Founded in April 2020, MADCash stands for Multiply, Assist, Donate Cash and the startup funds and grows unbanked and underbanked women entrepreneurs, aiming to create an alternative credit scoring to increase their future bankability.
The company runs on a proprietary technological platform that allows donors to contribute and see whom their funds are helping at any time, and enables the seamless process of micro-funding application, approval, onboarding, disbursement and of course - repayment monitoring.
To help take MADCash to the next stage, the startup announced a pre-series A funding round of RM5 million in October. The round was led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.
On this episode of Open For Business, you will learn about MADCash’s mission, the business model that powers all this, and what the future holds for the platform.
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Open For Business