In the bustling landscape of technological innovation and entrepreneurial resolve, startups Lapasar and Doople have carved a distinct success curve through unrivaled growth and lucrative investments. Seeing an incredible growth rate – Lapasar by 480x and Doople by 48x- demonstrates these startups' relentless pursuit of progress.
Cohort 2024
Accelerate Your Startup Into The Islamic Capital Market
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Organised By
Accelerator Partner
Ecosystem Partner
Get Grants & Funding To Accelerate Your Startup Into The Islamic Capital Market
Potential Cash Prize
From Securities Commission Malaysia to support your startup growth
Investments from
NEXEA
Potential investments into your Startup ranging from RM50,000 to RM250,000 & future investment rounds
Funding from
Other Partners
Potential Funding from Startup Ecosystem Partners such as loan providers, investment platforms and venture capital
Great Benefits For Startups With
No Hidden Cost
Business matching opportunities with Industry partners
Last mile connections to scale business to a higher stage
Ecosystem development and connectivity
Consultation and potential facilitation by regulators
Mentorship by Strong Entrepreneurs & Experts
Corporate Partner Introductions
Entrepreneur Networking & Development Programmes
Access to Angel Investors
Venture Capital Matching
Up to RM2,000,000 of Benefits for Participants From Our Partners
World-Class Islamic Finance Experts That Mentor Startups
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Alan Lim
Exit, Media, Expansion Mediabanc
Invested in 40+ Startups
Dato Patrick Liew
Conqueror's Vision Sdn Bhd
Chairman & Founder
ARHAM MERICAN
Chief Strategy Officer of Sharlife Sdn Bhd
Arham Merican is a Registered Shariah Advisor with the Securities Commission Malaysia and serves as the Chief Strategy Officer of Sharlife Sdn Bhd. He is also the founder of Sampul Sdn Bhd, a digital platform for wills and Wasiat. With over eight years in Islamic finance, Arham specializes in fintech, sustainability, and social finance. He previously led the development of the world’s first Shariah-compliant Voluntary Carbon Market at Bursa Malaysia. Arham holds a Master’s in Development Economics and is a recognized expert and trainer in Islamic banking and finance, driving innovation in the field.
DR. MAZHAR KANTAKJI
Senior Lecturer PHD in islamic finance
Dr. Mazhar Kantakji is an accomplished Senior Lecturer specializing in Islamic finance. With a strong track record of delivering top-tier finance courses, he has consistently received excellent student evaluations. Beyond academia, Dr. Kantakji is passionate about the intersection of finance, technology, and coding, bringing innovative insights to the classroom. A prolific author, he has published numerous Scopus-indexed papers and has also edited books for the Malaysian Central Bank, showcasing his influence in both academia and the financial industry.
DR. KINAN SALIM
lead i-Connect Fintech in Islamic Finance
Dr. Kinan has led Islamic fintech and Islamic finance projects across Southeast Asia and the Middle East. His work includes designing Islamic digital finance products and platforms to support social finance and financial inclusion. Dr. Kinan uses a data-driven approach to foster innovative policies, products, and platforms that align with Islamic finance principles. He serves as an Associate Professor at INCEIF University, Malaysia, specializing in Islamic fintech, data analytics, financial inclusion, and sustainability. Recently, he was the SCOCIS Visiting Fellow at the Oxford Centre for Islamic Studies, Oxford, UK. Dr. Kinan also led i-Connect Fintech in Islamic Finance, an innovation fund for Islamic fintech R&D established by the Ministry of Science, Innovation, and Technology Malaysia and the Academy of Sciences Malaysia.
RIDZUAN ABDUL AZIZ
Head of ASEAN Send Business for WorldRemit
With over 25 years of experience across commercial, regulatory compliance, and technology sectors in Malaysia and Asia-Pacific, Ridzuan currently leads WorldRemit's operations in Malaysia and Indonesia. He also heads the ASEAN Send Business for the company. Ridzuan holds board positions at AEON Bank Berhad, AKRU robo-advisory, Dear Time InsureTech, and Rolling Pay. An active figure in the fintech ecosystem, he advises the Fintech Association of Malaysia and several universities. Ridzuan is also an investor and co-founder of two regulatory tech advisory firms.
RUSLENA BINTI RAMLI
Director, Digital Finance And Islamic Digital Economy
Leading the Digital Finance and Islamic Digital Economy department at MDEC, Ruslena’s role synthesizes Islamic finance acumen with digital innovation. With a strong grounding in finance, investment banking, and financial analysis, she drives ethical-based digital solutions and product development. Throughout her time at MDEC and in previous roles, Ruslena has remained dedicated to integrating Islamic finance principles into the digital world. She is passionate about creating a sustainable ecosystem where ethical finance and technological advancement go hand in hand. As a frequent speaker at both local and international conferences, Ruslena actively promotes Malaysia's achievements in Islamic finance and fintech.
DR MUFTI YOUSUF SULTAN
Founder and CEO of Adl Advisory
Dr. Mufti Yousuf Sultan is a distinguished expert in Islamic finance and fintech, with over 15 years of experience in Shariah advisory, consultancy, audit, and training. He holds a PhD and MSc in Islamic Finance from INCEIF, along with several certifications in Islamic jurisprudence. As the Founder and CEO of Adl Advisory, he is committed to advancing Islamic finance through innovative solutions. Dr. Yousuf is a registered Shariah adviser in Malaysia and a member of several global Shariah committees. He is also an award-winning researcher and speaker in Islamic finance.
Meet & Learn From Leading Tech Startup Entrepreneurs On How They Grew Their Businesses
Get Support From Industry Leading Experts In Various Business Functions
Get support by the Business Experts Network meant to support Startups in areas of business advice, legal, government support, IT support, how Startups can work with Corporates, and so much more! The experts are also part of the NEXEA network.
Past FIKRA ACE Cohort Partners
Programme Focussed On Your Business -
No Boring Lectures & Time-Commitment Light
We believe Founders should focus on running their business while getting the support they need from Accelerator programmes. Less than 10% (2 days) on average of founders time is needed on a monthly basis.
More Than 50% of All Participants Get Funding Post-Accelerator
Accelerators in collaboration with NEXEA typically have more than 50% funding rates post-accelerator. Here are some companies that have gotten funding post-accelerator.
Lapasar
>40Mil Funding
480x Growth
ParkIt
>1.7Mil Funding
27x Growth
Runningman
>700k Funding
26x Growth
Learn How Our Top Performing Alumni That Grow 2X Yearly
NEXEA Accelerator Alumni AchieveBeyond 25X Growth Mark
The success stories of NEXEA high-growth startup alumni, ParkIt and Runningman, illustrate the journey of two innovative companies that continue to defy expectations and make a mark in the Malaysian market.
In a statement, the company said, both startups have recognised strong growth rates in recent times, with ParkIt seeing a 27x growth and Runningman boasting a 26x growth.
Grow Faster With Our Accelerator Programme
Highly Investable Startups That Received Up To RM40Mil Funding
Who Should Apply?
New ICM Offerings
We seek new tech-based fintech ideas and solutions for ICM that deliver the value of Islamic finance.
Enhance ICM products & services
Fintech ideas and solutions to democratize the market with innovative products or services that enhance accessibility and inclusivity in ICM.
Digital adoption
Fintech solutions that promote and enhance digital adoption among ICM industry participants.
Top Startups From Past Cohorts
Organised By
FIKRA ACE is the enhanced, three-year initiative following the launch of SC’s inaugural Islamic fintech accelerator programme – FIKRA, in May 2021. For more information on FIKRA ACE, visit https://www.sc.com.my/fikra-ace