# Bayo Pay (M) Sdn Bhd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bayo-pay-m-sdn-bhd

- Industry: Software
- Headquarters: Petaling Jaya, Malaysia
- Website: www.bayo.my
- Total disclosed funding: $2.3M
- Latest round: Series A (Sep 23, 2024)
- Investors on record: 2

## About

Founded in 2016 and based in Petaling Jaya, Malaysia, Bayo Pay (M) Sdn Bhd., operates as an online platform that provides e-money and online payment solutions. In June 2023, Bayo Pay (M) Sdn Bhd raised MYR 10 million in a series A funding led by investor VentureTECH-SBI Ventures Malaysia Fund, with participation from investor VentureTECH.

Bayo offers platform-based payment system-as a-service solutions that include various financial and non-financial products along with system development, infrastructure setup, system integration, licencing applications, regulatory compliance, and operational solutions. The company offers Bayo Core Integration Gateway (BCIG) that integrates with various financial gateways and provides a mobile wallet application that allows users to check balances, transaction history, along with card management, loyalty management, remittance, budgeting, and analysis solutions.

The company plans to use the June 2023 funding to expand its market reach and product development.

## Funding rounds

- Series A, Sep 23, 2024, $2.3M — VentureTECH, SBI Ventures Malaysia

## Investors

- VentureTECH (https://capitalatlas.ai/funds/venturetech) — Series A
- SBI Ventures Malaysia (https://capitalatlas.ai/funds/sbi-ventures-malaysia) — Series A