Petaling Jaya, 20 January 2025 - KAF Digital Bank Consortium, of which CARSOME Group is a part, is now actively seeking Beta testers for its application. This milestone marks the beginning of a transformative journey to revolutionize how Malaysians engage with their finances.

The consortium which includes  KAF Investment Bank, StoreHub, Jirnexu, and MoneyMatch brings together diverse expertise to introduce seamless, personalized digital banking solutions designed to empower Malaysians in managing their finances.

Here’s a short introduction of the KAF partners:

1. KAF Investment Bank: As a leading financial institution, KAF Investment Bank leverages its expertise to offer comprehensive investment solutions and financial advisory services.

2. CARSOME:  As Southeast Asia’s largest integrated car e-commerce platform, CARSOME brings its expertise in building trust, transparency, and seamless user experiences to the KAF Digital Bank Consortium.

3. Jirnexu (RinggitPlus): Known for its comprehensive financial comparison tools, RinggitPlus empowers Malaysians by helping them make informed financial decisions about various financial products.

4. MoneyMatch: Specializing in cross-border payments and remittances, MoneyMatch brings its expertise in financial technology to this collaboration.

5. StoreHub: A dynamic platform providing businesses with tools to streamline operations and enhance customer engagement.

CARSOME’s commitment to fostering financial inclusion drives this partnership, which aims to enhance the digital banking experience for those facing challenges in financial management and accessing banking services, particularly in remote and underserved communities across Malaysia. By leveraging CARSOME’s ability to create ecosystems that simplify complex journeys, the Group aims to help shape a financial platform that is innovative, accessible, and user-centric. 

“At CARSOME, we have seen firsthand the impact financial access can have on individuals and businesses. Joining the KAF Digital Bank Consortium is a natural extension of our efforts through CARSOME Capital to drive financial inclusion.

“We hope that the Beta testing phase will give Malaysians the opportunity to understand and contribute to a platform designed to simplify financial management and empower people from all walks of life,” said CARSOME Group’s Co-founder and Chief Executive Officer, Eric Cheng. 

For more information or to participate in the Beta Programme visit ONZ powered by KAF Digital Bank.