronic format and generates
consolidated, relevant analysis that helps investors
make sense of and act on their investment portfolios.
Mesitis has also launched Bento, a bionic advisor which
provides custom-built, intelligent investment portfolios
at a fraction of the cost.
Year founded 2013
Operating countries
Website
www.mesitis.com
Singapore
Singapore
Key people
Tanmai Sharma
Founder
Category
$5.3 million, Series Undisclosed
Investors
Private Investors
55

HTTP://TECHSAUCE.CO
Description
Midtrans was established in 2012 under name
Veritrans. We are committed to providing a safe,
reliable, and fraud-free payment infrastructure and
chat commerce to support online businesses and
facilitate online transactions. Working with reputable
banking institutions and payment channels in
Indonesia, our clients include Matahari Mall,
Tokopedia, Bukalapak, Cottonink, Bro.do, Garuda
Indonesia, Pegipegi, JD.id, and many others. To learn
more about us, visit www.midtrans.com..
Year founded 2012
Operating countries
Website
https://midtrans.com/
Jakarta, Indonesia
Indonesia
Category
Undisclosed
Key people
Ryu Kawano Suliawan
CEO and Co-Founder
56

HTTP://TECHSAUCE.CO
Concept of Mobikon is Customer Engagement and
Marketing platform for Restaurants. Mobikon helps
restaurants to increase sales and customer interactions
via intelligent marketing, real time analytics and
retargeting tools. Turn customer feedback into revenues
and customers as promoters.
Year founded 2009
Operating countries
Website
http://www.mobikontech.com
Singapore
Singapore, Manila, Malaysia,
Mumbai, Pune, Bangalore, Dubai
Category
$4M, Venture
Key people
Samir Khadepaun,
CEO & Founder
Anuj Jain, CMO
Investors
Jungle Ventures, Lionrock Capital, Spring Singapore
57

HTTP://TECHSAUCE.CO
Description
MobiVi is a financial services company, providing
transaction solutions to banks, individual users and
corporate clients. The aim of MobiVi is to provide a
path for people that have no credit to purchase goods
and services directly from a bank account to a product
supplier. The company books a monthly revenue of
$10M and provide core to core connection with over
five biggest banks in Vietnam.
Year founded 2007
Operating countries
Website
https://www.mobivi.vn/
Ho chi minh, Vietnam
Vietnam
Key people
Category
Investors
Experian, Kusto Tiger Fund Private, and Unitus Impact.
Founder & CEO
Dung Tan Trung
$20M, Series C,
58

HTTP://TECHSAUCE.CO
Description
Moka is a Jakarta-based startup that focusses on
building mobile point-of-sale (POS) technology for
restaurants and retail. Backed by East Ventures and
Wavemaker, Moka provides an end-to-end POS and
payment solution that empowers small and medium
businesses in Indonesia.
Year founded 2014
Operating countries
Website
http://www.mokapos.com
Indonesia
Indonesia
Key people
Category
Investors
Convergence Ventures, East Ventures, Northstar
Group, Wavemaker Partners
$1.9M,Series A
Co-founder & CTO
Grady Laksmono
59

HTTP://TECHSAUCE.CO
Description
Momo is a FinTech startup that offers a mobile,
electronic wallet and payment application for iOS
and Android devices. Its products help customers in
Vietnam make nationwide cash transfers, pay more
than 100 types of bills, recharge mobile phone
accounts, settle personal loans, and purchase services
such as software license and online game cards, airline
and movie tickets, etc.
Year founded 2014
Operating countries
Website
https://momo.vn
Ho chi minh, Vietnam
Vietnam
Key people
CEO
Phan Thanh Duc
Category
$33.75M, Series B
Investors
60

HTTP://TECHSAUCE.CO
Description
Money Lover is a cross-platform solution which helps
people better manage personal finances and provides
personalized financial advice. Alongside manual input,
Money Lover aggregates data from multiple bank
accounts to deliver an accurate overview of consumer
financial situations.
Year founded 2012
Operating countries
Website
https://moneylover.me
Hanoi, Vietnam
Planed to expand to Thailand,
Indonesia, Malaysia
Key people
Founder & CEO
Huy Ngo
Category
Investors
Hung Dinh, Angel Investor
Undisclosed, Seed
50
61

