Swipey, a dynamic Malaysian fintech startup, is transforming modern digital businesses to manage their finances through a Finance Operating Platform.
With innovative solutions designed to centralise and simplify, Swipey empowers businesses to spend smarter, reduce costs, and focus on scaling their success through unified banking and Fin-Ops solutions. The company that provides a CFO-in-a-box had secured funding from 1337 Ventures as part of its broader funding plan which will enable Swipey to further its mission in delivering seamless and automated user-friendly financial tools and processes.
Swipey’s platform integrates innovative tools, including a spend management dashboard that provides real-time actionable insights, corporate Visa cards—both physical and virtual, and digital accounts payable for vendor and other operating expenses. By automating receipt capture, accounting integration and merchant control, Swipey enables businesses to close their financial books 5x faster.
Swipey empowers over 2,000 businesses ranging from local names like Zus, Baskin Robbins, and BFM, to major corporations like Maxis and government agencies such as MyDIGITAL, to enhance their financial operations.
The 1337 Accelerator Fund I aims to bridge the funding gap faced by early-stage startups in Malaysia. Managed by 1337 Ventures in partnership with seasoned angel investor Asgari Stephens and former JobStreet COO Suresh Thiru, the fund is dedicated to supporting innovative solutions across various industries. Swipey exemplifies this mission by addressing critical challenges in SME financial management. This investment comes on the back of Swipey winning MyFintech Week hosted by Bank Negara Malaysia.
Kalyana ‘Mohan’ Teagarajan, CEO and co-founder of Swipey, commented on the ongoing partnership with 1337 Ventures, stating
“With the support we’ve received from 1337 Ventures, we’ve been able to advance our platform and continue automating financial processes for Malaysian businesses. This funding has already played a key role in enabling us to empower businesses to manage their finances more efficiently, allowing them to focus on scaling faster. This gives us the needed momentum as we gear towards pre-series A fund raise to build the products our customers need.”
“Supporting innovative startups like Swipey is crucial for the growth and sustainability of Malaysia’s startup ecosystem. Swipey’s solution is addressing a pressing need in the market, and we’re excited to help them scale and make a meaningful impact in the fintech space.”
Bikesh Lakhmichand, CEO & Founding Partner of 1337 Ventures
In addition to its robust platform, Swipey has also formed a strategic collaboration with various government agencies, including Malaysia Debt Ventures Bhd (MDV), a government agency focused on increasing governance and visibility into grants disbursed, further enhancing its service offerings to SMEs.
With the backing of 1337 Ventures, Swipey is poised for further growth and innovation in the fintech sector, ensuring Malaysian SMEs have the necessary tools for effective financial management.
As part of its ongoing commitment to nurturing innovative founders, 1337 Ventures recently launched the 1337 Capital Fund 1 in 2024. Entrepreneurs seeking VC funding and strategic support are invited to pitch their startups at Pitch Tuesday by booking a slot at https://1337.ventures/pitch-tuesday
