Malaysian Fintech Instapay Named to CB Insights’ 2025 Global Fintech 100

Instapay Technologies, a Malaysia-based fintech committed to driving financial inclusion for underserved communities, has been recognised among the world’s most promising private fintech companies in CB Insights’ 2025 Global Fintech 100 list.

The honour marks a significant milestone for Instapay, reflecting its growing influence in Southeast Asia’s financial ecosystem and its continuous mission to provide equitable access to financial services. The announcement comes shortly after Instapay successfully closed its $3 million (MYR 13 million) Series A2 funding round, which further strengthens its position as a key enabler of digital financial empowerment for the underbanked and migrant workforce.

Empowering Financial Inclusion Through Technology

Founded with a clear vision to enhance financial inclusion for migrant workers and low-income groups, Instapay has built a robust digital ecosystem that connects employers and employees through its innovative payroll and remittance platform.

The company’s core offering allows corporates to disburse salaries directly into workers’ Instapay e-wallets, offering them access to formal payment systems and helping them participate in the digital economy. With this system, migrant workers can manage their finances more securely, transfer money home effortlessly, and avoid the high transaction fees associated with traditional remittance services.

This digital-first approach not only streamlines payroll operations for employers but also empowers workers with tools to build financial independence, a crucial step toward long-term economic inclusion.

Recognition of Impact and Innovation

Instapay’s inclusion in CB Insights’ Fintech 100 list is more than a global acknowledgment—it is a validation of the company’s consistent efforts to blend innovation, accessibility, and social impact.

Rajnish Kumar, Co-founder and CEO of Instapay Technologies, expressed gratitude for the recognition:

“We are truly honoured to be listed among the top 100 fintechs in the world. This recognition validates the hard work and passion of our team, as well as the tangible difference we are making in the communities we serve. Our goal remains to continue developing innovative, affordable, and scalable financial solutions that empower the underserved.”

Through its Instapay e-wallet, users can access a range of essential financial services, including digital cross-border remittance, bill payments, mobile top-ups, and card-based transactions. The company also issues a Mastercard that enables global purchases and ATM cash withdrawals, further bridging the gap between traditional and digital financial systems.

Building the Future of Financial Infrastructure

According to Laura Kennedy, Principal Analyst at CB Insights, the 2025 Fintech 100 showcases a new generation of fintech innovators who are redefining the infrastructure of global finance.

“This year’s winners are building the technological backbone of financial services, transforming how money moves and value is created. Companies like Instapay are leveraging AI, automation, and digital assets to make finance more inclusive and accessible.”

Instapay’s recognition comes amid a global shift towards AI-driven, impact-focused financial solutions, particularly in emerging markets. Its ability to merge technology with empathy has positioned it as a standout player in Southeast Asia’s growing fintech landscape.

Malaysia’s Rising Fintech Presence

Malaysia’s fintech ecosystem has been gaining steady recognition on the global stage, with startups like Instapay demonstrating the country’s capability to foster impactful digital finance models. Instapay’s success not only elevates Malaysia’s profile in the Asia-Pacific fintech scene but also underscores the region’s potential to create solutions tailored to the unique financial challenges faced by millions of migrant workers.

The country’s push toward digital transformation, combined with its strong regulatory support for innovation, has enabled homegrown fintechs to scale sustainably while focusing on financial inclusion and digital equity.

A Step Forward in Inclusive Growth

As Instapay continues to grow, its commitment to creating equitable access to finance remains at the forefront. The company aims to expand its partnerships, enhance its product offerings, and leverage emerging technologies like AI and data analytics to deliver smarter, more inclusive financial solutions.

Instapay’s recognition by CB Insights is more than an accolade—it’s a testament to how purpose-driven fintechs can reshape financial access, foster inclusion, and build a future where technology serves every individual, regardless of their background or income level.

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