HTTP://TECHSAUCE.CO
Description
Money Smart helps maximize money by empowering to
make smarter financial decisions through Money Smart’s
suite of useful tools and awesome content. By
aggregating and consolidating product information to a
single platform for comparison that's personalized to
customers’ unique consumer profile, Money Smart have
put the power back into customers’ hands. Whether it's
a loan, insurance or credit card, Money Smart makes
information easy to understand and products easy to
apply for - all in one place.
Year founded 2015
Operating countries
Website
moneysmart.sg
Singapore
Key people
Category
Investors
Singapore Press Holdings Media Fund, Golden Gate
Ventures
51
Vinod Nair, CEO
Nicholas Ramsay, COO
Adrian Yuen, CCO
S$2.8 million, Undisclosed
62

HTTP://TECHSAUCE.CO
Description
Moneythor is a fintech software company providing banks
with a modern toolkit to enhance their digital banking
services, by helping them generate data-driven personalized
and contextual recommendations for their customers. The
backup reasons of the company are from 2 points. The first
one is consumers often receive little assistance from their
banks in their daily financial life despite ever increasing
digital expectations. And the second one is banks struggle to
increase customer loyalty and stay relevant, while
maintaining a healthy level of digital engagement &
conversion.
Year founded 2013
Operating countries
Website
www.moneythor.com
Singapore
head-office in Singapore
focuses on its customers
in the APAC region. Also
has offices in Europe
(London & Paris).
Key people
Category
Financial/Banking Tool
Investors
Co-founders and management team
#52
Olivier Berthier, CEO
Thibault Weintraub, CTO
Undisclosed
63

HTTP://TECHSAUCE.CO
Description
Myanmar Mobile Money (MMM) has been a source of
innovative solutions for mobile and financial service
provider for Republic of Union of Myanmar. MMM
invests heavily in Mobile Money product development,
using carrier-grade, next-generation technology and
aligning with the requirements of financial services for
rural and urban areas.
Year founded 2013
Operating countries
Website
www.myanmarmobilemoney.com
Yangon, Myanmar
Myanmar
Category
#53
Undisclosed
Key people
Kyaw Htoo Linn, CEO
64

HTTP://TECHSAUCE.CO
Description
NUMONI develops self-service vending machines,
which would allow people outside the traditional
banking system to carry out transactions such as
buying prepaid mobile phone airtime, paying off
monthly loans and bills, and contributing to savings.
NUMONI brings cash-into-account and provide
payment services for the underbanked. The company
committed to serve people from all walks to make
lifestyle transactions convenient and affordable by
changing the way prepaid products including prepaid
airtime.
Year founded 2012
Operating countries
Website
www.numoni.com
Singapore
Indonesia, Malaysia,
Hong Kong, Singapore,
Philippines
Key people
Ms Norma Sit
Founder & CEO
Category
$4.76 M, Series B
#54
65

Description
At Omise, it is believed that online payment is a necessity
to develop a successful business on the internet. Omise
provides their users with the necessary tools to run an
online business, accept payments and connect them with
millions of potential customers. Their payment solution is
simple to setup and works seamlessly across multiple
devices. They take care of connecting and maintaining
relationships with processors and acquirers which let our
users focus on building great products. Omise has recived
PCI DSS 3.2 compliance, Thailand Startup of the year- Rice
bowl startups award.
Investors
500 Startups, Ascend Capital, Ascend Venture Group, East
Ventures, Golden Gate Ventures, SBI Asset Management,
Sinar Mas Indonesia, SMDV, True Incube
Category
$20.4 M, Series B
HTTP://TECHSAUCE.CO
Year founded 2013
Operating countries
Website
https://www.omise.co
Bangkok, Thailand
Thailand, Japan, Singapore,
Indonesia
Key people
Jun Hasegawa,
Founder and CEO
Ezra Don Harinsut,
Co-Founder and COO
#55
66

HTTP://TECHSAUCE.CO
Description
Topping up a prepaid mobile card is a mundane
experience. It’s unnecessarily long too: doing it at a
store takes minutes. But Vietnamese startup OnOnPay
has a plan to streamline the drudgery and even make it
fun. OnOnPay provides payment gateway which helps
customers recharge their phones fast, convenient, with
many attractive offers which customers should not
miss.
Year founded 2015
Operating countries
Website
http://ononpay.com/
Hanoi, Vietnam
Vietnam
Key people
Category
Undisclosed six digit ,Seed
#56
Founder
Bùi Sỹ Phong
67

