Cashku, a digital platform from Malaysia that helps people manage their finances, has raised RM 10 million (US$2.4 million) in a new investment round led by well-known investors.
The firm said in a statement on Monday that the shareholders include Tunku Zain Al-‘Abidin Tuanku Muhriz, founding president of the Institute for Democracy and Economic Affairs (IDEAS) and also a member of the Negri Sembilan royal family; Ali Abdul Kadir, former Securities Commission Chairman; 1337 Ventures spearheaded by Bikesh Lakhmichand; and private equity professionals from Britain.
The money raised will help Cashku speed up its plans to offer a single platform for financial planning, where Malaysians can bring together their unit trusts, managed funds, and retirement plans in one place.
Cashku said the investment shows that investors believe in its goal to make financial planning easy and accessible for everyone in 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.
Raevendren said the funding will allow the firm to enhance its technology, scale outreach, and continue building a trusted, advisor-led platform for financial empowerment.
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“We’re not just building an app—we’re building a movement that redefines how Malaysians engage with money,” he added.
Cashku said the firm addresses a critical gap in Malaysia, offering both planning and execution, claiming to be the only end-to-end digital financial planning platform that combines digital advisory, goal-setting and execution into one experience.
The company noted that the digital wealth market is growing fast, with major developments showing its strength. For example, Japan’s biggest bank, MUFG, bought Wealthnavi, a top robo-advisory platform, for just over $660 million this year. At the time, Wealthnavi managed about $8.7 billion in assets, making the deal roughly 8% of its total assets.
Cashku sees these events as proof of strong growth and investor confidence in digital wealth platforms worldwide—an encouraging environment as it prepares for its Series A funding.
With a clear mission, respected investors, and a fast-growing market, Cashku says it is committed to helping Malaysians achieve financial freedom.
“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.
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