Morakot Technology Co., Ltd.

Morakot Technology Co. , Ltd. specializes in delivering cloud-based core banking solutions, designed for microfinance institutions and banks, enabling streamlined financial operations and enhanced service delivery. Founded in 2014 in Phnom Penh, Cambodia, Morakot Technology Co.

, Ltd. focuses on developing technology solutions for the financial sector. The company has secured venture funding, with its most recent investment occurring in November 2017 from Smart Axiata. Sophorth Khuon serves as the CEO, contributing to the company's strategic vision alongside founders Buntha Ly and Phally POR.

Morakot has executed a total of 1 deal to date. Morakot Technology specializes in cloud-based core banking solutions tailored for microfinance institutions and banks. Its flagship product is a comprehensive Core Banking System designed to facilitate processes such as customer onboarding, loan underwriting, and case management, incorporating custom credit scoring and workflow capabilities. This platform serves a diverse client base across Southeast Asia, particularly in Cambodia and Singapore.

The architecture of Morakot's system supports scalability and flexibility, enabling institutions to adapt swiftly to market changes. Morakot Technology generates revenue through subscription models and partnerships with financial institutions utilizing its core banking solutions. The revenue structure primarily involves transactional agreements, where clients subscribe to services that include HR, accounting, and e-request functionalities. While specific pricing details are not disclosed, the holistic package offered by Morakot enhances operational efficiencies for its clients.

Morakot Technology plans to leverage recent funding from its November 2017 deal to enhance its product offerings and streamline market entry strategies. The company is focused on launching new products aimed at further optimizing its core banking solutions. Additionally, Morakot aims to expand its presence in new markets, with particular interest in Southeast Asian territories by 2025. This strategic growth initiative highlights the company's commitment to evolving and adapting its services to meet the demands of a changing financial landscape.