Catcha Digital has acquired a majority stake in SaaS software provider Nexible Solutions while 1337 Ventures is leading the TeXnovasi accelerator programme in Malaysia.
Catcha Digital acquires 51% of Nexible Solutions
Malaysian investment holding firm Catcha Digital has acquired a 51% stake in Nexible Solutions, a provider of B2B SaaS software solutions, for 11.4 million ringgit (about $2.6 million), according to an announcement.
The acquisition, which will be paid in four tranches, marks Catcha’s expansion into the IT sector, particularly in SaaS and artificial intelligence solutions.
Nexible’s flagship product Outperform enables businesses, particularly those in the real estate sector, to manage leads and customer relationships.
The deal allows Catcha Digital to offer its digital advertising solutions to Nexible’s existing customer base, among others. Catcha focuses on operating businesses in the digital media, advertising, and software industries.
1337 Ventures to lead TeXnovasi Accelerator
Malaysia’s 1337 Ventures is leading the TeXnovasi Accelerator, a six-month programme launched by GXBank and Grab Malaysia with support from Cradle and MYStartup, according to an announcement.
The accelerator programme seeks to drive fintech innovation and address key financial challenges in Malaysia. It targets three areas: improving financial access for underserved communities and MSMEs, enhancing digital fraud detection and cybersecurity, and delivering efficient, personalised customer solutions.
1337 Ventures, established in 2021, is a Malaysian venture capital firm that invests in pre-seed and seed-stage startups. It launched Malaysia’s first accelerator programme.
