The Swipey team

Malaysia-based fintech startup Swipey has secured undisclosed funding from 1337 Ventures as part of its broader funding plan.

“With the support we have received from 1337 Ventures, we have been able to advance our platform and continue automating financial processes for Malaysian businesses,” Kalyana ‘Mohan’ Teagarajan, CEO and co-founder of Swipey, said in a press statement.

“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 momentum needed as we gear towards pre-series A fundraising to build the products our customers need.”

Providing a CFO-in-a-box service, Swipey aims to help digital businesses manage their finances through a Finance Operating Platform that centralises and simplifies.

It enables businesses to spend smarter, reduce costs, and focus on scaling their success through unified banking and Fin-Ops solutions. The platform integrates innovative tools such as a spend management dashboard that provides real-time actionable insights, corporate Visa cards, and digital accounts payable for vendors and other operating expenses.

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Swipey said it has supported over 2,000 businesses, from Zus, Baskin Robbins, and BFM to Maxis and government agencies such as MyDIGITAL.

Swipey was funded by the 1337 Accelerator Fund I, which 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 supports innovative solutions across various industries.

This investment comes from Swipey winning MyFintech Week hosted by Bank Negara Malaysia.

In addition to its robust platform, Swipey has also formed strategic collaborations 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.

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Image Credit: Swipey