MoneyX was launched a couple of days ago. What do you guys think compared with others like Versa, Stashaway, TNG etc.

https://www.thestar.com.my/business/busines...fintech-venture

since you started the topic, dont just post the news

post the details, the company legitimacy, who are their investors, official website, product detals, what regulations they comply to, etc


i briefly checked their website, doesnt mention about BNM? SC? all the securities protocols & compliances?

You can download their apps from IOS or Google play. Most of the info is there. I think this is only a soft launch n more feature be added in future.

If it was only a soft launch and the full features/attractions/benefits of it was not listed, ...how to compare against Versa,, Stashaway, TNG etc??

I believe you already download and tried the app? Instead of asking us to download, why don't you show the info here?

did a quick read here https://www.moneyx.com.my/
its not comparable to versa stashaway etc since its not an investment app. its a financial app... this is just like tng selling insurance etc etc... too little info and too new

I am not sure you are from them. But I will give my honest opinion Rubbish and useless app. From the features I won't even use it. What a "smart way" to burn Rm100m.

I am no fan of him either. But to burn 100 mil, I expect something better. If it’s me I will prefer to invest in something more realistic.

He will hv better luck taking a stake in an approved digital bank.

1stly it is not SC approved or BNM licensed emoney provider 🤦‍♀️ so you can compared to Versa, Stashaway and TNG

Lastly it will failed big time 🤦‍♀️ because there is no proper ecosystem building and no unique selling point for ppl to join 🤦‍♀️

I install the app out of curiosity. After playing with it for 10 minutes, I quickly uninstall it.

Too late, phone hacked. Your bank account empty soon...

Luckily im only ikan bilis. My bank account is always empty

True story with evidence…





This post has been edited by ikanbilis: Oct 31 2023, 08:31 PM

This app developed by Hextar Technologies Solutions Berhad.

Hextar Technologies Solutions Berhad (HEXTECH) is listed on BURSA since 2007, previously known as COMPLETE LOGISTIC SERVICES BERHAD. Mainly focuses on marine transportation services, total logistic services, and now diversifying into the technology sector.

The company financial quite ok i guess.
Annual revenue from 2017-2022 is within RM100-120mil, then last year 2023 have some growth and rose to RM160mil. Net profit over the years within 5-10mil annually.

If look at the HEXTECH share price itself, it's damn good.
2008-2020: RM0.60 per share
Feb 2021 onward keep rising to RM1.50+, then by end of 2021 stop at RM2.50.
For 2022, share price rise up till RM24
For 2023, share price maintain within RM23

Their big boss is DATO' EDDIE ONG CHOO MENG

I searched around internet & social media, HEXTAR got pretty much positive comments.

Not sure ultimately, this is a good app or not

Basically this app will collect your financial data as big data…. Will offer financial from partners who work with them.

Park first, any free gift, vouchers, rebate ....

Positive news on the internet and social media 🤦‍♀️ can be bought

The only thing that if it is good is either a banking license or emoney provider license from BNM instead otherwise basically a failure app 🤦‍♀️