In the initial investment phase, both MDV and Kenanga will equally contribute RM25mil each as seed capital towards the fund.
KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) and Kenanga Investment Bank Bhd
have set up a fintech fund with a target fund size of RM300mil.
In a joint statement on Wednesday, they said the fund’s objective is to support the growth of fintech companies and boost the venture capital (VC) industry in Malaysia.
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