HTTP://TECHSAUCE.CO
Description
OTDocs technology provides a gentle transition from
paper to digital documents to international trade and
supply chain. While businesses have embraced digital
documents, the supply chain and trade finance
industry remains reliant on paper, exposed to fraud,
errors, and slow processes. Using blockchain, OTDocs
offers better risk mitigation, compliance, and
versatility.
Year founded 2015
Operating countries
Website
http://otdocs.com
Singapore
Thailand, Indonesia, Japan,
Singapore
Key people
CEO
Roberto Capodieci
Category
Bitcoin/Blockchain
cash flow positive, Pre-seed
#57
Investors
Trade Finance and Supply Chain businesses
68

HTTP://TECHSAUCE.CO
Description
Otonomos is engineering the world's first blockchain
-chartered company, in which customers hold their
shares in the same way as owning bitcoins in a
digital wallet. Otonomos offers Company formation,
Investor relations, Captable management, Smart
contracts, Programmable shares, Peer-to-peer
funding, Corporate Governance, Corporate
secretarial services, Blockchain technology, FinTech.
Year founded 2015
Operating countries
Website
https://www.otonomos.com/
Singapore
Singapore Hong Kong, UK
Key people
Founders
Han Verstraete
Category
Bitcoin/Blockchain
Investors
Fenbushi Capital, Dymon Asia Ventures,
Startup bootcamp
$165.93K. Seed
#58
69

HTTP://TECHSAUCE.CO
Description
Piggipo is an application for managing Credit card in
THAILAND.You can see the total cost of the credit
cards all within the first page of apps. The total cost
will be split according to the bill of each card really.
This lets you know the status of the payment through
credit cards in real time, that now it is available or
how to use it. A virtual personal secretary to help you
manage your financial management.
Year founded 2013
Operating countries
Website
http://www.piggipo.com
Bangkok, Thailand
Thailand
Key people
Founders:
Sirathorn Thamprateep
Pongchai Tangbowonweerakun
Supichaya Gak Surapunthu
Category
Payment/ Mobile wallets
$70K,Seed
#59
Investors
dtac, Ookbee, 500 TukTuks, Golden Gate Ventures
70

HTTP://TECHSAUCE.CO
Description
QUOINE is a leading Blockchain Company, and one
of the largest Bitcoin Exchanges in the world.
QUOINE offers powerful charting toolsnand trading
options on its feature rich interface to allow
customers to benefit from both a rising and a falling
market across several currency pairs
Year founded 2014
Operating countries
Website
http://quoine.com
Singapore
Japan, Singapore
Key people
Mike Kayamori
Co-Founder & CEO
Mario Gomez Lozada
Co-Founder, CTO and
President of Product
Category
Blockchain
>20M USD, Series Undisclosed
#60
Investors
JAFCO
71

HTTP://TECHSAUCE.CO
Description
Rabbit finance is the trading mark under Rabbit
Internet, an affiliate the BTS Group who is the leading
provider of passenger services in Thailand and is listed
on the Stock Exchange of Thailand with the market
capitalization ranked amongst the top 50 largest
company in the kingdom of Thailand. Over 4 million
Rabbit Card users benefit from their services every
day. Rabbit finance was formerly known as “Ask
Hanuman” before it was bought over by Rabbit
internet.
Year founded 2013
Operating countries
Website
https://finance.rabbit.co.th/en
Bangkok Thailand
Thailand
Key people
Johannes von Rohr, CEO
Category
#61
Undisclosed
72

HTTP://TECHSAUCE.CO
Description
Red dot is the leading Electronic Mobile Top-Up service
in Myanmar, also providing bill payment, customer
loyalty and customer management services, which have
been specifically tailored to the local market. Since
launch the Myanmar based company has grown at an
extraordinary rate to a network of more than 13,000
retailers, adding bill payment, e-commerce and world
first innovative solutions. Red dot has a unique mix of
executive experience, technical know how and more
than 300 strong team of talented employees to deliver
a world leading system tailored to the unique
requirements of Myanmar.
Year founded 2014
Operating countries
Website
www.reddotnetwork.com
Yangon, Myanmar
Myanmar
Key people
Category
#62
Andy Whelan, CMO
$20M, Undisclosed
73

