Malaysian fintech firm DCAP Holdings has raised funding from venture capital firm Gobi Partners to support financial inclusion for underserved communities.
The investment was made through the Gobi Dana Impak Ventures (GDIV) fund, backed by Khazanah Nasional Berhad.
Founded in 2020 by Sonia Ng and Wilson Kok, DCAP provides a Lending-as-a-Service (LaaS) model, enabling traditional financial institutions to improve their processes and expand services to underserved consumers.
Using AI, machine learning, and data analytics, DCAP’s platform offers financial services tailored for lower-income groups, who make up 92% of its clientele.
More than 55% of DCAP’s customers are reportedly based outside urban areas.
DCAP collaborates with banks, credit companies, motorcycle dealers, and cooperatives to offer lending options, including a green financing initiative for electric two-wheelers introduced in 2022.
The GDIV investment is expected to help DCAP continue to provide accessible loan options and improve financial services for vulnerable groups.

Jamaludin Bujang, Managing Partner (Malaysia) of Gobi Partners said,
“We see DCAP’s vision to empower the underbanked through innovative financial products as a key step towards financial inclusion.
DCAP’s proprietary technology offers a transformative solution to an underserved market, and we believe our investment will enable them to expand their impact and help more Malaysians improve their livelihoods.”

Sonia Ng, Co-founder and CEO of DCAP, added,
“Our recent partnership with cooperatives has empowered women in underserved segments by expanding access to financial services that support entrepreneurship, savings, and economic independence.
We aim to enter new verticals, including affordable housing and other consumer financing products, to further advance financial inclusion across the region.”
Featured image: (From left) Jamaludin Bujang, Managing Partner (Malaysia) of Gobi Partners; Wilson Kok, Co-Founder, DCAP; Sonia Ng, Co-founder and CEO of DCAP; Thomas G. Tsao, Co-founder, Gobi Partners