Company:Jirnexu

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JIRNEXU
TypePrivate
IndustryFinancial Technology
Founded2012
Headquarters
Malaysia
Key people
Yuen Tuck Siew (Chief Executive Officer), Liew Ooi Hann (Chief Financial Officer), James Barnes (Chief Operating Officer), Lucas Ooi (Chief Commercial Officer & Head of Insurance), Cedric Viver (Chief Technology Officer, James Wong (Chief Business Development Officer)
ServicesOnline financial aggregator, customer lifecycle management
Number of employees
51 - 100 (2017)
Websitejirnexu.com

Jirnexu Sdn Bhd (Jirnexu) is a Southeast Asian financial technology startup headquartered in Kuala Lumpur, Malaysia.[1] The company provides technology to help financial institutions manage different stages of the customer journey: marketing, acquisition, fulfilment and retention.[2][3]

Business operations

Jirnexu provides banks, insurance and telecommunications companies with a full stack technology solution to help them manage the customer lifecycle from marketing through retention.[4] With a Southeast Asian focus, the company currently has both business-to-business (B2B) and business-to-consumer (B2C) operations in Malaysia and Indonesia.[5][6]

Companies working with Jirnexu include Citibank, HSBC, Standard Chartered, Alliance Bank, AEON, AIA, Zurich, Manulife, U4Life, BSN, RHB, and U Mobile.[1][7][8][9]

History & background

Jirnexu was formerly known as Saving Plus.[10]

In 2012, former Citi banker Yuen Tuck Siew, together with James Barnes founded RinggitPlus.com, a comparison and application website for financial products in Malaysia.[11][12] The website was officially launched in 2013 to allow comparison of and application for credit cards, home loans, car loans, investments and insurance schemes.[13][14]

In 2014, RinggitPlus.com merged with SaveMoney.my, an online portal that provides information on different credit cards, car loans, phone, travel and shopping in Malaysia.[15] SaveMoney.my was founded by Liew Ooi Hann and Lucas Ooi in 2012.[13] Following the merger, Saving Plus Sdn Bhd was incorporated while RinggitPlus.com continued to operate as a comparison website.[16]

In 2016, Saving Plus rebranded itself to Jirnexu;[5][7] the name means “prosper” in Maltese.[17] The company launched XpressApply, an online application and CRM technology as part of its business to provide financial institutions a channel to reach consumers digitally by handling banking product applications online.

Several venture capital firms have funded Jirnexu, including SBI Group, Celebes Capital, NTT DoCoMo Ventures, Nullabor, Tuas Capital Partners, Anfield Equities, Digital Media Partners, Gobi Partners, OSK Ventures International Berhad and private investor Steve Melhuish.[18][5][19][20] In October 2017, Jirnexu reported having total funding of US$8.0 million.[21][22]

Financial products

The financial products available for comparison on the websites include loans, credit cards, mortgages, saving accounts and insurance plans.[23][24][25] 25% of the existing products on RinggitPlus.com are Shariah-compliant.[20]