HTTP://TECHSAUCE.CO
Description
Year founded 2015
Operating countries
Website
https://www.refinn.com/
Bangkok Thailand
Thailand
Key people
Pongsatorn Dhanabordeephat,
COO
Category
Financial Lending
#63
Undisclosed
74
Refinn was created to help homeowners lower their
debt by refinancing their houses. The platform -
www.Refinn.Com - has aggregated more than 80
promotional schemes, for refinancing packages from
15 banks and will choose the best refinancing package
for each consumer. Refinn helps mortgage lenders
significantly cut interest costs and shorten loan
repayment periods. Refinn generates its revenues
from document processing fees and advertising. The
security used at refinn is on par with that of top
international banks. To date, the value of mortgage
debt that consumers have submitted to refinn is more
than 3.5 billion baht

HTTP://TECHSAUCE.CO
Description
Smartkarma Brings Pricing Transparency, Economies
of Scale and Efficiency, Collaboration, Discussion &
Information Sharing, Discovery, Compliance &
Regulation and insight discovery in a compliant
manner to the investment research market.
Year founded 2014
Operating countries
Website
www.smartkarma.com
Singapore
Hong Kong, Singapore
Key people
Category
Investment Research
Investors
Wavemaker, Jungle, Spring Singapore,
Mr. Koh Boon Hwee, Mr. Tan Chin Hwee
#64
Raghav Kapoor,
Co-Founder & CEO
Jon Foster,
Co-Founder & Chairman
Lee Mitchell,
Co- Founder
Sonia Palmieri,
Head of Business Development
$7.5M, Series Undisclosed
75

HTTP://TECHSAUCE.CO
Description
The Soft Space centralised Mobile Point-of-Sales
payment platform aims to revolutionise the payment
industry by enabling anyone to accept card based
payments. Core products of Soft Space are mobile
payment, innovative payment technology and digital
payments. Soft Space is certified EMV Level 2, the first
in Asia to achieve this, and is also certified by
MasterCard and Visa; a testament to its security,
credibility and is recognised globally.
Year founded 2012
Operating countries
Website
www.softspace.com.my
Malaysia
Malaysia, Indonesia, Thailand,
Singapore, Vietnam, Philippines,
Australia and New Zealand
Key people
Category
Undisclosed
#65
Chang Chew Soon
Founder
76

HTTP://TECHSAUCE.CO
Description
SoftPay Mobile International is a leading Mobile
Point of Sale (mPOS) solution and Payment
Facilitator company in Southeast Asia. The aim of
SoftPay is to provide a path for people that have no
credit to purchase goods and services directly from a
bank account to a product supplier. SoftPay’s mPOS
solution is highly secure and has achieved numerous
certifications to give merchants and customers peace
of mind when processing payments.
Year founded 2014
Operating countries
Website
http://www.softpay.mobi/
Singapore
Vietnam, Singapore
Category
Undisclosed, Series A
#66
Key people
Christopher Low,
CEO and Co-founder
77

HTTP://TECHSAUCE.CO
Description
Stockbit is the leading social platform that redesigned
information sharing for stock investors and traders in
Indonesia. Engineered and designed by traders for
traders. Stockbit provides Financial Social Network,
Investor Research Tools, Real-Time Cloud Charting.
Year founded 2012
Operating countries
Website
www.stockbit.com
Jakarta Indonesia
Indonesia
Key people
Founders
Wellson Lo, Johny Susanto
Category
Retail Investment
Undisclosed, Seed
#67
78

HTTP://TECHSAUCE.CO
Description
StockRadars, a Thailand-based service providing mobile-
based analytics and insight for trading enabled real-time
stock trading inside its app for the first time. That live-
trading feature is limited to Thailand for now, but the
company has expanded its analytics service to eight new
countries — China, Taiwan, Hong Kong, South Korea,
Japan, New Zealand, India and Singapore — with a view
to rolling real-time trading out in these places, too.
Year founded 2010
Operating countries
Website
http://www.stockradars.net/
Bangkok, Thailand
live-trading feature is limited
to Thailand for now, but the
company has expanded its
analytics service to eight new
countries — China, Taiwan, Hong
Kong, South Korea, Japan, New
Zealand, India and Singapore
Category
Retail Investments
#68
$1.5M, Seed
Key people
Founder
Teerachart Kortrakul
79

