Miguel Cordon · · 1 min readSurge pours $2m in first accelerator participant from MY
Iimmpact, a Malaysian fintech startup, has scooped up US$2 million in seed money from Sequoia India’s Surge accelerator.
The Iimmpact team / Photo credit: Iimmpact
Established in 2017, Iimmpact’s platform helps businesses make payments available to over 170 billers. The API solution has bill management features for recurring payments, among others.
“Companies of any size can, with minimal effort, launch digital payment products for their customers, such as phone top-ups, utilities payment, gaming, transportation, corporate gifting, food and beverage vouchers, and more,” the company wrote in a statement.
The startup said that its tech platform has processed over US$90 million in transaction value, helping its clients grow and maintain their customer base.
Iimmpact was founded by CEO Alex Tan and chief technology officer Kelvin Lee. Tan previously served as a data analyst for the Royal Melbourne Institute of Technology University, while Lee was the former head of engineering at clinical communication app Circles.MD.
See also: 50 rising startups in Southeast Asia
The startup was recently part of the sixth cohort of Surge, which was announced last month. Iimmpact was the first Malaysian firm to take part in the accelerator.
Editing by Lorenzo Kyle Subido
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