The co-founders of Jirnexu, Hann Liew and Lucas Ooi, have announced their departure from their leadership positions at the company. Despite stepping back from day-to-day leadership, they will remain as shareholders and board members and expressed their readiness to support the team in any way possible.
Facts
- Hann Liew and Lucas Ooi, co-founders of Jirnexu, are stepping down from their executive positions at the company.
- Jirnexu, formerly known as Saving Plus, is a Malaysian-based fintech company that provides end-to-end digital acquisition tools and solutions to banks, insurance companies, and service providers.
- In 2013, Jirnexu launched RinggitPlus, a financial comparison website for the Malaysian market, with Liew joining as CEO and Ooi as director of insurance in 2014.
- A year later, Jirnexu launched its sister brand, KreditGoGo, for the Indonesian market, both of which were managed by Saving Plus.
- In 2016, Saving Plus rebranded itself as Jirnexu and raised $3 million in a Series A funding round led by DMP. The company has raised a total of $37 million in funding, including a $11 million Series B led by SBI Group in 2018.
- Despite expanding its team and enduring the challenges posed by the pandemic, RinggitPlus, under Liew’s leadership, is now operationally profitable with an annual recurring revenue of RM 50 million ($10.7 million).
- Co-founder Yuen Tuck Siew will continue as the group CEO, with support from James Barnes as COO, Jack Low as CCO, and Khoon Eong Lim as CFO. Liew and Ooi will remain on the Jirnexu shareholder register and board, providing ongoing support to the company.
- Liew’s announcement hinted at future plans, suggesting that it’s time for them to embark on new building endeavors.