HTTP://TECHSAUCE.CO
Description
StoreHub is a cloud-based iPad POS with Inventory
Management and Reporting accessed via a mobile
responsive backend. We gave it a beautifully clean UI,
the best enterprise features and kept it at a low cost.
Year founded 2013
Operating countries
Website
Selangor, Malaysia
Malaysia, Potentially Thailand,
Philippines, Indonesia
Key people
Category
Payment/Mobile Wallet.
Investors
500 Startups
$850K, Seed
#69
Founders
Cong Yu Li, Wai Hong Fong
https://www.storehub.com
80

HTTP://TECHSAUCE.CO
Description
Tag Cash is a digital wallet featuring online, offline
and SMS payments. Tag Cash aims to make or take
payments online easy and convenient.
Year founded 2014
Operating countries
Website
https://tagcash.com/
Makati City, Philippines
Philippines
Key people
Founder
Mark Vernon
Category
$3M, Angel
#70
81

HTTP://TECHSAUCE.CO
Description
Toast is a Peer 2 Peer money transfer application that
allows Filipinos in Hong Kong to remit money back
home directly from a smartphone without the need to
utilise existing banking infrastructure or queue up at a
Money Transfer Shop on your day off. Toast is the first
iteration of what we believe will be a new way of
sending money from one country to another.
Year founded 2015
Operating countries
Website
www.toastme.com
Singapore
Philippines, Hong Kong,
SIngapore
Key people
Category
#71
Founder & CEO
Aarong Siwoku
$865.93k, Seed
82

HTTP://TECHSAUCE.CO
Description
TradeHero is a mobile stock market simulation app that
lets customers become a trading Hero, gain followers
and earn subscription fees, by ranking the performance
of their virtual stock portfolio against other TradeHero
users. Customers can also find and follow the expert
trade feeds of trading Heroes as guidelines to make
their own real-life trades. TradeHero offers Mobile
Application, Virtual Stock Market Simulation, Social
Network.
Year founded 2011
Operating countries
Website
http://en.tradehero.mobi
Singapore
Singapore, China
Key people
Category
Retail Investment
Investors
IPV Capital, Kleiner Perkins Caufield & Byers, TNF
Ventures
$10.46M,Series A
#72
Dinesh Bhatia,
CEO and Co-Founder
Alvin Foo, CMO
Dominic Morris,
CTO and Co-Founder
David Qi, VP Engineering
Jeff Tang, SVP and President
China Constant Tong,
VP Products
83

HTTP://TECHSAUCE.CO
Description
UangTeman is part of Digital Alpha Group Pte Ltd - one
of the digital enterprise finance in Southeast Asia that
provides the first online direct lending platform in
Indonesia. Current available product is Payday Loans -
a product that helps employed working individuals and
entrepreneurs in a financial emergency situations to
borrow small ticket loans that can be repaid on their
next paycheck. Core business of UangTeman are
microlending, payday lending, big data and financial
services.
Year founded 2015
Operating countries
Website
https://uangteman.com
Jakarta Indonesia
Indonesia
Key people
CEO & Co-Founder
Aidil Zulkifli
Category
Financial Lending
$3M of total equity and debt
financing, Series Undisclosed
#73
84

HTTP://TECHSAUCE.CO
Description
Xfers is a Singaporean-based payment processing
gateway offering credit card processing and Internet
banking transfers. As a graduate of Y Combinator’s
Summer 2015 Class, Xfers aims to unify banking
networks across Southeast Asia. Featured on
Techcrunch and coined as the Paypal of Southeast
Asia by Channel News Asia, we simplify and redefine
the process of collecting and receiving payments in
Southeast Asia.
Year founded 2014
Operating countries
Website
www.xfers.com
Singapore
Singapore and Indonesia
Key people
Category
#74
Founders
Victor Liew Jia Hao
Wenbin Tay
Tianwei Liu
$2.5M, Seed
85

HTTP://TECHSAUCE.CO
Description
ZAP gives customers 5% to 20% Cash Back every time
they spend in any partner merchant. The ZAPtag is a
smart sticker that lets users earn instant rewards such
as cash back points, coupons and jackpots with just a
tap. Customers can then use the Cash Back to pay for
their purchases in these same establishments.
Year founded 2014
Operating countries
Website
https://www.zap.com.ph
Philippines
Philippines
Key people
Category
Investors
Kickstart Ventures, Wavemaker Partners
$850k, Undisclosed
#75
Justin Lim, Founder
Terence Lok, Founder
Angelique Uy, Founder
Dustin Cheng,
CEO & Co-founder
86

