Malaysia-based MyCash Online (MC Online), a mobile-based remittance service for unbanked migrants, has launched a campaign on equity crowdfunding (ECF) platform pitchIN to raise 5 million ringgit ($1.2 million) at a pre-money valuation of 32.21 million ringgit ($7.91 million).
The fundraising is to increase the company’s paid-up capital to 5 million ringgit, which is mandatory to obtain an eMoney licence in Malaysia, news portal e27 reported on Friday.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
