Xanderia

What Xanderia does

Xanderia Berhad is a Malaysian technology-enabled financial services company founded in 2020, headquartered at Menara Q Sentral in Kuala Lumpur. The company focuses on Shariah-compliant Islamic Personal Financing (IPF), with a primary customer base of Malaysian civil servants. Its product surface includes Kanz Raqami (digital IPF mobile app), Kanz Al-Ilham (agent-based IPF channel), Kanz PaydayNow (earned wage access launched in partnership with Biz Suria Management), and consumer financing verticals spanning Umrah travel, home solar, education, and motor/travel Takaful protection products.

The company's technology stack is built around a proprietary "DACA" framework (Digital, Algorithm, Cloud, Analytics) and a suite of platform modules including NCP (National Cooperative Platform), SPAAS (Shariah Process Automation as a Service), SYNAP, URUS360, Xandrix Collections, Xandrix PBT, and a Smart AI Voice Bot. It has secured Malaysia Digital Status from MDEC (June 2024) and the SEBA (Shariah ESG Business Award) in November 2024. The company operates a technology-licensing model to cooperatives and has established a digital-first cooperative vehicle (Klinik Xanderia Selangor Berhad) in May 2025.

The business model is anchored on financing margin (profit rates on Shariah-compliant personal financing) supplemented by technology platform monetization through cooperative digitalization partnerships. Distribution is heavily dependent on a flagship partnership with CUEPACS (the Congress of Unions of Employees in the Public and Civil Services), through which an RM100 million civil servant financing fund (CUEPACS Prihatin) was launched in September 2023 and a nationwide CUEPACS Sedia Bantu roadshow program is operated. The company has also expanded geographically through PT Xanderia Investama in Indonesia and announced MENA/Turkey entry plans for 2026.

Name

Xanderia

Legal name

Xanderia Berhad

Website

https://xanderia.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Xanderia Berhad is a Malaysian Shariah-compliant TechFin company founded in 2020, providing Islamic Personal Financing primarily to Malaysian civil servants via digital and agent-based channels, supported by a proprietary cooperative and AI-enabled technology platform stack.

Ownership category

akta.pro rank

Product category

Islamic Personal Financing

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Islamic personal financing
• Shariah-compliant lending
• Earned wage access
• Cooperative technology platform
• Digital financing platform

Headquarters

HQ city

Sentul

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Shariah Personal Financing (Kanz Raqami & Kanz Al-Ilham): Unsecured personal financing products based on Tawarruq/Murabahah concept. Revenue generated from annual profit rates (6.99% to 13.99%), registration fees, monthly instalment deduction service charges, stamp duty, takaful, and processing fees. Repayment collected via Biro Perkhidmatan Angkasa salary deduction system.
2. Technology Platform Licensing: Offering technology platforms (NCP, SPAAS, URUS360, etc.) to cooperatives, institutions, employers, and government agencies. Revenue from platform licensing and integration services.
3. Earned Wage Access (Kanz PaydayNow): On-demand payroll solution where employees access earned wages before payday. Revenue model based on transaction fees from employers or usage-based fees.
4. Consumer Financing Products: Various Shariah-compliant consumer financing including Umrah packages, Home Solar, Home Renovation, Audio Equipment financing
5. Motor Takaful Renewal Service: Insurance/takaful renewal services for vehicles through Xanderia Motor Takaful platform

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Xanderia is a Malaysian TechFin company that provides Shariah-compliant Islamic personal financing (IPF) primarily to civil servants through a fully digital platform, including the Kanz Raqami mobile app and Kanz Al-Ilham agent-assisted channel. It also operates a cloud-native technology ecosystem (National Cooperative Platform, SPAAS, URUS360, Xandrix, SYNAP) licensed to cooperatives, financial institutions, employers, and government agencies, and offers earned wage access (Kanz PaydayNow) plus Shariah-aligned takaful products.

Product overview

Xanderia is a TechFin company operating as a multi-platform ecosystem with three main divisions: Technology & AI (cloud-native digital infrastructure), Shariah Financing (Islamic personal and consumer financing products), and Gedung Takaful (Shariah-aligned insurance). The technology ecosystem centers on the National Cooperative Platform (NCP), SPAAS financing engine core, Xandrix Collections, Xandrix PBT, URUS360, Smart AI Voice Bot, and SYNAP payment processing layer. Consumer-facing financing products include Kanz PaydayNow (earned wage access), Kanz Prihatin, Kanz Raqami, Kanz Al-Ilham, and various consumer financing packages for Umrah, home solar, and renovations. The company serves Malaysian civil servants primarily through its digital platform and partners with CUEPACS for financial wellness initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Kanz PaydayNow: Earned wage access mobile application providing employees access to their earned wages on-demand
• Xandrix Collections
• Kanz Prihatin
• Badal Umrah
• Xanderia Travel Takaful
• Xanderia Motor Takaful
• Xandrix PBT
• URUS360
• SPAAS
• SYNAP
• Smart AI Voice Bot
• National Cooperative Platform
• Kanz Raqami
• Kanz Al-Ilham
• CUEPACS Prihatin
• CUEPACS Sedia Bantu

