Credilab Sdn Bhd, a Kuala Lumpur, Malaysia-based digital lending platform, secured a strategic investment worth US$1m from Triple Helix Capital Ltd, a Dubai-based private investment fund.
The company intends to use the funds to accelerate its platform expansion, broaden its financial product suite, and execute a market entry strategy.
Credilab is a proprietary fintech platform designed to streamline the digital lending process, from online applications and credit scoring to Know Your Customer (KYC) verification and disbursement. It offers customized financial analytics, strengthens regulatory compliance, and ensures secure payment processing.
Key features include:
- Instant Cash Loans with minimal documentation
- Short Processing Times for fast disbursements
- Flexible and Convenient Repayment Options
The company has achieved rapid growth. In the first half of 2024, Credilab recorded US$0.7 million in revenue. Additionally, its loan book value grew by 67%, reaching US$13.3 million as of June 2024.
A fintech subsidiary of VCI Global Limited (NASDAQ: VCIG), Credilab operates under a licensed money lending business approved by the Ministry of Housing and Local Government in Malaysia.
FinSMEs
01/05/2025