Fingo Launches First of Its Kind E-Commerce Marketplace Platform in Malaysia

Hey! If you've always been dreaming of starting your own business, well you're one step closer to your dream now as everyone can become a boss with zero capital, thanks to Fingo. Last week, Fingo (M) Sdn Bhd (“Fingo”), an online mobile e-commerce marketplace operator, has officially launched Fingo, an innovative e-commerce marketplace with a first of its kind e-commerce platform that incorporates social e-commerce business model in Malaysia.

Fingo is an e-commerce platform that is dedicated to members’ empowerment with its S2B2C[1] platform. Through this platform, every member who signs up will be treated as a VIP and gain access to an array selection of quality goods and suppliers from Tmall and Taobao, besides opening up new entrepreneurial opportunities for Malaysian via a members-reward system. You don't have to worry about logistics, storage or after-sales service, all you need to do is to share your product and enjoy passive income in future.

The first of its kind e-commerce marketplace platform in Malaysia, Fingo is founded by a group of former top executives from China’s e-commerce behemoth Alibaba Group aiming to tap into the booming and vibrant e-commerce market and the huge business opportunity in Southeast Asia.

VIP guests that graced the launch event includes (from left)Mr. Wang Nan, Chief Operating Officer; Mr. Dong Fang, Group CEO of Fingo;  YB Dr. Ong Kian Ming, Deputy Minister of Ministry of International Trade and Industry and Mr. Lee Chee Sing, General Manager of Fingo.

Dong Fang said the company’s S2B2C business model uses big data selection technology to aggregate, socialize, and interact with Fingo members. What makes Fingo stand out compared to other existing e-commerce models was their efficient S2B2C platform that provide information on demand, predicting fashion and buying trends will be integrated with domestic and international supply chains.

“After spending many years with Alibaba, we foresee a huge untapped market here in Southeast Asia for us to realise our vision of combining China's advance e-commerce ecosystem and experience with the connectivity of the three major social platforms, namely WhatsApp, Facebook and Instagram to the youthful consumer markets in this region,” said Dong.

Dong said Fingo choose Malaysia as its base due to its political stability, excellent infrastructures and business environment together with a high adoption of digital technologies such as social media and online e-commerce marketplaces. The excellent ecosystem makes this an ideal platform for Fingo to unleash this new e-commerce experience designed for consumers in the Southeast Asian markets.

Dong also explained that the biggest advantage of e-commerce is the improvement in efficiency and opens up brand new markets and channels for all members to benefit. This is particularly important for small and medium-sized enterprises, e-commerce can enable small and medium-sized enterprises to obtain the largest market with the lowest cost and the fastest speed.

“On our part, Fingo is very proud to be able to play a role in the development of SMEs in Malaysia through our e-commerce platforms. We welcome the participation of all local SMEs looking for the opportunity to start their digitisation journey with us. Fingo will also work on the full potential of the platform to support local small and medium-sized enterprises and harness the entrepreneurial spirits among Malaysian,” said Dong.

Get started with Fingo app

Step 1: Visit www.fingo.com,my or download app from Google Play Store/ IOS App Store

Step 2: Register for free as a member

Step 3: Invite friends to join and get rewarded  

For more information, please visit www.fingo.com.my or download Fingo app at Google Play Store and IOS App Store.