Products and services

• Kanz Prihatin Shariah-compliant personal financing product for Malaysian civil servants providing unsecured financing from RM1,000 to RM200,000 over 1 to 10 years, with annual profit rates of 6.99% to 13.99%, pre-approval within 24 hours and disbursement as fast as 5 working days. Repayment is collected via Biro Perkhidmatan Angkasa salary deduction.
• Kanz Raqami Digital Islamic Personal Financing (IPF) product delivered through a mobile app, offering end-to-end digital application, processing, and management of Shariah-compliant personal financing for Malaysian civil servants.
• Kanz Al-Ilham Islamic personal financing channel for civil servants delivered through a network of appointed marketing agents led by Direct Dollar Sdn Bhd, for applicants who prefer personalized assistance with the application process.
• Kanz PaydayNow On-demand payroll / earned wage access (EWA) mobile application allowing employees to access up to 80% of earned wages within 24 hours of HR approval, reducing reliance on high-interest loans between paydays.
• Badal Umrah Shariah-compliant consumer financing for Umrah pilgrimage services, covering travel expenses including flights, accommodation, transport, and visa fees for Muslim customers.
• Xanderia Travel Takaful Shariah-aligned travel insurance coverage provided through trusted partners for travelers seeking compliant takaful protection.
• Xanderia Motor Takaful Online motor takaful renewal platform offering Shariah-compliant insurance for all types of vehicles with comprehensive coverage and fast processing through takaful.xanderia.com.
• Home Solar Financing Shariah-compliant consumer financing for residential solar panel installation, inverters, and related equipment, supporting customers' transition to renewable energy.
• Home Renovation Financing Shariah-compliant consumer financing for home renovation projects, with a contractor completion guarantee scheme protecting the borrower's interest.
• Home Audio Financing Shariah-compliant consumer financing for home audio equipment including speakers, amplifiers, and accessories.
• Kangen Water Business Entrepreneurship Financing Shariah-compliant financing program for civil servants seeking to start a Kangen water business, combining financial assistance with guidance, modules, and training.
• Xanderia Technology Ecosystem (Platform Suite) Cloud-native, modular suite of platforms licensed to cooperatives, financial institutions, employers, and government agencies, comprising National Cooperative Platform (NCP), SPAAS financing engine, URUS360 cooperative core system, Xandrix PBT digital council platform, Xandrix Collections intelligent recovery, SYNAP payment processing, and Smart AI Voice Bot. Built on microservices, APIs, and configurable business rules supporting both conventional and Shariah-compliant products.
• Xandrix Collections Intelligent recovery system for debt collection, enabling automated handling of delinquent accounts and payment recovery for cooperatives and financial institutions.

Quantifiable outcome

• Pre-approval within 24 hours of application
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature9 records

Partnerships

Ten partnerships are on record, tiered minor, core and flagship.

• Yayasan SunbeamsminorOthers · 18 December 2024Charitable partnership for children's futures through Sunbeam Homes collaboration. Xanderia lights up homes and supports orphanage.
• MyANGKASA BINAcoreStrategic or Co-development Partner · 3 July 2024MoU signed for cooperative digitalization initiatives in Malaysia.
• MDEC (Malaysia Digital Economy Corporation)coreGTM or Marketing Partner · 3 December 2023MDEC-organized business missions to Turkey (December 2023) for MENA region expansion and Indonesia market support. MDEC recognition for Malaysia Digital status.
• CUEPACS (Congress of Unions of Employees in the Public and Civil Service)coreStrategic or Co-development Partner · 27 September 2023Launched CUEPACS Prihatin personal financial restructuring program for civil servants with RM100 million fund targeting 10,000 civil servants. Also launched CUEPACS Sedia Bantu initiative providing financial wellness programs, celik kewangan education, and access to Shariah-compliant financing products.
• Biz Suria ManagementflagshipChannel Partner/ Reseller/ Distributor · 18 August 2023First customer for Kanz PaydayNow earned wage access mobile app. Employees can access 80% of earned wages within 24 hours of HR approval.
• PT Xanderia InvestamacoreStrategic or Co-development Partner · 23 March 2023Indonesian entity established for Shariah-compliant consumer financing expansion. Operating with partners including DEKOPIN, INDOSAT, Sahara, Ko-op partners, and TechFin services partner.
• DEKOPIN (Indonesian Cooperatives)coreChannel Partner/ Reseller/ Distributor · 23 March 2023Partnership to capitalize on unbanked/underserved Indonesian marketplace through cooperative channels.
• Biro Perkhidmatan Angkasa (Angkasa)coreTechnology or IntegrationSalary deduction system provider for monthly instalment collection from civil servant borrowers.
• Direct Dollar Sdn BhdcoreChannel Partner/ Reseller/ DistributorLead appointed agent for Kanz Al-Ilham product distribution through marketing agent network.
• Tan Sri Dr. Mohd Daud Bakar (Amanie Group)minorStrategic or Co-development PartnerShariah advisory and expertise from founder of Amanie Group for CUEPACS Prihatin launch ceremony.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Xanderia.Berhad
• LinkedInlinkedin.com/company/xanderia-sdn-bhd
• Instagraminstagram.com/xanderiabhd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xanderia