Instapay raises $3m to expand digital payments and B2B remittances

Instapay Technologies, a Malaysian FinTech platform focused on inclusive financial services and digital payments, has raised $3 million in its Series A2 funding round.

The funding follows Instapay’s $4.75 million Series A round in September 2022, showing continued investor confidence and steady business growth.

Instapay will allocate the new capital to expand its digital product suite, cross-border payment infrastructure, and enter new regional markets. A key focus will be on scaling its foreign worker payroll ecosystem, a segment vital to financial inclusion in Malaysia, and advancing its Glyd Corporate Expense Management platform through the rollout of B2B remittance capabilities.