1337 Ventures names 11 finalists for accelerator with RHB Banking

The 1337 Ventures team / Photo credit: 1337 Ventures

Malaysian VC firm 1337 Ventures and local financial services provider RHB Banking Group have announced the 11 finalists of their accelerator focused on startups driving digital adoption.

The RHB Xcelerator aims to link the bank with the region’s tech and startup ecosystem.

Selected startups for the program will be mentored by RHB business leaders and get paid for developing proof-of-concepts with the bank. The top two teams may also receive potential seed fundraising opportunities with the help of 1337 Ventures.

Nine of the companies are based in Malaysia, with the remaining two coming from Singapore.

See also: Has Malaysia’s largest VC lost its luster?

The 11 finalists of the program are:

Agiliux Cloud Insurance

Agiliux digitalizes the commercial insurance industry by providing software for insurance brokers.

Alfie Tech Asia

Alfie specializes in using alternative credit scoring (ACS) for microfinance. ACS integrates behavioral, digital, and financial data points to predict the credit risk of a borrower.

Du-it

Du-it offers flexible payment options that cater to its users’ budgets.

Moby