See also

References

  1. ↑ 1.0 1.1 Yong, Dion (2017-03-23). "Malaysia’s Jirnexu Closes Series A With US$4.5 Million For Full-Stack Fintech Software" (in en-US). Asia Finance. https://www.asia.finance/knowledge-vault/venture-capital-entrepreneur/malaysias-jirnexu-closes-series-a-with-us45-million-for-full-stack-fintech-software/. 
  2. ↑ "Fintech firm Jirnexu adds US$1.5M to its Series A, aims to complete Series B by early 2018" (in en-US). e27. https://e27.co/jirnexu-adds-us1-5m-series-aims-complete-series-b-early-2018-20170322/. 
  3. ↑ Graham, Ben (2017-03-23). "Full-stack FinTech provider Jirnexu closes Series A with $4.5m - Fintech Roundup" (in en-US). Fintech Roundup. http://fintechroundup.com/full-stack-fintech-provider-jirnexu-closes-series-35m/. 
  4. ↑ Zerucha, +Tony (2017-03-24). "Jirnexu closes $4.5M Series A". http://www.banklesstimes.com/2017/03/24/jirnexu-closes-4-5m-series-a/. 
  5. ↑ 5.0 5.1 5.2 Russell, Jon. "Southeast Asia financial comparison startup Jirnexu lands $3M to expand to digital banking services". https://techcrunch.com/2016/05/23/southeast-asia-financial-comparison-startup-jirnexu-lands-3m-to-expand-to-digital-banking-services/. 
  6. ↑ "Malaysians don’t just compare, they want to buy financial products online: Report" (in en). Digital News Asia. 2016-08-25. https://www.digitalnewsasia.com/business/malaysians-dont-just-compare-they-want-buy-financial-products-online-report. 
  7. ↑ 7.0 7.1 "Southeast Asia Fintecher Jirnexu Raises $3M Series A Funding". 2016-05-24. https://www.crowdfundinsider.com/2016/05/86064-southeast-asia-fintecher-jirnexu-raises-3m-series-a-funding/. 
  8. ↑ "Jirnexu Ready to Fortify Digital Banking Services with $ 3 million fund - Startup World" (in en-US). Startup World. 2016-05-24. http://www.startupworld.com/news/jirnexu-ready-to-fortify-digital-banking-services-with-3-million-fund/. 
  9. ↑ "RHB launches chatbot for personal loans on Ringgitplus" (in en-US). Enterprise Innovation | Asia's Premier Business and Technology Publication. https://www.enterpriseinnovation.net/article/rhb-launches-chatbot-personal-loans-ringgitplus-1093532576. 
  10. ↑ "Cover Story: The accidental fintech firm". The Edge Markets. 2017-06-16. http://www.theedgemarkets.com/article/cover-story-accidental-fintech-firm. 
  11. ↑ Ting, Henry (2015-12-23). "Yuen Tuck Siew, Co-Founder of Saving Plus - The Asian Entrepreneur" (in en-US). The Asian Entrepreneur. http://www.asianentrepreneur.org/21863-2/. 
  12. ↑ Ramchandani, Nisha. "The rise and rise of chatbots" (in en). The Business Times. http://www.businesstimes.com.sg/technology/the-rise-and-rise-of-chatbots. 
  13. ↑ 13.0 13.1 Khoo, Jean (2015-05-19). "7 Financial Comparison Websites To Help You Make Wise Decisions In Malaysia" (in en-US). Vulcan Post. https://vulcanpost.com/243832/financial-comparison-websites-malaysia/. 
  14. ↑ "Smart Money on Siew Yuen Tuck | The Malaysian Reserve". https://themalaysianreserve.com/new/story/smart-money-siew-yuen-tuck. 
  15. ↑ "Consumer portals confident of US$1m revenue with tie-up" (in en). NST Online. 2014-11-25. http://www.nst.com.my/news/2015/09/consumer-portals-confident-us1m-revenue-tie. 
  16. ↑ "RinggitPlus.com and SaveMoney.my announce March merger" (in en). Digital News Asia. 2014-11-25. https://www.digitalnewsasia.com/sizzle-fizzle/ringgitpluscom-and-savemoneymy-announce-march-merger. 
  17. ↑ "Fintech startup Saving Plus rebrands to Jirnexu, raises US$3m Series A". 2016-05-24. http://www.themalaymailonline.com/tech-gadgets/article/fintech-startup-saving-plus-rebrands-to-jirnexu-raises-us3m-series-a. 
  18. ↑ "Fintech CRM Provider Rebrands as Jirnexu as $3m Series A Funding Announced | Finance Magnates" (in en-US). Finance Magnates | Financial and business news. 2016-05-24. http://www.financemagnates.com/fintech/news-2/fintech-crm-provider-rebrands-jirnexu-3m-series-funding-announced/. 
  19. ↑ "Fintech funding round-up: 23 March 2017 » Banking Technology". http://www.bankingtech.com/777202/fintech-funding-round-up-23-march-2017/. 
  20. ↑ 20.0 20.1 "Malaysian fintech Jirnexu closes $4.5M Series A round, kicks off Series B discussions - DealStreetAsia". http://www.dealstreetasia.com/stories/68185-jirnexu-seriesa-dmp-68185/. 
  21. ↑ "Malaysia’s Jirnexu raises $1.5 million for fintech software". 2017-03-22. https://venturebeat.com/2017/03/22/malaysias-jirnexu-raises-1-5-million-for-fintech-software/. 
  22. ↑ Ellis, Jack. "Fintech solutions startup Jirnexu nets $2m in pre-series B funding" (in en-US). https://www.techinasia.com/jirnexu-pre-series-b. 
  23. ↑ "InsurTech and FinTech Players Join Forces | SME Magazine" (in en-US). http://smemagazine.asia/2017/02/insurtech-and-fintech-players-join-forces/. 
  24. ↑ "Should you switch from savings to fixed deposit?" (in en-US). Free Malaysia Today. http://www.freemalaysiatoday.com/category/money/2014/04/15/should-you-switch-from-a-savings-account-to-a-fixed-deposit/. 
  25. ↑ "How Malaysia’s top financial comparison site plans to dominate Southeast Asia" (in en-US). https://www.techinasia.com/ringgetplus-jirnexu-malaysia-funding. 

External links




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