What is MyTM?
Founded in 2018, MyTM has established itself as the premier Islamic FinTech platform, bridging the gap between traditional financial services and modern digital convenience. The company operates a multifaceted ecosystem that includes mass transit e-ticketing, branchless banking, and microfinance services, specifically focusing on loan lead generation through an extensive agent network. Recently, MyTM has expanded its operational footprint by launching e-POS solutions and payment gateway services that support Visa and Mastercard transactions. This strategic diversification allows the company to capture a larger share of the digital payment market while maintaining its core focus on Sharia-compliant financial inclusion. By integrating these services, MyTM effectively addresses the complex needs of both consumers and merchants in a rapidly evolving digital economy.
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 United Seven Hills Venture, Loyal VC, PEX International, 100K Ventures, and My Petroleum
Key Investors in MyTM
Loyal VC
Loyal VC is a diversified evergreen venture fund that provides accredited investors with the flexibility to buy or sell units quarterly, focusing on early investments in top founders from global networks like INSEAD.
PEX International
PEX International is a major supplier of steel electrical conduit systems, serving the global mechanical and electrical sector with an established distributor network across the Middle East, Africa, and Europe.
100K Ventures
100K Ventures is an accelerator based in Flint, Michigan, that provides resources, mentorship, and networking opportunities to nurture emerging startups and entrepreneurs.
What's next for MyTM?
Looking ahead, MyTM is poised to leverage its recent capital influx to solidify its market leadership and drive further innovation in the Islamic FinTech space. The strategic roadmap likely involves scaling its payment gateway infrastructure and deepening its penetration into the microfinance sector through enhanced data analytics and agent-led distribution models. As the company continues to integrate advanced payment technologies, it is expected to play a pivotal role in the broader digital transformation of the regional financial landscape. The focus will remain on operational excellence and the expansion of its service portfolio to meet the growing demand for secure, efficient, and accessible financial tools. With a strong foundation of investor support, MyTM is well-equipped to navigate the challenges of scaling in a high-growth market while maintaining its commitment to financial accessibility and technological advancement.
See full MyTM company page
