Revenue Monster
Revenue Monster is a Malaysian fintech-as-a-service platform founded in 2016 that provides payment acceptance, loyalty, gamification, and SuperApp development through a unified API and terminal stack, serving 10,500+ brands and 35,000+ merchant points across Malaysia, Singapore, and Southeast Asia.
- Company typePrivate
- Founded2016
- HeadquartersKuala Lumpur, Malaysia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Revenue Monster does
Revenue Monster Sdn Bhd is a Malaysia-headquartered fintech-as-a-service company founded in 2016 that operates a unified platform spanning payment acceptance, loyalty programmes, gamification, and SuperApp development. Its core product surface includes smart Android in-store payment terminals, an online payment gateway accepting cards, online banking (FPX), DuitNow QR, leading Malaysian e-wallets (Touch 'n Go, GrabPay, Boost, ShopeePay, MAE, S Pay Global, Setel, MyDebit), international wallets (Alipay+, WeChat Pay), and BNPL (Atome), plus recurring billing, social-commerce payment links (LivePay), digital invoicing, a WhatsApp Mini Program, a tiered loyalty platform, and gamification modules such as spin-to-win. The technology backbone is a RESTful Open API set with OAuth authentication and sandbox and production environments, integrated with a roster of POS and e-commerce partners and offered in white-label form.
The company makes money primarily through transaction-based fees on payments it processes, supplemented by subscription or recurring platform and service fees for its loyalty, gamification, white-label, and SuperApp modules, as well as customised enterprise project revenue, with fee specifics kept confidential in merchant agreements. Go-to-market is sales-led for enterprise, augmented by a Partner Program that pays merchants to refer businesses, an Agent Program for individual resellers, a self-serve developer portal for API-driven onboarding, and POS and e-commerce integration partnerships with providers including Xilnex, Zeoniq, FeedMe, QubePOS, BigPOS, Pointsoft, EasyStore, SiteGiant, OpenCart, and WooCommerce. Customer concentration is broad-based across F&B (Starbucks, Secret Recipe, Tealive, Texas Chicken, Domino's, KFC, Pizza Hut, CHAGEE), retail (Parkson, Mydin, MINISO, Alpro Pharmacy, XIXILI, CUCKOO, Cosway), hospitality (Resorts World Genting, Genting Skyworlds Theme Park, Tune Hotels), automotive (Petron), healthcare (ZEISS, Alcon, Cooper Vision), logistics (Yunda Express, GDEX), and corporate (YTL Corporation, Hong Leong Assurance).
Operationally, Revenue Monster holds a Bank Negara Malaysia payment gateway aggregator licence, PCI DSS 4.0.1 certification, and Malaysia Digital status, claims 10,500+ brand relationships and 35,000+ merchant points across Malaysia, Singapore, and Southeast Asia, and operates with 60+ employees from its Petaling Jaya headquarters. Ownership is private and founder/management-led with no disclosed external funding or acquisition activity in the source data.
Revenue Monster firmographics
Firmographics- Name
- Revenue Monster
- Legal name
- Revenue Monster Sdn Bhd
- Website
- https://revenuemonster.my
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Revenue Monster is a Malaysian fintech-as-a-service platform founded in 2016 that provides payment acceptance, loyalty, gamification, and SuperApp development through a unified API and terminal stack, serving 10,500+ brands and 35,000+ merchant points across Malaysia, Singapore, and Southeast Asia.
- Ownership category
- akta.pro rank
Revenue Monster industry classification
Industry- Product category
- Payment Processing
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Super-App Wallets & Mini-Program Payments (FSAMAEAE)
- akta.pro secondary industries
- Buy Now, Pay Later (BNPL) (CRAFALAD), Merchant-Integrated BNPL (Online Checkout) (FSAKACAA)
Keywords
Where Revenue Monster is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Revenue Monster business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Payment Processing Fees: Revenue Monster charges transaction fees for processing payments through their unified gateway. They support various payment methods including cards, e-wallets, and bank transfers, charging merchants for each transaction processed.
- Platform and Service Fees: Fees for Services, processing, and transactions are specified in merchant agreements or fee schedules as stated in their Terms of Use. RMSB may revise fees with prior notice.
