Experian leads US$10M funding in Malaysian fintech firm Jirnexu

Jirnexu Founders -(L)C. Vivier, J. Wong, J. Barnes, L. Ooi, H. Liew, YT Siew

Jirnexu Founders -(L)C. Vivier, J. Wong, J. Barnes, L. Ooi, H. Liew, YT Siew

December 3, 2018 – Posted at Yahoo! News - Malaysian fintech startup Jirnexu has announced that it has raised a US$10 million Series B follow-on investment led by global consumer crediting reporting agency Experian and existing investor Japan-based SBI Group.

In May this year, the company had clinched a US$11 million Series B funding led by SBI, with participation from SIG Asia Investments.

Experian said that the investment in Jirnexu is in line with the company’s strategy to bring financial inclusion to vast numbers of underserved consumers in Asia.

“In Asia, more than 1 billion people still have no access to formal financial services — meaning no formal employment, no bank account and no meaningful ability to engage in commerce online or offline,” said Ben Elliott, CEO Asia Pacific, Experian. More...