Jirnexu

Insurance marketplace and B2B fintech solutions for Southeast Asian financial institutions

Distribution & Sales Established Series B

Overview

Jirnexu is a distribution and sales technology provider for financial services institutions in Southeast Asia. Founded in 2012 and based in Kuala Lumpur, the company develops customer acquisition and lifecycle management platforms for banks, insurance companies, and other financial services providers across the region. Jirnexu holds approval from Bank Negara Malaysia (BNM), making it the first company in Malaysia licensed to compare, sell, process payments, and issue e-policies for insurance products from multiple providers on a single platform.

The company's primary product, RinggitPlus, is a B2B2C financial comparison marketplace that allows consumers to research and purchase banking and insurance products online. Its XpressApply platform digitizes application workflows for financial institutions, enabling higher processing volumes through automation. Jirnexu also operates KreditGoGo, a digital marketplace serving the Indonesian market. The company describes its platform architecture as full-stack, covering digital lead generation, application fulfillment, and customer lifecycle management through APIs and integrations with major insurer and banking systems.

Jirnexu has raised approximately USD 29M across multiple funding rounds, with its Series B backed by SBI Holdings and Experian Ventures. RinggitPlus has served over 1.5 million consumers and generates more than RM 50M in annual recurring revenue. The company partners with major regional insurers including Allianz, Zurich, Manulife, and Etiqa, and with banking institutions such as Maybank, HSBC, Citibank, Standard Chartered, and UOB.

Products & Services

RinggitPlus

A B2B2C financial comparison and marketplace platform launched in January 2013. RinggitPlus is Malaysia's leading financial services marketplace, enabling consumers to compare and purchase banking and insurance products online. The platform connects consumers with term life and motor insurance products from multiple providers in a single transaction flow.

Key Features

Multi-insurer comparison and e-policy issuance
Integrated payment processing
End-to-end online purchase flow for life and motor insurance
Consumer-facing marketplace generating qualified leads for insurer partners

Target Users: Insurance carriers, banks, consumers

XpressApply

A proprietary B2B digital application platform launched in November 2015. XpressApply digitizes financial services application processes, replacing manual workflows with automated digital submissions for financial institutions.

Key Features

Digitized FSI application workflows
Multi-product application processing
Agent productivity tooling enabling higher submission volumes

Target Users: Banks and insurance companies

KreditGoGo

A digital financial marketplace for the Indonesian market, launched in 2014 as part of Jirnexu's regional expansion into Southeast Asia.

Target Users: Indonesian consumers and financial institutions

At a Glance

Founded: 2012
Headquarters: Kuala Lumpur, Malaysia
Employees: 51-200
Funding: Series B

Category & Focus

Category: Distribution & Sales
Subcategories: Insurance marketplace Digital distribution Customer acquisition technology
Insurance Verticals: Life & Annuity P&C Personal
Target Customers: Carriers, Consumers