Renamed from Savings Plus, Jirnexu today unveiled $3 million in funding raised.
Fintech technology startup Jirnexu – formerly Savings Plus – which caters to banks and insurance companies and is based in Southeast Asia, today announced that it has raised $3 million in Series A funding to help drive its expansion and product development into key markets including Malaysia and Indonesia and other countries in the region.
The round was led by venture capital firm DMP, based in Singapore, and joined by global investors Celebes Capital, NTT Docomo Ventures, Nullabor, Anfield Equities, Tuas Capital Partners, with participation from PropertyGuru Group CEO Steve Melhuish acting as a private investor.
The company - initially founded in Kuala Lumpur - also runs Ringgitplus.com, a financial comparison website in Malaysia, and Kreditgogo.com, based in Indonesia, in addition to the XpressApply product brand. The firm was previously known as Savings Plus before it was rebranded as Jirnexu. The new round brings the total funding to over $4.5 million.
Marketing and full stack CRM
Dmitry Levit, Partner at DMP, commented in a company statement regarding the deal: “Financial institutions operating in emerging markets have traditionally struggled with digital customer acquisition. In our view, Jirnexu has proven its ability to address this pain point, and has done so by building a full technology stack that manages the entire customer journey."
Mr. Levit added: "Jirnexu enables its business partners to be innovative in the way they generate Leads online, convert those leads into customers, handle their fulfilment and keep them loyal.”
Websites that the company owns have reached tens of millions of people, as per a company description.
Rebranded from Savings Plus
The company offers a full stack technology solution that helps firms manage all stages of their customer journey including acquisition, marketing, fulfillment and client loyalty which comprise an addressable market that Jirnexu says is worth $25 billion a year, as per data cited by IDC, EY, and Market Line.
Jirnexu’s Customer Relationship Management (CRM)) platform is described as a digital application management solution, under the name XpressApply, and takes traditional questions found on client agreements and applications and transforms them into online bitsize questionnaires that can be completed faster, helping to boost conversion rates.
Aimed at improved conversions
Jirnexu CEO Yuen Tuck Siew commented regarding the announcement: “Financial service institutions in Southeast Asia still rely on labour intensive customer acquisition practices. Expensive telesales, hard to manage direct sales agents, paper forms, long queues at bank branches, high rejection rates for minor errors – all of these make acquiring customers slow, inefficient and costly."
Mr. Siew added: "At Jirnexu, we offer comprehensive solutions for businesses to attract, retain and monetize connected consumers in high-growth markets.”
Fintech technology startup Jirnexu – formerly Savings Plus – which caters to banks and insurance companies and is based in Southeast Asia, today announced that it has raised $3 million in Series A funding to help drive its expansion and product development into key markets including Malaysia and Indonesia and other countries in the region.
The round was led by venture capital firm DMP, based in Singapore, and joined by global investors Celebes Capital, NTT Docomo Ventures, Nullabor, Anfield Equities, Tuas Capital Partners, with participation from PropertyGuru Group CEO Steve Melhuish acting as a private investor.
The company - initially founded in Kuala Lumpur - also runs Ringgitplus.com, a financial comparison website in Malaysia, and Kreditgogo.com, based in Indonesia, in addition to the XpressApply product brand. The firm was previously known as Savings Plus before it was rebranded as Jirnexu. The new round brings the total funding to over $4.5 million.
Marketing and full stack CRM
Dmitry Levit, Partner at DMP, commented in a company statement regarding the deal: “Financial institutions operating in emerging markets have traditionally struggled with digital customer acquisition. In our view, Jirnexu has proven its ability to address this pain point, and has done so by building a full technology stack that manages the entire customer journey."
Mr. Levit added: "Jirnexu enables its business partners to be innovative in the way they generate Leads online, convert those leads into customers, handle their fulfilment and keep them loyal.”
Websites that the company owns have reached tens of millions of people, as per a company description.
Rebranded from Savings Plus
The company offers a full stack technology solution that helps firms manage all stages of their customer journey including acquisition, marketing, fulfillment and client loyalty which comprise an addressable market that Jirnexu says is worth $25 billion a year, as per data cited by IDC, EY, and Market Line.
Jirnexu’s Customer Relationship Management (CRM)) platform is described as a digital application management solution, under the name XpressApply, and takes traditional questions found on client agreements and applications and transforms them into online bitsize questionnaires that can be completed faster, helping to boost conversion rates.
Aimed at improved conversions
Jirnexu CEO Yuen Tuck Siew commented regarding the announcement: “Financial service institutions in Southeast Asia still rely on labour intensive customer acquisition practices. Expensive telesales, hard to manage direct sales agents, paper forms, long queues at bank branches, high rejection rates for minor errors – all of these make acquiring customers slow, inefficient and costly."
Mr. Siew added: "At Jirnexu, we offer comprehensive solutions for businesses to attract, retain and monetize connected consumers in high-growth markets.”
Unlimit Jumps into Indian Payments Arena, Clinches RBI Approval
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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