03/10/2023
Congratulations to our portfolio company, Mygetmadcash , who has successfully closed its Pre-Series A funding round! MADCash, short for Multiply, Assist, Donate Cash, is on a mission to empower unbanked and underbanked women entrepreneurs, with a goal of establishing an alternative credit scoring system to enhance their future financial accessibility 💰 💳
Jeffrey Seah, General Partner of MSW Ventures, Asia Fund X said, "In addressing the challenge of supporting the unbanked and underbanked, especially within the realm of micro-financed entrepreneurship, Nuraizah Shamsul Baharin has displayed a profound understanding of the intricate and evolving dynamics involving institutional and strategic stakeholders. She has crafted a program-based business model that holds the potential to unlock the aspirations of women entrepreneurs, offering them a path to self-sufficiency beyond mere sustenance. This marks my second investment in support of Nuraizah's MADCash, as she exemplifies the qualities we seek in an Asia Fund X founder."
This round is led by Artem Ventures, with strong backing from MSW Ventures Asia Fund X and ScaleUp Malaysia Accelerator Founders Fund. Learn more about this milestone: https://lnkd.in/gRi3VDea