In a powerful cross-border move, Dubai-based venture capital firm Triple Helix Capital has just invested US$1 million into Malaysia’s rising fintech star, Credilab — marking another exciting step in MENA’s growing influence across Southeast Asia’s startup scene.
Credilab is making SME lending Faster and Simpler
If you’re an entrepreneur, you probably know how tough it can be to get a loan from a traditional bank — especially if you’re running a small or micro-business. That’s exactly the gap Credilab, a Kuala Lumpur-based fintech company, is filling. They’re offering same-day digital loans to SMEs, using advanced tech to simplify what’s usually a time-consuming and paperwork-heavy process.
And their solution is working. In just the first half of 2024, Credilab saw:
- ✅ 116% revenue growth, hitting US$0.7 million
- ✅ A loan book worth US$13.3 million
- ✅ A nearly perfect non-performing loan rate — almost unheard of in lending
All this while operating under the official approval of Malaysia’s Ministry of Housing and Local Government.
The Triple Helix Factor
Triple Helix Capital, headquartered in Dubai International Financial Centre (DIFC), is known for its sharp investments across tech, healthcare, biotech, and education. This US$1M injection into Credilab will help the company:
- ✅ Scale its technology infrastructure
- ✅ Roll out new digital lending products
- ✅ Accelerate growth across Southeast Asia
This isn’t just about money — it’s about building momentum in a region hungry for smart financial solutions.
Dato’ Victor Hoo, Group Executive Chairman & CEO of VCI Global (Credilab’s parent company), said:
“This investment validates Credilab’s strong business model, risk management, and financial performance. We’re thrilled to have Triple Helix on board as we scale across Southeast Asia and beyond.”
MENA to SEA: A Growing VC Bridge led by Triple Helix
This deal reflects a broader trend: MENA-based VCs increasingly looking toward Southeast Asia for high-impact, scalable opportunities. With digital transformation sweeping the region, fintech startups like Credilab are perfectly positioned to grow fast — and make a real difference for local communities.
And with investors like Triple Helix bringing both capital and regional credibility, Credilab’s journey could be just getting started.
A Note on Risk
As always, future growth comes with some uncertainty. VCI Global highlighted that results depend on factors like market trends, consumer demand, and macroeconomic conditions — but with this new funding and a strong track record, Credilab seems well-equipped to navigate what’s ahead.