It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it closed an $11 million Series B round.
The new investment comes courtesy of Japan’s SBI Group — a returning investor which led the round having co-led Carro’s $60 million raise — alongside new backer SIG Asia Investments. The deal takes Jirnexu to $17 million from investors to date.
The startup was founded in 2012 and it is based in Kuala Lumpur, Malaysia. It operates financial comparison services in its native Malaysia (‘RinggitPlus‘) and in Indonesia, under the ‘KreditGoGo‘ brand, that aggregate offerings from banks and financial companies that include Citibank, HSBC, Standard Chartered, and UOB. In short, the company acts as a user acquisition channel for financial organizations that want to reach consumers and maintain a dialogue with them.
In recent years, Jirnexu has gone beyond basic banking products to offer insurance and e-policies, while it has introduced chatbots in conjunction with five financial organizations to help ease the process of sign-up and selection for their customers.
“Our core focus is to …read more