Swedish fintech firm Vilja will establish a development center in Kuala Lumpur, Malaysia, by 2025, investing RM50 million over the first five years.
The move aligns with Vilja’s plans to expand globally, focusing on digital innovation in artificial intelligence and cybersecurity. CEO Fredrik Ulvenholm announced the initiative during Sweden-Malaysian Digital Day in Stockholm, alongside Kamelinder Singh, Head of Foreign Direct Investment at Malaysia Digital Economy Corporation.
Ulvenholm highlighted Kuala Lumpur’s talent pool, government support, and strategic location as key factors behind the decision. This follows Vilja’s earlier establishment of its ASEAN headquarters in the city and partnerships with Malaysian companies, including InsiteMY, Finology, and RC Technology.
Anuar Fariz, CEO of Malaysia Digital Economy Corporation , praised Vilja’s investment as a testament to Malaysia’s position as a leading digital hub in the region.
“We remain committed to supporting Vilja’s success under the Malaysia Digital initiative,” he said.
Vilja aims to meet growing demand for its cloud-native core banking platform across ASEAN.
Source: Fintech News
