Open For Business

BFM Media

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

  1. 20h ago

    Replacing SWIFT With Stablecoins for Cross Border Payments

    Traditional cross-border payments are plagued by a severe lack of predictability. Relying on an outdated correspondent banking network and the SWIFT system, global money transfers are often slow and leave customers waiting without any clarity on when their funds will arrive. Raj Kamal, an executive with two decades of experience in the payments industry, realised the core issue was a lack of universal regulation. In 2022, he founded TransFi, betting that fiat-pegged stablecoins could provide instant settlement without the need for trusted counterparties, effectively bypassing the cumbersome legacy system entirely. Focusing heavily on emerging markets, TransFi allows customers to transact using familiar local payment methods like DuitNow. Behind the scenes, the platform seamlessly converts the local currency into stablecoins to move the value across borders, before instantly paying it out in the recipient's local currency. This ensures a faster, highly predictable experience where the end-user never actually has to handle cryptocurrency. To manage this safely at scale, the company heavily integrates AI for rigorous global compliance checks, real-time transaction reconciliation, and automated customer service capabilities. Serving institutions, large remittance companies, and e-commerce merchants, TransFi operates at a cost up to 50 percent lower than traditional alternatives. This operational efficiency has driven massive growth, leading to a $19.2 million Series A funding round led by Turing Financial Group in March 2026. Having already processed over $1 billion in volume with 16 times revenue growth since their seed round, Raj joins us to discuss his strategy for hitting $5 billion in transaction volume this fiscal year and why he believes stablecoins will completely reshape the global payments industry by 2030. See omnystudio.com/listener for privacy information.

    28 min
  2. 1d ago

    Same Founder, Different City, Completely Different Business.

    In April 2019, Muhammad Hamizan Zaidi opened Affogato, a popular coffee and ice cream dessert cafe in Kuching. Capitalising on a loyal community following, the concept soon expanded into a second lot right next door to become Oregano by Affogato, a pasta-forward restaurant blending Sarawakian ingredients with Italian fusion. Together, these ventures built the foundation of a seven-figure multi-brand F&B business. Encouraged by his success in Sarawak, Mizan made the bold decision to expand into Petaling Jaya. However, the operational realities of West Malaysia proved vastly different from his home base. Facing the stark contrasts and intense pressures of running an F&B outlet in Kuala Lumpur compared to Kuching, the Petaling Jaya expansion struggled. To rescue the business, Mizan successfully secured capital from new investors, executing a major strategic pivot that saw the PJ location completely rebrand from Oregano into Warung Jakarta. Mizan joins us to discuss the realities of expanding an independent F&B brand across the South China Sea. We explore the distinct differences in consumer behaviour and operational demands between the Kuching and KL markets. He also shares the heavy emotional responsibility of managing a team through a business rescue, and why his ultimate goal for his portfolio is building deep, sustainable artisan character rather than chasing aggressive scale. See omnystudio.com/listener for privacy information.

    22 min

About

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

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