Kuala Lumpur’s CREDIAB Secures Major Investment to Accelerate Financial Inclusion
Kuala Lumpur, Malaysia – April 30, 2025 – VCI Global Limited (Nasdaq: VCIG) has announced a significant strategic investment in its subsidiary, CREDIAB SDN BHD, a rapidly scaling digital financial platform, amounting to $1 million from Helix, a private investment fund based in Dubai.
Empowering Microfinance and SMEs
CREDIAB is dedicated to enhancing financial inclusion by providing same-day loan disbursements specifically tailored for microfinance segments and small to medium-sized enterprises (SMEs). This demographic has historically faced challenges in accessing financial resources from traditional banking institutions.
Innovative Technology for Streamlined Processes
Operating under the auspices of an approved silver loan company sanctioned by Malaysia’s Ministry of Housing and Local Governments, CREDIAB employs advanced technology to streamline the entire loan process. This includes everything from loan applications and credit ratings to contract executions and disbursements, ensuring compliance with regulations while offering a secure and transparent customer experience.
Impressive Growth and Performance Metrics
In the first half of 2024, CREDIAB showcased remarkable growth with a turnover of $0.7 million, representing a 116% year-over-year increase. Additionally, the company has maintained an almost zero non-performing loan (NPL) rate, establishing a new benchmark in credit technology. As of June 2024, CREDIAB’s loan accounting value surged by 67%, reaching $13.3 million, indicating a strong demand and commitment to its target market.
A New Era of Growth for CREDIAB
With a resilient loan model that minimizes credit risk, CREDIAB is poised for aggressive growth. The infusion of capital from Triple Helix will facilitate the company’s expansion of its platform, enhance its suite of financial products, and implement strategies aimed at exponential revenue growth and long-term value creation for stakeholders.
Leadership Insights on the Investment
Dato` Victor Hoo, Group Executive President and CEO of VCI Global, stated, “This strategic investment from Triple Helix validates CREDIAB’s innovative business model, robust financial performance, and exceptional risk management. We believe that CREDIAB is well-positioned for significant success in Southeast Asia and beyond.”
About CREDIAB SDN BHD
CREDIAB stands out as a pioneering fintech platform designed to rationalize the digital loan process, providing services ranging from online applications and credit assessments to customer verification (KYC) and disbursement. By focusing on financial inclusion, CREDIAB offers accessible micro-funding solutions, leveraging technology and user-centered design to bridge the credit gap.
Key Features of CREDIAB’s Offerings
- Instant cash loans with minimal documentation
- Quick processing times for fast disbursement
- Flexible and practical repayment options
For more information, visit CREDIAB’s official website.
About Triple Helix Capital Ltd
Based in the DIFC and licensed by the DFSA, Triple Helix is an investment management firm specializing in a variety of sectors, including digital health care, biotechnology, education, and technology. By leveraging strong relationships with sovereign funds and financial institutions, the company aims to deliver attractive investment opportunities and generate value for its investors.
To learn more about Triple Helix Capital, visit their website.
About VCI Global Limited
VCI Global is a diversified global portfolio company focusing on key areas like AI, fintech, cybersecurity, and renewable energy. With a robust presence across Asia, Europe, and the United States, VCI Global is committed to driving technological innovation and sustainable growth across various sectors.
For business inquiries, visit VCI Global’s official site.
Disclaimer on Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. These statements involve assumptions about the company’s future capabilities and performance and should not be relied upon as guarantees of actual results. Many factors could cause actual outcomes to differ significantly from those anticipated, including the ability to achieve profitable operations and changes in market demand.
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