What is MyTM?
Founded in 2018, MyTM positions itself 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 recently enhanced its service offerings by launching Payment pull (e-POS), enabling Visa/Mastercard acceptance, and a comprehensive payment gateway. This expansion into payment infrastructure highlights MyTM's commitment to providing accessible and integrated financial solutions, catering to a broad user base and reinforcing its market presence.
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 100K Ventures, United Seven Hills Venture, Loyal VC, PEX International, and My Petroleum
Key Investors in MyTM
100K Ventures
100K Ventures is an accelerator based in Flint, Michigan, focused on nurturing startups and entrepreneurs through mentorship and resources. They support emerging companies and entrepreneurs looking for guidance and growth opportunities.
Loyal VC
Loyal VC is a diversified venture fund that invests in early-stage companies from global networks, supported by a vast advisor network. They aim for collaborative and transparent venture capital experiences with a focus on impact and resilience.
PEX International
PEX International Pte Ltd is a Singapore-registered company and a major supplier of steel electrical conduit systems, serving the construction industry globally through an established distributor network.
What's next for MyTM?
The substantial enterprise-level investment signals a pivotal phase for MyTM, likely enabling aggressive scaling of its operations, further technological development, and expansion into new markets. The company's focus on Islamic finance principles, combined with its innovative digital solutions, positions it for significant growth. Future strategic initiatives may include broadening its microfinance reach, enhancing its payment gateway capabilities, and potentially exploring partnerships to further solidify its position in the FinTech landscape.
See full MyTM company page
