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KUALA LUMPUR: Axiata Group Bhd’s 75.43 per cent-owned subsidiary, Boost Holdings Sdn Bhd, and RHB Bank Bhd had subscribed 85 million new shares in Boost Bhd for RM85 million cash on Nov 3, 2023.
A fintech unit of Axiata Group Bhd., Malaysia’s biggest wireless firm by revenue, is weighing raising $50 million to $100 million in a new funding round, according to people with knowledge of the matter.
Boost Holdings Sdn Bhd, the financial technology arm of Axiata Group Bhd, and RHB Bank Bhd have executed share subscription agreements (SSA) to jointly subscribe to 100 million shares in newly incorporated Boost Bhd for RM100mil cash.
Over the past several years, digital and mobile banking and financial services have exploded across the world.
The Bank of Thailand is currently in the process of preparing to issue 3 Digital Banking Licenses Next Year