05/06/2024
BUSINESS TODAY
Malaysian Startups Compete Internationally, Clinch Top Places In Pitch Competition
In addition to the pitching competitions, two startups funded by Cradle, MoneyMatch and GOLOG, formed collaborations with UAE-based companies as part of their business missions to AIM Congress 2024. MoneyMatch, one of Cradle’s CIP300 recipients and Cradle Seed Ventures’ Investee, signed a Memorandum of Understanding (MoU) with Trade Foresight to explore the integration of cross-border payment solutions through a pilot test, engaging Trade Foresight’s clientele to facilitate transactions with anticipated monthly transaction volumes ranging from RM10 million to RM15 million. Meanwhile, GOLOG, which is also one of Cradle’s CIP300 recipients, signed an MoU with Royal Eficaz General Trading LLC of the UAE to attract and secure substantial investments with a target of USD150 million.
Two Malaysian startups, Foqcus Sdn Bhd and Qarbotech Sdn Bhd, who represented Malaysia’s delegation at the Annual Investment Meeting (AIM) Congress 2024 in Abu Dhabi, United Arab Emirates (UAE), have clinched the second and third positions in the AIM Startup Pitch Competition, signalling global in...
