Malaysia based fintech solutions provider Jirnexu has closed a $4.5m Series A round led by DMP VC. Jirnexu’s full stack technology provides banks and insurance companies with a solution that manages every stage of the customer journey – marketing, acquisition, fulfilment and retention.
The company counts global and regional financial institutions such as Citibank, HSBC, Standard Chartered, AIA, Zurich, Manulife and U4Life, as well as local banks BSN and RHB, among its customers. Sales commissions for consumer banking and insurance products in Southeast Asia alone are worth US$25 billion per year according to Swiss Re sigma research. Jirnexu is also targetting the US$35 billion worth of multi-channel and distribution financial technology budgets in EMEA with an XpressApply white-label solution. XpressApply, Jirnexu’s proprietary platform, is the key technology driver within the full stack solution. XpressApply disrupts conventional methods of selling banking and insurance products, enabling financial institutions to offer unique value propositions to online and mobile-first consumers efficiently and at scale.