I really like these fintech products, and not even sponsored to say this!
Fintech = finance + technology. You probably use some of them (like bank apps). What I’m about to do here is to give my own take of how these fintech products in Malaysia are personally helpful for me. I’ve divided them into: products that save money, products that help with money management, and investment-related products.
Freelancing in Malaysia is not hard, but I think there is a steep learning curve when it comes to managing finances. Based on the conversations I’ve had, many freelancers in Malaysia have a ‘whatever works’ system. This leads to many undesirable side-effects, like:
Losing money to ridiculous fees
Lack of protection and recourse for clients who don’t pay
Indirect loss of income due to perceived lack of professionalism image
It’s hard to write about the complete range of tools that is needed for every freelancer in Malaysia. Some of you are freelance writers, freelance graphic designers, freelance artists. Some of you may freelance with companies like Uber, part-time as insurance/unit trust agents, do promoter-type work for events, or even MLM-type ‘business opportunities’.
For the purpose of this article, I’m going to focus on the must-have financial tools for online-based freelancing jobs, but the tools can be handy for anyone freelancing in Malaysia.