Backed by a group of reputed strategic investors, the RM 10 million round will fuel Cashku’s mission to scale its digital financial planning platform across Malaysia
Cashku, Malaysia’s first end-to-end digital financial planning platform, has announced a new round of strategic investment led by distinguished shareholders including Tunku Zain Al-‘Abidin Tuanku Muhriz, former Securities Commission Chairman Datuk Ali Abdul Kadir, 1337 Ventures spearheaded by Bikesh Lakhmichand, and seasoned private equity professionals from the United Kingdom. The RM 10 Million raise reflects strong investor conviction in Cashku’s mission to democratize financial planning and execution nationwide.
“We’re proud to back Cashku as they scale their mission to transform financial planning in Malaysia. At 1337 Ventures, we’re always looking to invest in AI, FinTech, RegTech and startups solving real problems. Cashku embodies this vision by making financial planning accessible to all, and we’re excited to support their growth journey,” said Bikesh Lakhmichand, Founding Partner of 1337 Ventures.
The funds raised will accelerate Cashku’s ability to provide a unified platform for financial planning, where Malaysians can consolidate their unit trust portfolios, managed funds and retirement plan.
Cashku currently addresses a critical gap in Malaysia, offering both planning and execution. It’s the only end-to-end digital financial planning platform that combines digital advisory, goal-setting and execution into one seamless experience.
Co-Founder and CEO Raevendren Ramachandran strongly believes Cashku is building a movement,
“We are honoured to have the trust of such highly respected investors. Their belief in our mission strengthens our resolve to bring financial planning to every Malaysian—regardless of their income level or financial literacy. Our mission truly is to ensure every Malaysian has a financial plan in place and help them execute it, thereby empowering them on their path to financial freedom.
This strategic support enables us to enhance our technology, scale our outreach, and continue building a trusted, advisor-led platform for financial empowerment. We’re not just building an app—we’re building a movement that redefines how Malaysians engage with money.”
The digital wealth market is accelerating, with landmark developments underscoring its strength. MUFG, the largest bank in Japan, acquired Wealthnavi, Japan’s leading robo-advisory platform for just over $660 million this year. Wealthnavi’s assets under management (AUM) at the time were approximately $8.7 billion, reflecting a transaction value of approximately 8% of AUM.
These developments are clear evidence of strong momentum and investor confidence in the digital wealth space globally – a backdrop that aligns perfectly for Cashku as it gears up to raise its Series A. The company will continue to deepen its product capabilities, expand its nationwide reach and forge strategic partnerships — all with the goal of making financial planning accessible to every Malaysian. Backed by a clear mission, globally reputed investors and a rapidly growing market, Cashku remains steadfast in its path to enabling Malaysians on their journey towards financial freedom.
Read the orginal article: https://ffnews.com/newsarticle/funding/cashku-secures-rm-10-million-strategic-investment-to-power-malaysias-digital-financial-planning-revolution/