- Loyalty and Gamification Solutions: Revenue Monster offers loyalty program and gamification solutions as part of their product suite, likely with associated service fees for businesses requiring customized engagement tools.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Business plans for SME and corporate segments |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Revenue Monster product offering
Product offeringCore offering
Revenue Monster is a Malaysian fintech-as-a-service platform that provides a unified payment gateway accepting 17+ payment methods (cards, e-wallets, QR, online banking, BNPL), paired with loyalty programs, gamification campaigns, WhatsApp Mini Program, and SuperApp/Mini Program development. Its products include smart Android POS terminals for in-store payments, an online payment gateway, recurring/subscription billing, LivePay social commerce payment links, digital invoicing, white-label e-wallet and payment gateway, eKYC, voucher marketplace, food ordering, and e-invoicing — all connected through a unified merchant dashboard and RESTful APIs.
Product overview
Revenue Monster is a fintech-as-a-service platform providing an all-in-one ecosystem combining payments, loyalty programs, gamification, and SuperApp development. The core offering includes in-store payment terminals (Smart Android POS), online payment gateway, recurring billing, LivePay for social commerce, and digital invoicing. Additional modules encompass WhatsApp Mini Program for chat commerce, API-driven Loyalty Program with tiered membership and gift cards, Gamification campaigns (spin-to-win, scratch cards), White Label e-Wallet and Payment Gateway, eKYC verification, Voucher Marketplace, Food Ordering System, and E-Invoice solutions. All products connect through unified merchant dashboard and RESTful APIs.
Differentiator
Problem solved
Functional benefit
Products and services
- In-Store Payment
Quantifiable outcome
- 35,000+ merchant points across Southeast Asia
- +2 more outcomes
Companies that use Revenue Monster
Customer profileNamed customers24 records
Segments5 records
Ideal customer profiles5 records
Revenue Monster technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability6 records
Feature8 records
Revenue Monster partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core.
- XilnexcorePOS integration partnership enabling Xilnex users to access Revenue Monster payment processing capabilities within their existing POS workflow.
- ZeoniqcorePOS integration partnership allowing Zeoniq customers to process payments through Revenue Monster's unified gateway.
- FeedMecoreF&B focused POS integration partnership connecting FeedMe's restaurant solutions with Revenue Monster payment processing.
- QubePOScorePOS integration partnership enabling QubePOS users to utilize Revenue Monster payment solutions.
- BigPOScorePOS integration partnership connecting BigPOS terminals with Revenue Monster's payment gateway.
- EasyStorecoreE-commerce platform integration enabling EasyStore merchants to accept payments through Revenue Monster's gateway.
- OpenCartcoreOpenCart plugin integration allowing OpenCart merchants to use Revenue Monster payment gateway.
- WooCommercecoreWooCommerce plugin integration for WordPress-based e-commerce stores to utilize Revenue Monster payments.
- Touch 'n Go eWalletcorePayment method provider integration for Touch 'n Go eWallet acceptance through Revenue Monster's gateway.
- GrabPaycoreE-wallet payment method provider integrated for GrabPay acceptance on Revenue Monster platform.
- BoostcoreE-wallet payment method provider integration for Boost wallet acceptance.
- ShopeePaycoreE-wallet payment method provider integration for ShopeePay acceptance.
- MAE (Maybank)coreMaybank e-wallet payment method provider integration.
- FPX (Financial Process Exchange)coreOnline banking payment method integration through FPX for internet banking transactions.
- DuitNowcoreQR payment method provider integration for DuitNow QR acceptance.
- WeTixcoreStrategic partnership with WeTix, Malaysia's cinema aggregator platform, for entertainment marketing and cross-brand promotional campaigns through gamification.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Revenue Monster competitors and assessment
Company assessmentDirect peers
- iPay88: Malaysian payment gateway aggregator providing multi-method online payment processing for SMEs and enterprises. Direct competitor to Revenue Monster in the same Malaysian market with overlapping merchant base across F&B, retail, and hospitality.
- 2C2P: Southeast Asia-focused payment service provider offering gateway, acquiring, and alternative payment methods across multiple SE Asian markets. Comparable in product breadth (payments, loyalty integrations) and regional footprint ambition.
