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§ Private Profile · Jirnexu Sdn. Bhd., Level 25, Vertical Corporate Tower B, Avenue 10, Bangsar South No. 8, Jalan Kerinchi Kuala Lumpur, Selangor 59200, MY
Full-stack fintech solutions for financial institutions, managing customer journeys and B2C financial comparison tools.
Jirnexu, based in Kuala Lumpur, Malaysia, provides full-stack fintech solutions to financial institutions, assisting them in managing comprehensive customer journeys from initial marketing and acquisition through to fulfillment and long-term retention. The company's B2B services cater to banks and insurers, facilitating mobile-first lead generation and enhancing customer loyalty across its operational markets in Malaysia and Indonesia. Concurrently, Jirnexu develops and maintains B2C financial comparison tools, empowering consumers to make informed decisions and optimize their savings. The organization reported $19.5 million in revenue and maintains a workforce of 102 employees. Financially, Jirnexu closed an $11 million Series B funding round, following $8.0 million in total funding reported by October 2017. The company was established in 2016. Its business model centers on B2B SaaS for financial institutions and B2C consumer tools, funded through venture capital rounds.
Jirnexu has raised $35.5M across 4 funding rounds.
Jirnexu has raised $35.5M in total across 4 funding rounds.
Jirnexu is a full-stack fintech solutions provider based in Kuala Lumpur, Malaysia, specializing in customer acquisition and lifecycle management for financial institutions.[1][2][3] It builds platforms that enable banks, insurance companies, telecommunications, and e-commerce firms to generate online leads, convert them into customers, handle fulfillment, and drive retention through tools like financial product comparison sites (e.g., RinggitPlus) and CRM technologies such as XpressApply.[1][3][4] Serving major partners including RHB, Maybank, Citibank, HSBC, and insurers like Manulife and Allianz, Jirnexu solves the challenge of mobile-first customer engagement in Southeast Asia by streamlining digital applications and loyalty programs.[3][5] Founded in 2012, it has raised $29M in funding, with the latest Series B-II round of $10M five years ago, and operates in Malaysia and Indonesia with B2B and B2C models.[1][4]
Jirnexu traces its roots to 2012 when former Citi banker Yuen Tuck Siew and James Barnes launched RinggitPlus.com, a comparison and application site for Malaysian financial products like credit cards, loans, investments, and insurance.[4] That same year, Liew Ooi Hann and Lucas Ooi founded SaveMoney.my, another portal for credit card and loan comparisons.[4] In 2014, RinggitPlus merged with SaveMoney.my, forming Saving Plus Sdn Bhd while keeping RinggitPlus as the consumer-facing site.[1][4] By 2016, the company rebranded to Jirnexu—meaning "prosper" in Maltese—and introduced XpressApply, an online application and CRM tool, marking its shift to full-stack fintech solutions.[4] Early traction came from partnerships with banks and insurers, evolving from consumer comparison tools to enterprise lifecycle management amid Southeast Asia's digital finance boom.[3][5]
Jirnexu rides the wave of Southeast Asia's fintech explosion, fueled by rising smartphone penetration, underbanked populations, and demand for digital financial services in markets like Malaysia and Indonesia.[1][5] Its timing aligns with post-2010s regulatory sandboxes and mobile-first shifts, allowing banks to compete with neobanks via online acquisition tools.[3] Market forces like e-commerce growth and insurance digitization favor its lifecycle management, as traditional institutions seek tech to capture Gen Z and millennial consumers.[5] By powering comparisons and applications for dozens of partners, Jirnexu influences the ecosystem as a key enabler, bridging legacy finance with modern platforms and boosting regional financial inclusion.[2][4]
Jirnexu is poised for expansion beyond core markets, potentially deepening Indonesia operations or entering new ASEAN countries with its scalable full-stack model, especially as AI-driven personalization enhances retention tools.[1][4] Trends like embedded finance, open banking, and crypto integration—hinted by founders' recent ventures—could shape its evolution, building on $29M funding for product innovation.[1][4] Its influence may grow as a regional "Amazon of finance," empowering more institutions amid slowing funding winters, tying back to its origins in democratizing access to financial products for everyday users.[6]
Jirnexu has raised $35.5M in total across 4 funding rounds.
Jirnexu's investors include Ben Elliott GAICD, SBI Ven Capital, SBI, SBI Group, SIG Venture Capital, DMP, Gobi Partners, OSK Ventures International, Anfield Equities, Celebes Capital, NTT DOCOMO Ventures, Nullabor.
Jirnexu has raised $35.5M across 4 funding rounds. Most recently, it raised $10.0M Series B in December 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2018 | $10M Series B | BEN Elliott Gaicd | SBI VEN Capital, SBI | Announced |
| May 1, 2018 | $21M Series B | SBI Group | SBI VEN Capital, SIG Venture Capital | Announced |
| Mar 23, 2017 | $1.5M Venture Round | — | DMP, Gobi Partners, OSK Ventures International | Announced |
| May 23, 2016 | $3M Series A | DMP | Anfield Equities, Celebes Capital, NTT DOCOMO Ventures, Nullabor, Tuas Capital Partners | Announced |