IPO Factsheet - Richtech Digital Berhad

RichTech Digital Berhad and its sole subsidiary (RichTech Group) is principally involved in the distribution of electronic reloads and the provision of bill payment services via its SRS platform. 

Started as a mobile retail shop, the Group commenced its business as a distributor of electronic reloads for mobile airtime and data in 2011 via an SMS reload system and a web portal, namely “onlinereload.net” (now known as the SRS Portal). The portal served mainly SRS corporate users who were reload retailers.

In 2013, the Group launched its own mobile applications – the SRS App (now known as SRS Mobile) – in line with the growing use of smartphones and mobile applications. This development broadened its user base to include mobile application operators and SRS end-users, 

Since 2015, the Group further expanded its services on its SRS platform, to include payment for postpaid mobile network services, purchase of prepaid and postpaid digital TV services, payment of utilities and internet services, purchase of application and eWallet credits, mobile airtime and data services for international mobile network brands, payment for quit rent and assessment, education loan and instalment plan, purchase of games credits and travel e-sims. 

Details
Published Date
27 Jan 2025
Publisher
Bursa Digital Research
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