About Finology
Finology is a company based in Kuala Lumpur (Malaysia) founded in 2010 by Jared Lim Chu Ern and Robin Ang. It operates as a API-as-a-Product, FinTech, and Two-Sided Marketplace. Finology has raised $1.26 million across 5 funding rounds from investors including Hong Leong Bank Berhad, Silverlake Group and The Hive Southeast Asia. Finology offers products and services including Loanplus, Coverplus, Loanstreet, Voicebot, and Docubot. Finology operates in a competitive market with competitors including Wefox, Numerated, Stubben Edge, Zywave and Ready Capital, among others.
- Headquarter Kuala Lumpur, Malaysia
- Founders Jared Lim Chu Ern, Robin Ang
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Finology Sdn Bhd
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Annual Revenue
$1.27 M (USD)56as on Dec 31, 2023
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Net Profit
-$128.25 K (USD)20as on Dec 31, 2023
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EBITDA
-$128.25 K (USD)20as on Dec 31, 2023
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Total Equity Funding
$1.26 M (USD)
in 5 rounds
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Latest Funding Round
Not available
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Investors
Hong Leong Bank Berhad
& 8 more
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Employee Count
Not available
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Products & Services of Finology
Finology offers a comprehensive portfolio of products and services, including Loanplus, Coverplus, Loanstreet, Voicebot, and Docubot.
Digital lending solutions are provided for seamless loan approvals.
Digital insurance solutions are offered for seamless purchase experiences.
A marketplace is provided for promoting financial products.
AI-powered voice solutions are delivered for customer engagement.
AI-driven documentation tools are offered for operational efficiency.
Funding Insights of Finology
Finology has successfully raised a total of $1.26M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Finology
Finology has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Hong Leong Bank Berhad, Silverlake Group and The Hive Southeast Asia.
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Early stage venture capital and co-creation studio services are provided.
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MTDC is engaged in technology investment for Malaysian SMEs.
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Startups are supported via a three-month acceleration program.
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Investor details for Finology
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Finology
Investment portfolio details for Finology
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Financial Statements - Finology
Detailed financials for Finology
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Finology Comparisons
Peer comparison for Finology
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Competitors of Finology
Finology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wefox, Numerated, Stubben Edge, Zywave and Ready Capital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based P&C insurance comparison platform for individuals
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Platform for digitizing credit policies
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Cloud-based management solutions are provided for insurance brokers.
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Cloud-based agency management solutions are provided for the insurance industry.
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Diversified lending NBFI
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Insurance agency management solutions are provided to the industry.
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Detailed competitors of Finology
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Latest news on Finology
Complete news archive for Finology
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Frequently Asked Questions about Finology
Finology was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Finology is headquartered in Kuala Lumpur, Malaysia.
Robin Ang is the current CEO of Finology. They have also founded this company.
Finology is a funded company, having raised a total of $1.26M across 5 funding rounds to date.
Annual revenue of Finology is $1.27M as on Dec 31, 2023.
Financial products are enabled to be accessible and seamless for customers through digital solutions. Digital lending and insurance experiences are provided with API-driven suites for instant loan approvals and insurance purchases. Customer engagement is transformed using AI-powered solutions to streamline operations. A consumer financial marketplace is operated to promote loans, insurance, and investments. Services are offered to banking, property, automotive, insurance, and digital industries.
Finology's top competitors include Wefox, Numerated and Stubben Edge.
Finology offers Loanplus, Coverplus, Loanstreet, Voicebot, and Docubot.
Finology has 9 investors. Key investors include Hong Leong Bank Berhad, Silverlake Group, The Hive Southeast Asia, MTDC, and Seedstars World.