Malaysian fintech Instapay Technologies has raised $3 million in a Series A2 funding round led by US-based family offices and returning investor ACA Investments of Japan. The capital will accelerate Instapay’s product development and expansion into new markets, especially as it begins rolling out B2B remittance services via its Glyd Corporate Expense Management Platform.
CEO Rajnish Kumar said the funding marks a turning point for the company as it evolves beyond payroll-linked services for foreign workers and moves toward a broader cross-border remittance play. ACA’s partner Hajime Adachi echoed this sentiment, highlighting Instapay’s strong regulatory footing and momentum in Malaysia’s financial inclusion space.
Instapay provides mobile-linked Mastercards that streamline salary disbursements for migrant workers, helping employers stay compliant while giving employees secure, digital access to their earnings. The platform is regulated by Bank Negara Malaysia and has become a key financial bridge for underserved workers in the region.
With remittances playing a critical role in cross-border financial flows, Instapay’s entry into B2B transactions aims to position it as a trusted provider for companies needing fast, secure international transfers.