Jirnexu is a technology company.
Jirnexu has raised $31.0M across 2 funding rounds.
Jirnexu has raised $31.0M in total across 2 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 $31.0M in total across 2 funding rounds.
Jirnexu's investors include SBI Ven Capital.
Jirnexu has raised $31.0M across 2 funding rounds. Most recently, it raised $10.0M Series B in December 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2018 | $10.0M Series B | SBI Ven Capital | |
| May 1, 2018 | $21.0M Series B | SBI Ven Capital |