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HomeFunding Malaysia-Based Oretha secures $105,759 In Equity Crowdfunding

[FUNDING NEWS] Malaysia-Based Oretha secures $105,759 In Equity Crowdfunding

Malaysian elder care service Oretha Senior Care has announced the triumphant conclusion of its equity crowdfunding initiative, amassing MYR 499,200 ($105,759) in addition to co-investment from MyCIF.

This accomplishment, according to a statement released by Oretha elder Care on Wednesday, demonstrates the rising faith in the company’s objective to transform elder care services in Malaysia.

This crowdfunding round represented the public’s first chance to contribute to Oretha Senior Care.

The statement claims that the money raised would be used to open their first senior daycare facility in Petaling Jaya, increase the availability of senior concierge services, and launch senior assisted travel options.

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In order to guarantee that more elders profit from a more comprehensive approach to aging, the objective is to grow to five centers by 2026 and achieve nationwide scalability by 2028.

It is stated that there is an increasing demand for trustworthy senior care services due to Malaysia’s aging population, which is expected to reach 15.3 percent (5.8 million people) by 2030.

Read also- Mumbai-Based Watch Your Health Raises $5 Million In series A Round Funding

In order to meet this challenge, Oretha Senior Care is developing into a one-stop shop that offers a wide range of services, such as travel, long-term care, childcare, concierge, and senior home care.

“The funds will help us expand our services, including operational aspects, transportation, and team training,This investment enhances our ability to provide top-quality care and support to the elderly,” said Oretha Herrera, Chief Executive Officer of Oretha Senior Care.

The money will go into growing the workforce of caregivers, improving technology to provide better services, launching new service offerings, and forging stronger ties with healthcare providers.

Since receiving its license from the Securities Commission in May 2019, the company has given high-growth companies a way to acquire cash while also allowing investors to engage in carefully screened, fast-growing companies.

About Oretha

Oretha‘s Senior Concierge Malaysia offers customizable non-medical care to independent elders. Today’s world has many families migrating abroad for business or future opportunities.

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