SEA Digest: ScaleUp Malaysia, Quest to back 11 startups; MyMy partners Sukaniaga

Photo by Josh Appel on Unsplash

ScaleUp Malaysia and Singapore-based venture capital firm Quest Ventures on Tuesday announced they will invest a total of $680,185 in 11 companies. In a separate development, fintech firm MyMy Payments Malaysia and loan management solutions firm Sukaniaga have formed a consortium to bid for a digital banking license.

ScaleUp Malaysia, SG’s Quest Ventures to invest in 11 startups

ScaleUp Malaysia, a country-focused accelerator, and Singapore-based venture capital firm Quest Ventures on Tuesday announced they will invest a total of $680,185 in 11 companies they have selected in their Cohort 2 programme.

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