# MyCash Online (SG) Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mycash-online-sg-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.mycashmy.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Sep 12, 2019)
- Investors on record: 2

## About

MyCash Online (SG) Pte. Ltd. is a financial technology company providing digital banking solutions tailored for unbanked and underbanked individuals in Southeast Asia, facilitating secure transactions and access to financial services.Established in 2016 and headquartered in Singapore, MyCash Online (SG) Pte. Ltd. specializes in providing digital financial solutions. The company was founded by A Shamrat, who has an extensive history in the fintech space. The firm has secured a total of 3 deals, with the latest funding round being a Series A round amounting to USD 1.53 mn, led by 500 Global on March 2, 2022. The total amount raised to date stands at USD 1.53 mn, and the current company valuation is USD 21.73 mn.MyCash Online focuses on delivering innovative digital banking services designed for individuals lacking access to traditional banking systems. These services include mobile wallets, remittance solutions, and payment processing tailored to the needs of unbanked and underbanked populations in Southeast Asia. The company aims to enhance financial inclusion by providing accessible and user-friendly financial tools, thus addressing the significant demand for such solutions in the region.In the most recent financial year, MyCash Online reported a revenue of USD 12,731,899.4, with an EBITDA of USD -79,282.8, reflecting the operational challenges faced in scaling their business model within the competitive fintech landscape.Looking ahead, MyCash Online plans to expand its product offerings and geographic footprint in Southeast Asia. The company is designing new features for its digital banking platform and aims to enter additional markets in the region by 2024. The recent funding from the Series A round will support these initiatives, facilitating the development of innovative solutions and enhancing the company's capacity to serve unbanked populations effectively.

## Funding rounds

- Series A, Sep 12, 2019, $1.5M — 500 Global, Pitch Nominees Sdn. Bhd.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Pitch Nominees Sdn. Bhd. — Series A