# Rajnish Kumar

> Rajnish Kumar is the Kuala Lumpur-based co-founder and CEO of Instapay Technologies Sdn Bhd, a Malaysian payments business serving migrant and low-income workers through digital salary accounts, a linked Mastercard and remittance services. A former Fullerton Securities & Wealth Advisors CEO with experience at HSBC and Standard Chartered, he is an IIM Lucknow alumnus and CFA charterholder.

- **Role:** Co-Founder and CEO at Instapay Technologies Sdn Bhd
- **Organizations:** Instapay Technologies Sdn Bhd, Instapay Japan株式会社, Fullerton Securities & Wealth Advisors Ltd., Dunia Finance, HSBC, Standard Chartered Bank, Mu Gamma Consultants Pvt. Ltd.
- **Education:** MBA in Finance & Marketing (as described in Mu Gamma’s biography), Indian Institute of Management, Lucknow, Engineering graduate; exact degree title unverified, National Institute of Technology, Jamshedpur
- **Known for:** Appointed Fullerton Securities & Wealth Advisors CEO in 2012., Co-founded Instapay and led its migrant-worker payments business., Instapay secured $4.75 million Series A and $3 million Series A2 rounds in 2022 and 2025.

## Career timeline

- **2008** — Joined Fullerton Securities as a founding member following HSBC and Standard Chartered roles.
- **2012** — Appointed chief executive of Fullerton’s Indian securities and wealth advisory business in April.
- **Before 2017** — Served as Business Head - Affluent Segment at Dunia Finance; exact dates unverified.
- **2017** — Began as Instapay co-founder and CEO in December according to Crunchbase.
- **2019** — Instapay began market operations in Malaysia according to company releases.
- **2020** — Instapay announced Mastercard and Ria partnerships.
- **2022** — Instapay raised a $4.75 million Series A and powered Glyd’s October launch.
- **2024** — Announced a December CBI partnership for migrant-worker payroll services in the UAE.
- **2025** — Instapay raised a $3 million Series A2 and joined CB Insights’ Fintech 100.
- **2026** — Instapay Japan incorporated April 27 with Kumar as representative director; Reachful MOU followed in July.

## Achievements

- Appointed Fullerton Securities & Wealth Advisors CEO in 2012.
- Co-founded Instapay and led its migrant-worker payments business.
- Instapay secured $4.75 million Series A and $3 million Series A2 rounds in 2022 and 2025.
- Instapay joined CB Insights’ Fintech 100 in October 2025.
- Instapay reported a Mastercard Malaysia Customer Forum 2025 Leadership Award in the prepaid-volume category.
- CFA charterholder.

## Latest updates

- **2026-07** — Signed Reachful Malaysia MOU to explore wallet cash deposits and cardless withdrawals; proposed collaboration.
- **2026-04** — Instapay Japan incorporated April 27, naming Kumar representative director.
- **2025-10** — Instapay announced CB Insights Fintech 100 inclusion on October 23.
- **2025-06** — Instapay announced $3 million Series A2 funding.

## Links

- Website: https://instapaytech.com/
- LinkedIn: https://www.linkedin.com/in/rajnishkr/

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Profile page: https://yespress.io/rajnish-kumar
Published by YesPress — https://yespress.io
Last updated: 2026-10-14