The Malaysian fintech that turned cheaper currency exchange into a cross-border payments network spanning six markets.
THE MARK — MoneyMatch's interlocking double-m logo, the badge behind MYR 66 billion in transfers moved out of Kuala Lumpur.
In 2015, two men walked away from the trading floor to fix something that had annoyed them for years. Naysan Munusamy had been an executive director at Goldman Sachs in Hong Kong; Adrian Yap had traded foreign exchange at Bank of America. Both knew exactly how much a bank quietly skims when an ordinary person - or a small business - sends money to another country. So they built MoneyMatch to skim less and pass the difference back to the customer.
What began as a peer-to-peer currency exchange - matching people who wanted to swap ringgit for dollars, or the reverse - grew into a full cross-border payments platform. Today MoneyMatch lets individuals send money abroad from a phone via bank transfer, mobile wallet or cash pickup, and lets Malaysian SMEs pay suppliers in more than 40 currencies across over 120 countries.
The company is headquartered in the Kuala Lumpur metro area, in Petaling Jaya, and reports a team of roughly 110 to 130 people. It says it has served more than 1.3 million customers and moved north of MYR 66 billion in cumulative transactions - a figure that started, like every payments business, with a single transfer and one saved fee.
Crucially, MoneyMatch never treated regulation as an obstacle. It joined Bank Negara Malaysia's first fintech regulatory sandbox in 2017 and, two years later, graduated into a fully licensed money services business - a license that competitors without the patience to earn it simply do not have.
"It's not just about making money. It's about gains that could be channelled back to the user."— MoneyMatch co-founders
Plenty of apps promise low transfer fees. MoneyMatch's edge is less about a single flashy rate and more about depth: real regulatory licenses in multiple jurisdictions, a treasury engine tuned with machine learning, and three customer layers - consumer, business and enterprise - feeding the same network.
It is also one of the rare fintechs that both competes with banks and co-owns one. As an equity partner in the KAF-led consortium, MoneyMatch shares in a Malaysian Islamic digital bank license alongside Carsome, Jirnexu (RinggitPlus) and StoreHub. Against global players like Wise or Nium, that regional, license-first, bank-adjacent posture is the differentiator.
Send money abroad by bank transfer, mobile wallet or cash pickup, with digital eKYC onboarding and bank-beating FX rates.
Cross-border trade payments and mass disbursement for Malaysian SMEs in 40+ currencies across 120+ countries.
Proprietary treasury and payment platform powering bulk and cross-border settlement for financial institutions.
Developer API that lets partners embed MoneyMatch's cross-border payment and FX rails into their own products.
Complementary financial products - insurance, financing and cards - offered alongside core remittance.
A margin on the FX spread plus transfer fees, kept low by efficient, partly blockchain-based settlement across three customer segments.
Adrian Yap and Naysan Munusamy start MoneyMatch in Kuala Lumpur as a peer-to-peer currency exchange.
The platform launches publicly and joins Bank Negara Malaysia's first fintech regulatory sandbox cohort.
Graduates to a full licensee under the Money Services Business Act and closes the first Series A tranche.
KAF Investment Bank leads the RM18.5M Series A close, with venture debt from Malaysia Debt Ventures.
Becomes an equity partner in the KAF-led Islamic digital bank consortium and launches a Series B raise.
Cumulative transactions pass MYR 10 billion; the company closes a successful equity crowdfunding round.
Secures Singapore Major Payment Institution and Brunei remittance licenses, extending a six-market footprint.
A peer-to-peer FX app that became a licensed money services business across Southeast Asia - and then co-bought a bank.
MoneyMatch is a Malaysian fintech that lets individuals, SMEs and financial institutions send money across borders faster and cheaper than traditional banks - in dozens of currencies via bank transfer, mobile wallet and cash pickup.
It was founded in 2015 by Adrian Yap (CEO) and Naysan Munusamy, both former investment and treasury bankers.
Yes. It was in Bank Negara Malaysia's first fintech sandbox and became a fully licensed money services business in 2019, with additional licenses in Singapore, Brunei and Hong Kong.
The company reports more than MYR 66 billion in cumulative transactions across roughly 1.3 million customers.
Yes. It's an equity partner in the KAF-led consortium that won one of Malaysia's Islamic digital banking licenses, alongside Carsome, Jirnexu (RinggitPlus) and StoreHub.