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The Venture Codex

Artem Ventures

Yap Ah Shak House 17 Jalan Yap Ah Shak, Kuala Lumpur, WILAYAH PERSEKUTUAN, 50300, Malaysia

Overview

Artem Ventures is a firm that focuses on enhancing entrepreneurs capacity and capabilities to build sustainable and adaptable businesses.

Total investments
3
Lead investments
2
Investments · 12mo
1
Active investors
1
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Investment portfolio

  • Paywatch

    Led · Series A · Nov 2025

    Founded in 2020, Paywatch provides an earned wage access (EWA) service that lets employees withdraw a portion of their accrued salary instantly, reducing dependence on short-term credit between paydays. The company has processed more than US$200 million in EWA transactions and supports large enterprise clients such as Genting Group, DFI Retail (Guardian), Shangri-La Hotels, CP Group (Lotus’s), Lotte Group, Wilmar and Hyundai. Operating across six markets—Malaysia, the Philippines, Indonesia, Singapore, Hong Kong and South Korea—Paywatch embeds its solution directly into employer payroll and HR systems. Management plans to transform the business into a “NeoFi” platform by adding micro-insurance, cross-border payments and employee rewards, all delivered through AI-driven tooling. Partnerships with the UNCDF and the ILO are cited to underscore responsible product design. The firm argues that its offering lowers employee churn and boosts productivity for employers while improving workers’ financial outcomes. Credit lines from global banks complement venture funding, enabling a capital-light growth model that supports rapid regional expansion.

  • Protos Labs

    Participated · Seed · Oct 2023

    Protos Labs, led by Joel Lee and Simeon Tan, specializes in cyber risk analytics to help insurers underwrite and price cyber risks while providing enterprises with real-time risk governance and visibility. Its platform combines artificial intelligence, statistical modelling, threat intelligence, and cyber risk management capabilities. The company's solutions have been used by organizations including Lloyd’s of London and the Cybersecurity Agency of Singapore. Protos Labs raised SGD $3M in seed funding and plans to use the proceeds to accelerate global expansion and product development. The company is based in Singapore.

  • MADCash

    Led · Series A · Oct 2023

    MADCash Sdn. Bhd. is a Kuala Lumpur, Malaysia-based fintech focused on providing zero-interest microfunds to women entrepreneurs through a proprietary technological platform that lets donors contribute and see whom their funds are helping. The company is led by Managing Director Nuraizah Shamsul Baharin and recently added Musyrifah Malek as a co-founder. MADCash intends to use the funding to enhance its online platform with AI features, cover operational and marketing expenses, and explore expansion opportunities across Southeast Asia. By the end of this year the company expects to have extended support to over 800 women. Among its partners are Hong Leong Islamic Bank and PayNet. The platform combines capital provision with business and financial-acumen support for microbusiness growth.

Team