Credilab Sdn Bhd, a Kuala Lumpur, Malaysia-based digital lending platform, secured a strategic funding price US$1m from Triple Helix Capital Ltd, a Dubai-based non-public funding fund.
The corporate intends to make use of the funds to speed up its platform enlargement, broaden its monetary product suite, and execute a market entry technique.
Credilab is a proprietary fintech platform designed to streamline the digital lending course of, from on-line functions and credit score scoring to Know Your Buyer (KYC) verification and disbursement. It provides custom-made monetary analytics, strengthens regulatory compliance, and ensures safe cost processing.
Key options embody:
- Immediate Money Loans with minimal documentation
- Quick Processing Instances for quick disbursements
- Versatile and Handy Compensation Choices
The corporate has achieved fast development. Within the first half of 2024, Credilab recorded US$0.7 million in income. Moreover, its mortgage e-book worth grew by 67%, reaching US$13.3 million as of June 2024.
A fintech subsidiary of VCI World Restricted (NASDAQ: VCIG), Credilab operates below a licensed cash lending enterprise accepted by the Ministry of Housing and Native Authorities in Malaysia.
FinSMEs
01/05/2025
