VCI Global Limited announced that its fintech subsidiary, Credilab Sdn Bhd, has secured a strategic investment worth US$1 million from Triple Helix Capital Ltd, a Dubai-based private investment fund. Credilab is a fast-scaling digital lending platform focused on financial inclusion.
Credilab operates under a licensed money lending business approved by the Ministry of Housing and Local Government in Malaysia, leveraging technology to streamline the lending process. In the first half of 2024, Credilab recorded US$0.7 million in revenue, a 116% year-over-year increase, while maintaining a near-zero Non-Performing Loan rate.
This strategic investment validates Credilab’s innovative business model and robust financial performance. It will accelerate platform expansion, broaden its financial product suite, and support market entry strategies aimed at exponential revenue growth.
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