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Malaysian Fintech Mx Global Raises Equity Investment From Binance

Mar 01, 2022•over 3 years ago
Kuala Lumpur

Description

Kuala Lumpur-based fintech company MX Global has raised an undisclosed equity investment from Binance, the world’s largest cryptocurrency exchange by trading volume, according to a press release.

Company Information

Company

Mx Global

Location

Kuala Lumpur, Kuala Lumpur, Malaysia

About

The licenced fintech company will use the proceeds to build brand awareness, hire talent and develop new features within Malaysia’s regulatory framework. For MX Global, the investments from Binance and Cuscapi Berhad will allow the fintech firm to tap a much bigger client pool. “I believe that this cooperation will not only expand the potential services that MX Global can offer in the future, but it will also allow the company to innovate and revolutionize the payment system in Malaysia,” said MX Global CEO Dato’ Fadzli Shah.