GLOSSARY
87
Company Category Country Page No.
1pay Payment/Mobile Wallet Vietnam 12
2C2P Payment/Mobile Wallet Singapore 13
Aborrow Financial Comparison Thailand 14
Active.ai Financial/Business Tool Singapore 15
Ascend Money Payment/Mobile Wallet Thailand 16
Ayannah Payment/Mobile Wallet Philippines 17
BankGo Financial Comparison Vietnam 18
Bao Kim Payment/Mobile Wallet Vietnam 19
Bitx Bitcoin/Blockchain Singapore 20
Bluezelle Bitcoin/Blockchain Singapore 21
Call Levels Retail Investment Singapore 22
Capital Match Financial Lending Singapore 23
CekAja Financial Comparison Indonesia 24
Cermati Financial Comparison Indonesia 25
Claim Di Insurance Thailand 26

GLOSSARY
88
Codapay Payment/Mobile Wallet Singapore 27
CoinPip Payment/Mobile Wallet Singapore 28
Coins.ph Bitcoin/Blockchain Philippines 29
Crowdo Financial Lending Singapore 30
Deep Pocket Payment/Mobile Wallet Thailand 31
digio Payment/Mobile Wallet Thailand 32
Doku Payment/Mobile Wallet Indonesia 33
Dragon Wealth Retail Investment Singapore 34
EasyPay Payment/Mobile Wallet Myanmar 35
EcompareMO Financial Comparison Philippines 36
FastaCash Payment/Mobile Wallet Singapore 37
Finaccel Financial Lending Indonesia 38
Finnomena Retail Investment Thailand 39
Flowaccount Accounting Software Thailand 40
Funding Societies Financial Lending Singapore 41

GLOSSARY
89
Go Bear Financial Comparison Singapore 42
imoney Financial Comparison Malaysia 43
iTAX Personal Finance Thailand 44
Jinrexu Financial Comparison Malaysia 45
Jitta Retail Investment Thailand 46
Jojonomic Accounting Software Singapore 47
Jurnal Accounting Software Indonesia 48
Kashmi Payment/Mobile Wallet Singapore 49
Lenddo Financial/Business Tool Singapore 50
loansolutions Financial Comparison Philippines 51
Matchmove pay Payment/Mobile Wallet Singapore 52
MC payment Payment/Mobile Wallet Singapore 53
M-Daq Retail Investment Singapore 54
Mesitis Financial/Business Tool Singapore 55
Midtrans Payment/Mobile Wallet Indonesia 56

GLOSSARY
90
Mobikon Payment/Mobile Wallet Singapore 57
Mobivi Personal Finance Vietnam 58
Moka Payment/Mobile Wallet Indonesia 59
Momo.vn Payment/Mobile Wallet Vietnam 60
Money Lover Personal Finance Vietnam 61
Money Smart Financial Comparison Singapore 62
MoneyThor Financial/Business Tool Singapore 63
Myanmar Mobile Money Payment/Mobile Wallet Myanmar 64
Numoni Payment/Mobile Wallet Singapore 65
Omise Payment/Mobile Wallet Thailand 66
Ononpay Payment/Mobile Wallet Vietnam 67
Opentradedocs Bitcoin/Blockchain Singapore 68
Otonomos Bitcoin/Blockchain Singapore 69
Piggipo Payment/Mobile Wallet Thailand 70
Quoine Bitcoin/Blockchain Singapore 71

GLOSSARY
91
Rabbit finance Financial Comparison Thailand 72
Reddot Network Myanmar Payment/Mobile Wallet Myanmar 73
Refinn Financial Lending Thailand 74
SmartKarma Investment Research Singapore 75
Soft Space Payment/Mobile Wallet Malaysia 76
Softpay Mobile Payment/Mobile Wallet Vietnam 77
StockBit Retail Investment Thailand 78
StockRadars Retail Investment Thailand 79
StoreHub Payment/Mobile Wallet Malaysia 80
TagCash Payment/Mobile Wallet Philippines 81
Toast Payment/Mobile Wallet Singapore 82
TradeHero Retail Investment Singapore 83
Uangteman Financial Lending Indonesia 84
Xfers Payment/Mobile Wallet Singapore 85
ZAP Payment/Mobile Wallet Philippines 86

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Southeast Asia's Top 75 Fintech Companies Report 2017

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