Tuas Capital Partners

Tuas Capital Partners, founded in 2013 and based in Kuala Lumpur, Malaysia, is a venture capital investment firm that specializes in the financial technology and software sectors. The firm operates The Hive Southeast Asia, a venture studio designed to support entrepreneurs in building their startups. Tuas Capital Partners provides capital and collaborates closely with founders, leveraging a robust technological infrastructure and a strong corporate ecosystem to foster innovation and growth in the ventures they support.

Thariq Usman Ahmad

Founding Partner

7 past transactions

4xLabs

Venture Round in 2018
4xLabs is a fintech company established in 2011 that focuses on transforming the money services industry to accommodate the growing demand for digital payments. The company has developed a global network that includes currency exchanges, money transfer operators, and financial institutions, offering innovative solutions such as Get4x, Biz4x, and Send4x. Get4x is a pioneering price discovery platform that connects travelers with currency exchanges to secure competitive cash exchange rates worldwide, boasting over 260,000 registered users. Biz4x serves as an enterprise-level platform designed to enhance operational efficiency, compliance, and competitive relevance for businesses, providing essential services like business management, wholesale trading, and live market data through APIs. Send4x allows users to compare money transfer services, providing transparent cost breakdowns for remittances. With a customer base spanning more than 35 countries, 4xLabs operates its global headquarters in Singapore and maintains a technical hub in Vietnam, supported by a network of sales professionals across the region.

MoneyMatch

Seed Round in 2017
MoneyMatch is a FinTech startup that specializes in facilitating cross-border international payments and remittances, offering a service that is cheaper, faster, and more convenient than traditional banking methods. Initially launched in Malaysia, the company has expanded its operations to Australia and plans further growth within Southeast Asia. Over the past 1.5 years, MoneyMatch has successfully processed over MYR 260 million in transactions, enabling money transfers from Malaysia to more than 70 countries. By focusing on small and medium enterprises (SMEs), MoneyMatch provides a community-based payment transfer system that allows users to exchange money globally at competitive processing fees and favorable exchange rates, ensuring secure financial transactions.

Pulse iD

Series A in 2017
Pulse iD is a developer of an identity platform that bridges the gap between the online and offline worlds for enterprise clients. By leveraging geolocation data and cognitive self-learning algorithms, the platform creates an online-to-offline loyalty network that connects financial institutions, merchants, and consumers. This innovative approach automates the sourcing, distribution, and redemption of rewards, allowing for seamless engagement and enhanced customer loyalty. As clients seek to understand their customers' behaviors more comprehensively, Pulse iD's scalable solutions enable businesses to connect with customers effectively at various points in their journey, ultimately reducing friction in customer interactions.

The Hive

Venture Round in 2017
The Hive LLC is a venture capital firm headquartered in Palo Alto, California, founded in 2012. The firm specializes in seed, startup, and early-stage investments, focusing on companies that leverage data and innovations in data science. Its investment strategy includes sectors such as enterprise applications, financial services, insurance, health, and various technologies like Artificial Intelligence, natural language processing, computer vision, blockchain, and 5G. The Hive aims to support startups that utilize large volumes of data for intelligent decision-making, often combining diverse data sources and employing advanced processing infrastructures. In addition to financial backing, the firm provides managerial support to its portfolio companies, fostering their growth and development in competitive markets.

Jirnexu

Series A in 2016
Jirnexu is a company based in Kuala Lumpur that specializes in providing end-to-end digital acquisition tools and solutions for financial service institutions (FSIs) and service providers. Founded in 2012, Jirnexu enables banks, insurance companies, and other service providers to adopt a mobile-first approach, enhancing their ability to generate online leads and convert them into loyal customers. The company's offerings simplify the application fulfillment process and facilitate effective customer engagement, allowing clients to effectively manage the customer lifecycle. Additionally, Jirnexu empowers consumers through financial comparison tools, enabling them to make informed decisions and save money.

Jewel Paymentech

Series A in 2016
Jewel Paymentech, a subsidiary of ADVANCE.AI, is a FinTech company established in 2014 that specializes in intelligent risk technologies for the banking and electronic payments sectors. The company has developed One Sentry™, an innovative tool that allows payment card acquiring banks and facilitators to manage risks related to brand reputation, fraud, credit, and data security. Jewel Paymentech operates through two main service lines: a Technology and Solutions team that creates products for banks, card issuers, acquirers, processors, and merchants, and a consulting division that offers professional services to the specialized electronic payments industry. Its platform addresses critical challenges in e-payment acceptance, including instant onboarding, merchant due diligence, and transaction fraud management, leveraging predictive analytics to enhance compliance and security measures within the KYC process.

The Luxe Nomad

Venture Round in 2016
The Luxe Nomad is a luxury booking portal based in the Asia-Pacific region that specializes in curating high-end vacation rentals. By collaborating directly with villa owners and management companies, it offers travelers access to exclusive accommodations at competitive rates. The platform features a diverse selection of luxurious hotels and villas around the globe, making it easier for tourists to find suitable lodging for both leisure and business purposes. In addition to its booking services, The Luxe Nomad provides daily inspiration through its online travel magazine, WanderLuxe, and offers complimentary concierge services to enhance the travel experience.
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