Newswav Sdn Bhd
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Newswav Sdn Bhd - overview
Established
2017
Location
Selangor, -, Malaysia
Primary Industry
Internet
About
Based in Selangor, Malaysia, and founded in 2017, Newswav Sdn Bhd operates as a news aggregator platform that obtains its content from different online sources. The company is partnered with over 200 news sources. In January 2022, Newswav Sdn Bhd raised MYR 6 million in Series A funding led by new investor OSK Ventures International. Co-founder Swee Wai Hoow will remain as CEO of Newswav Sdn Bhd.
As of 2022, Newswav’s mobile app has over 2. 4 million installs. Newswav has a website and free mobile app available on iOS, Android, and Huawei aggregating articles, videos, and podcasts from new sources. Articles are available in English, Bahasa Melayu, and Chinese.
The company also has a platform called Newswav Creator, where creators and journalists can monetize their content and reach users on Newswav. The company will use the funding to enrich its content, drive user engagement, expand creators’ platform and scale up in-house AdTech capabilities.
Current Investors
OSK Ventures International Berhad, PitchIn
Primary Industry
Internet
Sub Industries
Newspapers, Magazines & News Organizations, Digital Media
Website
www.newswav.com
Verticals
Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Newswav Sdn Bhd - timeline of key events
Newswav Sdn Bhd - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,268 | 22,925.1 | 125,179.3 | 1,093,379 | - | - | - |
| % Revenue Growth (YoY) | - | 1708.0% | 446.0% | 773.5% | - | - | - |
| EBITDA (USD) | (25,325.3) | (182,707.7) | (419,525.9) | 56,077 | - | - | - |
| Operating Income (USD) | (38,649.1) | (238,968.6) | (502,064.7) | 6,882 | - | - | - |
| Operating Margin | (3048.0%) | (1042.4%) | (401.1%) | 0.6% | - | - | - |
| % EBITDA Margin | (1997.3%) | (797.0%) | (335.1%) | 5.1% | - | - | - |
| NET Income (USD) | (38,649.1) | (238,102.5) | (493,243.9) | 19,782 | - | - | - |
| % Net Margin | (3048.0%) | (1038.6%) | (394.0%) | 1.8% | - | - | - |
Newswav Sdn Bhd - employee data
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