Cashku gets US$2.4mil funding to scale its digital financial planning platform

• Mission to ensure Malaysians have a financial plan in place & help them execute it
• Accelerating digital wealth market bodes well for Cashku as it gears up for its Series A

Cashku, which claims to be Malaysia’s first end-to-end digital financial planning platform, has announced a new US$2.4 million (RM10 million) round of investment with shareholders including Tunku Zain Al-‘Abidin Tuanku Muhriz. founding president of the Institute for Democracy and Economic Affairs (IDEAS) and also a member of the Negri Sembilan royal family, Ali Abdul Kadir, former Securities Commission Chairman, 1337 Ventures spearheaded by Bikesh Lakhmichand, and private equity professionals from Britain. The funding reflects investor conviction in Cashku’s mission to democratize financial planning and execution nationwide in Malaysia.

“We’re proud to back Cashku as they scale their mission to transform financial planning in Malaysia. At 1337 Ventures, we’re always looking to invest in AI, FinTech, RegTech and startups solving real problems. Cashku embodies this vision by making financial planning accessible to all, and we’re excited to support their growth journey,” said Bikesh, Founding Partner of 1337 Ventures.

The funds raised will accelerate Cashku’s ability to provide a unified platform for financial planning, where Malaysians can consolidate their unit trust portfolios, managed funds and retirement plan.

Raevendren Ramachandran, Co-founder and CEO of Cashku said, “We are honoured to have the trust of such highly respected investors. Our mission truly is to ensure every Malaysian has a financial plan in place and help them execute it, thereby empowering them on their path to financial freedom.”

Raevendren said the funding will allow it to enhance its technology, scale outreach, and continue building a trusted, advisor-led platform for financial empowerment. “We’re not just building an app—we’re building a movement that redefines how Malaysians engage with money.”

Cashku said it addresses a critical gap in Malaysia, offering both planning and execution, claiming to be the only end-to-end digital financial planning platform that combines digital advisory, goal-setting and execution into one experience.

The digital wealth market is accelerating, with landmark developments underscoring its strength. MUFG, the largest bank in Japan, acquired Wealthnavi, Japan’s leading robo-advisory platform for just over US$660 million (RM2.77 billion) this year. Wealthnavi’s assets under management (AUM) at the time were approximately US$8.7 billion, reflecting a transaction value of approximately 8% of AUM.

[RM1 = US$0.238]

Cashku points to these developments as clear evidence of strong momentum and investor confidence in the digital wealth space globally – a backdrop that aligns perfectly for Cashku as it gears up to raise its Series A.

Backed by a clear mission, reputed investors and a rapidly growing market, Cashku remains steadfast in its path to enabling Malaysians on their journey towards financial freedom.