In the rapidly evolving landscape of financial technology, CHIP IN Sdn. Bhd. has emerged as a pioneering force, offering comprehensive digital finance solutions tailored to the needs of modern businesses. Established on March 25, 2022, and headquartered in Kuala Lumpur, Malaysia, CHIP IN is committed to digitizing, simplifying, and accelerating financial management processes for enterprises of all sizes.
Company Overview
CHIP IN operates from Lot 3A-01A, Level 3A, Glo Damansara Shopping Mall, 699 Jalan Damansara, Taman Tun Dr Ismail, 60000 Kuala Lumpur. As a fintech startup, the company focuses on providing a digital finance platform encompassing payment services, expense management, risk management, and treasury management. With a team size ranging between 5 to 30 employees, CHIP IN is dedicated to delivering innovative solutions that cater to the dynamic needs of businesses.
Product Suite
CHIP IN’s platform is designed around four main pillars, each addressing critical aspects of financial operations:
- Collect (Payment Services): This module simplifies payment processes by enabling businesses to receive funds both online and over-the-counter through multiple secure payment methods. It is particularly beneficial for startups, offering zero setup fees and flexible settlement options.
- Control (Expense Management): Offering complete visibility over expenses, this module assists in managing tasks from sending funds to handling petty cash. The CHIP Expense app, available on the Google Play Store, exemplifies this by allowing effortless petty cash allocation, personalized approval rules, smooth receipt management, and seamless accounting integration.
- Compliance (Risk Management): To ensure peace of mind, CHIP IN provides services that help identify, assess, and mitigate financial risks, safeguarding businesses against potential threats.
- Coin (Treasury Management): This module streamlines treasury management by enabling businesses to effortlessly roll collection funds into money market opportunities, optimizing financial returns.
User-Friendly Onboarding
CHIP IN emphasizes a seamless onboarding experience for its users. Prospective clients can register for a CHIP account through a straightforward process detailed on the company’s blog. The approval process typically takes about 1 to 3 business days upon complete registration, subject to reviews.
Market Position and Recognition
In a market where Malaysia is advancing its semiconductor industry by establishing hubs like the Malaysia Semiconductor IC Design Park in Puchong, CHIP IN distinguishes itself by focusing on digital finance solutions. The company’s commitment to innovation and excellence has earned it several accolades, including:
- Bank Negara Malaysia Registration: CHIP IN is registered with Malaysia’s central bank, underscoring its credibility and adherence to regulatory standards.
- Malaysia Digital Status by MDEC: The company has been awarded the Malaysia Digital Status by the Malaysia Digital Economy Corporation, reflecting its contribution to the nation’s digital economy.
- ISO/IEC Certifications: CHIP IN holds ISO/IEC 27017:2015 and ISO/IEC 27001:2022 certifications, demonstrating its commitment to information security and management excellence.
- Industry Awards: The company was the winner of the PayNet FinTech e-Payment Accelerator Programme 2022 and was recognized as a Rising SME and FinTech Solution Provider by SEBA 2022.
Clientele and Partnerships
CHIP IN’s solutions have garnered trust from a diverse array of top brands, including:
- Bateriku.com: A provider of on-demand battery services.
- ezQurban: A company specializing in Qurban and Aqiqah services.
- Noir Health & Beauty: A beauty and wellness brand.
- OnPay: An online payment gateway service.
- Zetpy: An e-commerce platform integrator.
These collaborations highlight CHIP IN’s versatility in catering to various industry needs.
Conclusion
CHIP IN Sdn. Bhd. exemplifies the spirit of innovation in Malaysia’s fintech landscape. By offering a comprehensive
, the company empowers businesses to streamline their financial operations, enhance efficiency, and focus on growth. With a commitment to quality, security, and customer satisfaction, CHIP IN is poised to continue its trajectory as a leader in digital financial solutions.