- Billplz: Malaysian online payment gateway and billing platform serving SMEs with FPX and card acceptance. Directly comparable on core payment gateway functionality and Malaysian market focus, though narrower in product breadth.
- Xendit: Indonesia-headquartered payment gateway rapidly expanding across SE Asia with multi-method payment acceptance and developer-first APIs. Comparable business model and target market, with stronger regional footprint and VC backing.
- Razer Merchant Services (MolPay): SE Asian payment gateway (formerly MolPay, now under Razer Fintech) providing online and offline payment processing. Direct competitor with overlapping merchant segments and similar Malaysian heritage.
Emerging players
- HitPay: Singapore-based all-in-one payment platform for SMEs offering gateway, POS, and business tools. Comparable SMB focus and product breadth, though with a Singapore-first geographic orientation.
- Soft Space: Malaysian fintech offering payment solutions including SoftPay and white-label e-wallet/payment gateway products. Comparable on the white-label SuperApp and payment gateway positioning, with overlapping Malaysian enterprise customers.
Regional players
- PayMongo: Philippines-focused payment gateway expanding across SE Asia with multi-method online payment acceptance. Comparable business model and regional SE Asia focus, but operating in a different primary geography.
Broad incumbents
- Stripe: Global payments infrastructure giant aggressively expanding into SE Asia with localized payment methods. Comparable at the product layer (gateway, APIs) but vastly larger scale and broader portfolio — sets the competitive ceiling for regional aggregators.
- Adyen: Global enterprise payment platform serving large merchants with unified online and in-store payment processing. Comparable in serving enterprise F&B and retail customers (Starbucks-tier accounts), but at a much larger scale and broader geographic scope.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Revenue Monster social profiles
Digital presenceRevenue Monster compliance and trust
Trust signalCompliance3 records
Revenue Monster financial estimates
Financial estimateRevenue estimate
Valuation estimate
Revenue Monster leadership team
Management profileNumber of profiles
Profiles3 records
Revenue Monster funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Revenue Monster M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Revenue Monster
What does Revenue Monster do?
Revenue Monster is a Malaysian fintech-as-a-service platform that provides a unified payment gateway accepting 17+ payment methods (cards, e-wallets, QR, online banking, BNPL), paired with loyalty programs, gamification campaigns, WhatsApp Mini Program, and SuperApp/Mini Program development. Its products include smart Android POS terminals for in-store payments, an online payment gateway, recurring/subscription billing, LivePay social commerce payment links, digital invoicing, white-label e-wallet and payment gateway, eKYC, voucher marketplace, food ordering, and e-invoicing — all connected through a unified merchant dashboard and RESTful APIs.
Is Revenue Monster a public or private company?
Revenue Monster is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Revenue Monster founded?
Revenue Monster was founded in 2016. It employs 51 to 100 people.
Where is Revenue Monster based?
Revenue Monster is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Revenue Monster make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are platform and Service Fees and loyalty and Gamification Solutions.
Who are Revenue Monster's main competitors?
Direct peers on record are iPay88, 2C2P, Billplz, Xendit and Razer Merchant Services (MolPay). Emerging players are HitPay and Soft Space. PayMongo is listed as a regional player. Broad incumbents are Stripe and Adyen.
Does Revenue Monster have an API?
Yes. Revenue Monster Open APIs allow developers to manage payments, users, stores, loyalty, and social media through RESTful API. All RM products have APIs for most core functionalities. Provides sandbox and production environments with OAuth authentication. Sandbox Authentication Server: https://sb-oauth.revenuemonster.my, Sandbox API Server: https://sb-open.revenuemonster.my. Production Authentication Server: https://oauth.revenuemonster.my, Production API Server: https://open.revenuemonster.my. Self-sign up for sandbox access available. Developer documentation is at doc.revenuemonster.my/docs/introduction/overview.
What industry is Revenue Monster in?
Revenue Monster's product category is Payment Processing. Its primary akta.pro industry code is FSAMAEAE, Super-App Wallets & Mini-Program Payments, with a secondary code of CRAFALAD, Buy Now, Pay Later (BNPL). Its NAICS code is 518210 and its SIC code is 6199.