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Vircle logo — Health and Well being of Children addressed through innovati...

Vircle

Health and Well being of Children addressed through innovative & inclusive Fin-tech propositions

Founded 2018 Malaysia Malaysia 24 employees Seed Fintech

General Information

Company Name Vircle
Founded Year 2018
Location Malaysia Malaysia +1
Founders / Decision Makers
Team member
Employees 24
Industries Fintech
Funding Stage Seed
Social

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About Vircle

Vircle is a Fintech startup based in Malaysia that aims to address the health and well-being of children through its innovative and inclusive fin-tech propositions. The company's solution enables consumers to create communities of controlled cashless commerce with a focus on society's health and well-being. The concept behind Vircle originated from the founder's need to have visibility and control over the food his children were consuming at school. It is based on the concept of entitlements from the digital media industry, aiming to bring transparency, visibility, and control between a provider and dependent. Vircle has been designed as a cashless school and a Peer to Peer subsidy solution, where the provider entitles beneficiaries with consumption entitlements, such as cash value or specific items like healthy food and groceries, based on digital entitlements. The actual cashless payment takes place in the background when the consumption happens, providing providers with visibility of consumption. The startup has tested its concept with a wide range of stakeholders, including schools, school canteens, parents, eWallet players, government and non-governmental agencies, receiving strong support. Vircle is set to go into trials in July with a planned launch in Q4/2019. The startup recently secured a Seed Round investment on 31 October 2023 from Gobi Partners and Kumpulan Modal Perdana. This investment signifies a significant step forward for Vircle as it moves towards its planned launch and further development.

Taxonomy: Fin-tech, Cashless commerce, Health and well-being, Children's health, Digital entitlements, Peer to peer subsidy, Controlled consumption, School canteens, Parental control, eWallet, Trial testing, Consumer community, Innovation, Inclusive finance

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor
•••• •••• 		31 Oct 2023
Non Equity Assistance •••••• 1 •••• •••• 20 Jun 2023
Venture Round •••••• 1
Investor
14 Jun 2022
Venture Round •••••• 1
Investor
23 Jul 2021

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FAQ About Vircle

Health and Well being of Children addressed through innovative & inclusive Fin-tech propositions
Vircle was founded in 2018.
Vircle is headquartered in Malaysia.
Vircle operates in the following industries: Fintech.
Vircle has approximately 24 employees.
Vircle has completed 4 funding rounds. The latest funding stage is Seed.
Top alternatives and competitors to Vircle include Spectrum Health Systems, Inc., Youth Impact, Alpha Aqua A/S, Crisis Connections, YelowSoft Inc. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Vircle and Spectrum Health Systems, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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