About MyMy
MyMy is a Financial Services company based in Kuala Lumpur (Malaysia) founded in 2000 by Joe McGuire, Allen Goodwin, and Kishore Samuel. It operates as a prepaid card and mobile app. MyMy has raised $3.34 million across 2 funding rounds from investors including Koperasi Tentera. Its chief executive is Joe McGuire. Its focus areas include FinTech, Payments, Consumer Payments and Payment Cards. Its competitors include MYTouchnGo, Silverlake Global Payments, FilsPay, TravelFrenz and beezpay and 2 more.
Company details
MyMy was founded in 2000 in Kuala Lumpur, Malaysia, within the fintech sector focused on prepaid debit cards. Local currency payments are facilitated through the cards, while a companion mobile app provides transaction insights, enables disabling of activities, allows PIN resets, and supports reporting of stolen cards. Operations center on secure financial management tools for users in the region.
- Net Profit-$770.94 K (USD)-6as on Jun 30, 2023
- EBITDA-$770.94 K (USD)-6as on Jun 30, 2023
- Total Equity Funding$3.34M (USD)
in 2 rounds
- Latest Funding Round$2.43M (USD), Series A
Sep 2020
- Investors
Funding Insights of MyMy
MyMy has successfully raised a total of $3.34M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.43 million completed in September 2020. 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.
- Total Funding $3.34M
- Total Rounds 2
- Last Round Series A — $2.43M
- First Round $915,235
(May 2019)
- Investors Count 1
All 2 funding rounds of MyMy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $2.43M | Series A | – | Koperasi Tentera | – |
| May 2019 | $915,235 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in MyMy
MyMy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Koperasi Tentera.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | katmb.com.my | - |
Investor details for MyMy
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People of MyMy
3 people are tracked at MyMy (3 in leadership).
| Name | Role | Group |
|---|---|---|
Joe McGuire | Co-Founder & CEO | Leadership |
Allen Goodwin | Co-Founder | Leadership |
Kishore Samuel | Co-Founder | Leadership |
Complete people profiles for MyMy
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Timeline of MyMy
3 dated milestones of MyMy across 20 years, from founding to its latest funding, stage changes and deals.
- Founded MyMy is founded.
- Funding First funding round of $915K.
- Funding Latest funding round, Series A, of $2.4M.
Competitors of MyMy
MyMy has 7 listed competitors in our database. They include MYTouchnGo, Silverlake Global Payments, FilsPay, TravelFrenz and beezpay, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| touchngo.com.my | 1996 | Kuala Lumpur, Malaysia | – | – | Prepaid cards and e-wallet services are provided for various payments. | |
| silver-payments.com | 2012 | Petaling Jaya, Malaysia | – | – | Provides white-label card solutions for financial institutions and businesses. | |
| filspay.com | 2008 | Kuala Lumpur, Malaysia | – | – | Provides online payment solutions using prepaid cards for businesses. | |
| travelfrenz.com | 2019 | Sepang, Malaysia | – | – | Manages consumer-focused rewards programs in the travel industry. | |
| beezpay.com | 2017 | Kuala Lumpur, Malaysia | – | – | Offers prepaid cards designed for unbanked individuals. | |
| gethappy.my | 2018 | Bayan Lepas, Malaysia | – | – | Provides a digital prepaid card for secure payments. | |
| tunemoney.com | 2007 | Kuala Lumpur, Malaysia | – | – | Offers prepaid and loyalty card solutions. |
Detailed competitors of MyMy
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as MyMy (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Mymy
Complete news archive for MyMy
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Frequently Asked Questions about MyMy
MyMy was founded in 2000 and raised its 1st funding round 19 years after it was founded.
MyMy is headquartered in Kuala Lumpur, Malaysia.
Joe McGuire is the current CEO of MyMy. They have also founded this company.
MyMy is a funded company, having raised a total of $3.34M across 2 funding rounds to date. The company's 1st funding round was a Seed of $915.24K, raised on May 2019.
MyMy was founded in 2000 in Kuala Lumpur, Malaysia, within the fintech sector focused on prepaid debit cards. Local currency payments are facilitated through the cards, while a companion mobile app provides transaction insights, enables disabling of activities, allows PIN resets, and supports reporting of stolen cards. Operations center on secure financial management tools for users in the region.
MyMy's top competitors include MYTouchnGo, Silverlake Global Payments and FilsPay.
MyMy has 1 investor. Key investors include Koperasi Tentera.