Kuala Lumpur,3 August 2021 – Ulearnmoney (M) Sdn Bhd (uLearnMONEY), has successfully closed its Equity Crowdfunding (ECF) campaign with Ata Plus, a registered ECF platform under the Securities Commission (SC). Through the ECF exercise, the company has received RM535,652 from 48 investors for its thriving financial literacy online learning business.
uLearnMONEY is a highly rated online financial literacy platform that provides counselling and advisory tools, and publishes various media content in English, Bahasa Melayu and Mandarin to support all Malaysians in continuous learning and attaining financial freedom. Since its inception in June 2019, uLearnMONEY has proved its credibility by garnering signed partnerships with over 36 partner universities nationwide, and is currently focused in playing its part to aid the National Financial Literacy Strategy, an initiative spearheaded by Bank Negara Malaysia and SC Malaysia to impart Malaysians with knowledge on prudent spending habits, alternative income creation and careful budgeting, particularly during these uncertain times.
uLearnMONEY Founder and CEO, Amy Seok, comments, “Inclusion is a sentiment very dear to uLearnMONEY, and we are pleased to have worked with an ECF platform that offers not only expansive marketing leverage and an investor base, but also shares our core value. She adds, “I am delighted to say that the success of this ECF round has allowed us to execute our expansion plan to provide financial education to all Malaysians more quickly and effectively.” The funds raised will be predominantly used for marketing, technology and content development.
Ata Plus CEO and Co-Founder, Elain Lockman states, “With unemployment increasing during the pandemic, we strongly believe that correct financial education can provide a thick cushion to financial woes, and are happy to see uLearnMONEY serve our fellow Malaysians, especially in these unprecedented times.” Elain added, “We believe uLearnMONEY champions the spirit of educational inclusion, and with online-based learning an absolute direction of future education, we are positive in the continued expansion and development of this estimable platform.
