US$1 Million Funding to Accelerate Credilab’s Push Toward Unicorn Status and Regional Market Leadership
KUALA LUMPUR, Malaysia, April 30, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that its fintech subsidiary, Credilab Sdn Bhd (“Credilab”), a fast-scaling digital lending platform, has secured a strategic investment worth US$1 million from Triple Helix Capital Ltd (“Triple Helix”), a leading Dubai-based private investment fund.
Credilab is focused on promoting financial inclusion by providing same-day loan disbursements to the microfinance and small and medium-sized enterprise (SME) segments that have historically been underserved by traditional banks. Operating under a licensed money lending business approved by the Ministry of Housing and Local Government in Malaysia, Credilab leverages cutting-edge technology to streamline the entire lending process – from loan applications and credit scoring to contract execution and disbursements – while ensuring regulatory compliance and secure payment processing for a seamless customer experience.
Building on its innovative platform and operational excellence, Credilab has achieved rapid growth, positioning itself as a next-generation fintech startup with unicorn potential. In the first half of 2024, Credilab recorded US$0.7 million in revenue, representing a 116% year-over-year increase, while maintaining a near-zero Non-Performing Loan (NPL) rate, setting a new benchmark in credit technology. Additionally, Credilab’s loan book value grew by 67%, reaching US$13.3 million as of June 2024, reflecting strong demand and engagement across its target segments.
Powered by a scalable and resilient lending model that minimizes credit risk and unlocks capital for underserved markets, Credilab is entering an aggressive growth phase. Strengthened by the strategic investment from Triple Helix, the company is accelerating its platform expansion, broadening its financial product suite, and executing a market entry strategy aimed at delivering exponential revenue growth and long-term value creation for stakeholders. Credilab is firmly positioning itself to become a category-defining leader in the global fintech landscape.
“This strategic investment by Triple Helix validates Credilab’s innovative business model, robust financial performance, and exceptional risk management. We believe Credilab is well on its way to becoming a major fintech success story in Southeast Asia and beyond,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About Credilab Sdn Bhd
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.
Focused on financial inclusion, Credilab provides accessible micro-financing solutions to underserved individuals, bridging the credit gap with advanced technology and user-centric design.
Key features of Credilab include:
- Instant Cash Loans with minimal documentation
- Short Processing Times for fast disbursements
- Flexible and Convenient Repayment Options
About Triple Helix Capital Ltd
Triple Helix is an investment management company based in the DIFC and licensed by the DFSA. The firm specializes in sourcing and managing investment opportunities across sectors, including digital healthcare, biotech, education, and technology. By leveraging strong relationships with sovereign wealth funds, financial institutions, and family groups, Triple Helix Capital focuses on acquiring, restructuring, and divesting portfolio assets at attractive valuations, aiming to generate value for its investors. The company’s experienced team has deep ties to the GCC, with expertise in private equity, venture capital, and regional economic development.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.