Jirnexu

Jirnexu Sdn Bhd is a Malaysian financial-technology company headquartered in Kuala Lumpur. It developed from a consumer-facing financial comparison business into a broader technology provider for financial institutions. Its origins date to 2012, when former Citi banker Yuen Tuck Siew and James Barnes founded RinggitPlus.com, a website designed to help Malaysian consumers compare and apply for products such as credit cards, home loans, car loans, investments, and insurance. The service was officially launched in 2013. In 2014, RinggitPlus.com merged with SaveMoney.my, an online information portal founded by Liew Ooi Hann and Lucas Ooi. SaveMoney.my covered financial products as well as selected consumer categories including telecommunications, travel, and shopping. Following the merger, Saving Plus Sdn Bhd was incorporated, while RinggitPlus.com continued operating as the consumer comparison brand. Saving Plus adopted the name Jirnexu in 2016. The company has explained the name as meaning “prosper” in Maltese. The rebrand accompanied a widening of the business beyond comparison and referral activity. Jirnexu introduced XpressApply, an online application and customer-relationship-management technology intended to support financial institutions across several stages of the customer journey, including marketing, acquisition, fulfilment, and retention. The company therefore operates through both business-to-consumer and business-to-business activities. On the consumer side, its services help users discover, compare, and apply for financial products. On the enterprise side, it supplies technology and related capabilities to financial institutions seeking to digitize customer acquisition and application workflows. The company’s publicly described geographic footprint includes Malaysia and Indonesia. Jirnexu has received backing from a number of venture-capital and strategic investors, including SBI Group, Celebes Capital, NTT DoCoMo Ventures, Nullabor, Tuas Capital Partners, Anfield Equities, Digital Media Partners, Gobi Partners, OSK Ventures International Berhad, and private investor Steve Melhuish. In October 2017, the company reported total funding of US$8 million. No current ownership structure, public-market listing, revenue figures, or more recent funding total is established in the supplied reference material. Jirnexu is best understood as a fintech platform serving two connected markets: consumers seeking clearer access to financial products and financial institutions seeking digital tools for distribution and customer management. Its consumer comparison heritage remains associated with RinggitPlus.com, while the Jirnexu corporate identity emphasizes technology infrastructure and financial-services enablement.

Jirnexu originated in Malaysia’s emerging online financial-comparison sector. In 2012, Yuen Tuck Siew, a former Citi banker, and James Barnes founded RinggitPlus.com. The service was officially launched in 2013 and enabled consumers to compare and apply for a range of financial products, including credit cards, home loans, car loans, investments, and insurance schemes. Its model addressed the difficulty of navigating a fragmented financial-services market by presenting product information and application pathways through a digital platform. A second strand of the company’s history came from SaveMoney.my, an online portal founded in 2012 by Liew Ooi Hann and Lucas Ooi. SaveMoney.my published information about financial products and also covered consumer areas such as mobile phones, travel, and shopping. In 2014, RinggitPlus.com merged with SaveMoney.my. The resulting corporate entity was incorporated as Saving Plus Sdn Bhd, while RinggitPlus.com remained the principal consumer-facing comparison website. The next major transition occurred in 2016, when Saving Plus rebranded as Jirnexu. The new name was described as meaning “prosper” in Maltese. The change reflected a strategic expansion beyond consumer comparison and lead generation. Jirnexu launched XpressApply, a digital application and customer-relationship-management technology intended to help financial institutions manage customer interactions and applications. Jirnexu’s business consequently developed two complementary sides. Its business-to-consumer operations provide comparison, recommendation, and application services for financial products. Its business-to-business operations provide technology for financial institutions across marketing, customer acquisition, fulfilment, and retention. The company has described Malaysia and Indonesia as its operating markets, giving it a Southeast Asian rather than exclusively Malaysian orientation. The company’s growth was supported by outside investment. Reported backers include SBI Group, Celebes Capital, NTT DoCoMo Ventures, Nullabor, Tuas Capital Partners, Anfield Equities, Digital Media Partners, Gobi Partners, OSK Ventures International Berhad, and private investor Steve Melhuish. In October 2017, Jirnexu reported total funding of US$8 million. The available reference material does not establish later financing, a public listing, current senior management, revenue, profitability, or a definitive current ownership structure. Historically, Jirnexu’s significance lies in the combination of a recognizable consumer comparison service, RinggitPlus.com, with software intended for use by banks and other financial institutions. This combination allowed the company to participate both in consumer financial discovery and in the infrastructure supporting digital distribution and customer management. Its rebrand marked the point at which the company presented itself primarily as a broader fintech technology business rather than only as a comparison website.

• 2017

  Reported cumulative funding of US$8 million

  [1]Jirnexuen.wikipedia.org

  Jirnexu reported total funding of US$8 million in October 2017.

• 2016

  Rebrand to Jirnexu and launch of XpressApply

  [1]Jirnexuen.wikipedia.org

  Saving Plus adopted the Jirnexu name and launched XpressApply, extending the business into application and CRM technology for financial institutions.

• 2014

  Merger with SaveMoney.my

  [1]Jirnexuen.wikipedia.org

  RinggitPlus.com merged with SaveMoney.my, after which Saving Plus Sdn Bhd was incorporated.

• 2013

  RinggitPlus.com officially launched

  [1]Jirnexuen.wikipedia.org

  The website began enabling consumers to compare and apply for credit cards, loans, investments, and insurance products.

• 2012

  RinggitPlus.com founded

  [1]Jirnexuen.wikipedia.org

  Yuen Tuck Siew and James Barnes founded the Malaysian financial comparison venture that became associated with RinggitPlus.com.

A Southeast Asian fintech platform combining consumer financial-product comparison with business-to-business technology for financial institutions.

• Consumer financial comparison platform · 2013

  RinggitPlus.com

  RinggitPlus.com is Jirnexu’s Malaysian consumer-facing comparison and application website. Launched in 2013, it allows users to review financial products and pursue applications through an online platform. The documented product categories include credit cards, home loans, car loans, investments, and insurance. The service represents the consumer-origin side of Jirnexu’s business and connects product discovery with digital application journeys.

• Financial-services application and CRM technology · 2016

  XpressApply

  XpressApply is an online application and customer-relationship-management technology launched after the 2016 rebrand. It was designed for financial institutions and supports parts of the customer journey from marketing and acquisition through fulfilment and retention. The offering illustrates Jirnexu’s move from a comparison-led consumer model toward business-to-business fintech infrastructure.

• 2016

  Rebrand from Saving Plus to JirnexuStrategy

  Background

  The company was expanding beyond consumer comparison toward technology serving financial institutions.

  Action taken

  Saving Plus changed its name to Jirnexu and introduced XpressApply.

  Aftermath

  The business adopted a broader fintech identity spanning consumer services and business-to-business financial-services technology.

  Source

• 2014

  Merger with SaveMoney.myM&A

  Background

  RinggitPlus.com and SaveMoney.my were both digital services providing consumer information, with overlapping relevance to financial-product discovery.

  Action taken

  The businesses merged, and Saving Plus Sdn Bhd was incorporated while RinggitPlus.com continued as a comparison website.

  Aftermath

  The merger created the corporate foundation from which the later Jirnexu fintech platform developed.

  Source

1. 1Jirnexuen.wikipedia.org