A new $2.4 million investment round led by well-known investors has been announced by Cashku, an end-to-end digital financial planning platform with headquarters in Malaysia.
Tunku Zain Al-‘Abidin Tuanku Muhriz, the founding president of the Institute for Democracy and Economic Affairs (IDEAS) and a member of the Negri Sembilan royal family, Ali Abdul Kadir, the former chairman of the Securities Commission, 1337 Ventures, led by Bikesh Lakhmichand, and British private equity experts are among the shareholders, the company said in a statement on Monday.
The money raised will help Cashku quickly offer a single platform for financial planning, allowing Malaysians to combine their retirement plans, managed funds, and unit trust portfolios.
Cashku emphasised that the funding shows that investors believe in the company’s mission to democratise financial planning and execution across Malaysia.
“We are honored to have the trust of such highly respected investors,
“Our mission truly is to ensure every Malaysian has a financial plan in place and help them execute it, thereby empowering them on their path to financial freedom,” said Raevendren Ramachandran, Co-founder and Chief Executive Officer of Cashku.
According to Raevendren, the funding will enable the company to expand its outreach, improve its technology, and keep creating a reliable, advisor-led platform for financial empowerment.
“We’re not just building an app—we’re building a movement that redefines how Malaysians engage with money,” he added.
As the only end-to-end digital financial planning platform that integrates digital advisory, goal-setting, and execution into a single experience, Cashku claimed that the company fills a significant gap in Malaysia by providing both planning and execution.
It made clear that the digital wealth market is growing faster and stronger thanks to significant advancements.
This year, MUFG, Japan’s biggest bank, paid just over $660 million to acquire Wealthnavi, the country’s top robo-advisory platform.
Approximately $8.7 billion was Wealthnavi’s assets under management (AUM) at the time, which translates to a transaction value of about 8% of AUM.
As it prepares to raise its Series A funding round, Cashku views these developments as unmistakable proof of the robust momentum and investor confidence in the global digital wealth space.
Cashku stated that it is unwavering in its commitment to helping Malaysians achieve financial independence, supported by a well-defined mission, reputable investors, and a quickly expanding market.
“We’re proud to back Cashku as they scale their mission to transform financial planning in Malaysia. At 1337 Ventures, we’re always looking to invest in AI, FinTech, RegTech and startups solving real problems,
“Cashku embodies this vision by making financial planning accessible to all, and we’re excited to support their growth journey,” said Bikesh, Founding Partner of 1337 Ventures.
