Credilab Receives $1M Investment from Triple Helix Capital
Summary
The company intends to use the funds to accelerate its platform expansion, broaden its financial product suite, and execute a market entry strategy. 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. Additionally, its loan book value grew by 67%, reaching US$13.3 million as of June 2024. A fintech subsidiary of VCI Global Limited (NASDAQ: VCIG), Credilab operates under a licensed money lending business approved by the Ministry of Housing and Local Government in Malaysia.
Funding
Amount
$1.0M
Total raised
Date
May 1, 2025
Announcement date
Investors
-
Lead investors
Company
-
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected