What is MyTM?
Founded in 2018, MyTM operates as the first Islamic FinTech company, dedicated to revolutionizing mass transit e-ticketing, branchless banking, and microfinance services through an extensive agent network. The company has strategically expanded its service portfolio to include Payment pull (e-POS), Visa/Mastercard acceptance, and a robust payment gateway. This comprehensive approach positions MyTM as a key player in bridging the gap between traditional finance and digital solutions, particularly within the Islamic financial ecosystem.
How much funding has MyTM raised?
MyTM has raised a total of $6.9M across 1 funding round:
Angel/Seed
$6.9M
Angel/Seed (2022): $6.9M with participation from PEX International, My Petroleum, Loyal VC, 100K Ventures, and United Seven Hills Venture
Key Investors in MyTM
PEX International
PEX International, a Singapore-registered company, is a significant supplier of steel electrical conduit systems, serving the global construction industry's Mechanical and Electrical (M&E) sector through an established distributor network.
My Petroleum
My Petroleum is a leading Pakistani distributor and marketer of high-quality petrochemical products, including fuels and EV chargers, committed to innovation and sustainable energy solutions.
Loyal VC
Loyal VC is a diversified evergreen venture fund that invests in early-stage companies from global networks, offering accredited investors flexible unit trading and co-investment opportunities.
What's next for MyTM?
With the recent infusion of major strategic capital, MyTM is poised for accelerated growth and market penetration. The enterprise-level funding suggests a focus on scaling operations, enhancing technological infrastructure, and potentially expanding its geographical reach. Future developments are likely to center on solidifying its position in e-ticketing and microfinance, while further integrating advanced payment solutions. The company's strategic direction will likely involve leveraging its unique Islamic FinTech model to capture a larger share of the market and introduce innovative financial products.
See full MyTM company page
