First fintech in Malaysia to receive highest possible issue ratingBoost, the fintech arm of Axiata, recently achieved a milestone by becoming the first digital financier in Malaysia to be upgraded to the highest investment-grade issue rating of AAA by RAM Ratings. The upgrade is based on its Senior Notes’ fully cash-backed position.
“We are thrilled to once again raise the bar for the fintech industry, and it’s an honour to receive further market validation for the quality of our financing portfolio. This upgraded rating serves as a strong endorsement to our digital financial services, which has been positively operating at scale.
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Malaysia's HealthMetrics makes strategic investment into Indonesia's Across Asia AssistAAA Indonesia, a leading third-party administrator in Indonesia with regional presence Investment to spur corporate membership growth to over 2 mil members & policy holders Healthcare technology company, HealthMetrics Sdn Bhd, announced last week a strategic investment in PT. AA International Indonesia, for an undisclosed sum. Founded in 2007, PT.AA International Indonesia, operates Across Asia Assist (AAA) Indonesia, a leading third-party administrator (TPA) and international medical assistance company with presence in Indonesia, Malaysia, Singapore, Hong Kong and Taiwan.
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ScaleUp Malaysia announces Cohort IV with over US$600k invested into 7 companiesInvestments set to bolster innovation in Malaysia's digital economy Six to receive US$100k each, 7th will receive strategic investment ScaleUp Malaysia has announced investments into seven innovative companies for its Cohort IV. The upfront investments for its accelerator program marks a significant milestone for ScaleUp Malaysia, as it usually announces investments at the end of the program. 'We are delighted to welcome Cohort IV,' said Andre Sequerah (pic), Managing Partner at ScaleUp Malaysia.
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