Lending

HSBC Sets up RM500M Lending Fund for Malaysian Series B Startups and Beyond

HSBC Malaysia has launched a RM500 million lending fund for the local tech-led businesses and emerging startups from Series B stage and beyond. The bank said that the ‘HSBC New Economy Fund’ is part of its commitment to support the

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CTOS Acquires Telco Credit Scoring Firms in Indonesia and Philippines

Credit reporting agency CTOS Digital has acquired 100% of the Philippines-based FinScore and 80% of PT Prime Analytics Indonesia in deals worth US$ 5.9 million and US$ 475,000 respectively. The acquisition of these two telco scoring companies in ASEAN marks

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Funding Societies Partners With CGC Digital to Empower Malaysian MSMEs

SME digital financing platform Funding Societies has partnered with CGC Digital, the fintech subsidiary of Credit Guarantee Corporation Malaysia (CGC) to empower MSMEs in the country. Through the partnership, CGC Digital developed a new digital credit guarantee product for CGC

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Capital A, UnionDigital Bank Offer Fly Now, Pay Later for AirAsia Flights

Capital A has inked a partnership with Philippines’ UnionDigital Bank that includes its three subsidiaries; AirAsia, airasia Superapp, and its fintech arm BigPay. UnionDigital Bank will be providing embedded finance in partnership with BigPay within the airasia Superapp, the main

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Atome’s BNPL Payment Option Now Available on Malaysia’s TikTok Shop

TikTok Shop has integrated Atome‘s buy now, pay later (BNPL) payment option to bolster the e-commerce landscape in Malaysia. Consumers will have the flexibility to make purchases and spread deferred payments over three or six months with Atome now live

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CapBay Surpasses RM1 Billion in P2P Financing

CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, announced that it has disbursed over RM1 billion in P2P funding to more than 400 underserved SMEs in Malaysia. The firm attributed its P2P’s success to its advanced

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Hong Leong Offers Salary Advances With Paywatch’s Earned Wage Access Solution

Hong Leong Bank (HLB) has tied up with earned wage access (EWA) service provider Paywatch Malaysia to launch the HLB Salary Advance Employer Solution. HLB claims to be the first bank in Southeast Asia to back an EWA solution. The HLB

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Funding Societies Rolls Out Islamic Financing Products For Malaysian MSMEs

Digital financing platform Funding Societies has rolled out a suite of Shariah-compliant financing solutions for creditworthy and underserved Malaysian micro, small and medium enterprises (MSMEs) seeking to grow their business. These Islamic financing solutions include Business Term Financing-i, Micro Financing-i,

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Upcoming SCxSC Fintech Event Focuses on Innovative Finance in Agriculture

This year’s SCxSC Fintech Conference on 31 May 2023 aims to explore and harness the role of alternative financing avenues for the agriculture sector. This free conference is organised by the Securities Commission Malaysia (SC) in partnership with the Ministry

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Alliance Bank’s New Credit Card Touted to Be One of the Safest in Malaysia

In recent times, there has been an unfortunate flurry of financial fraud cases such as scams, security breaches, unauthorised access to bank accounts and unauthorised credit card transactions. It was recently reported that losses from financial scams totaled RM39 million

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