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Malaysia Debt Ventures and Kenanga set up $73m fintech fund

Vehicle to enhance fintech companies at various stages, up to pre-IPO

MDV's CEO, Nizam Mohamed Nadzri, says internet-only banks and fintech companies in Malaysia have tremendous growth potential.   © Reuters

KUALA LUMPUR -- Malaysia Debt Ventures (MDV), a state-owned financier of technology and green startups in the country, and Kenanga Investment Bank on last Wednesday announced the creation of a fintech fund, with a target size of 300 million ringgit ($73 million).

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