Razer invests in Malaysian e-payments platform MOL
The Singaporean-founded firm says the deal helps boost innovation in fintech
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RAZER - a Singaporean-founded gaming hardware company said to be valued at nearly US$2 billion - has acquired a minority stake in Malaysia's e-payments platform MOL Global, and appointed the latter as a master distributor of its virtual currency, zGold, in the Asia-Pacific.
The investment sum is undisclosed, but it is for a 19.9 per cent interest in MOL that gives MOL an implied valuation of US$100 million. This marks Razer's first investment in and strategic partnership with an e-payments company, The Business Times has learnt.
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