Malaysian fintech startup Okapi Technologies secures funding to expand solar finance operations

Okayapi Technologies, a Malaysian climate-focused financial technology startup, has received funding from the Radical Fund. On Monday, Okapi Technologies, a climate fintech business based in Malaysia that operates in the solar finance area, made an announcement regarding the successful completion of its funding round and the official launch of its operations in Malaysia, beginning with the residential solar infrastructure.

Lai Chang Wen and Shaun Chong, the co-founders of the regional logistics unicorn Ninja Van, were among the strategic angel investors who participated in the round, according to a statement released by Okapi Technologies. The round was led by The Radical Fund, which saw participation from various strategic angel investors.

"Malaysia's vibrant renewable energy ecosystem, stable regulatory frameworks, and forward-thinking government policies made it an easy decision for us to launch here as our first market in Southeast Asia," said Zhern Yung, who spent seven years at Ninja Van, where he was most recently the Vice President of Corporate Development & Treasury, where he was responsible for fundraising and strategic mergers and acquisitions initiatives.

In addition, he says, "With this raise, we will continue developing innovative solutions to democratize access to affordable solar energy for all homeowners, while simultaneously creating a new asset class that is supported by green, responsible, and secure income streams for environmental, social, and governance (ESG) investors all over the world."