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VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company"), a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems, today announced major milestones for its fintech subsidiary, Credilab Sdn Bhd ("Credilab"), as it strengthens its position as an emerging leader in the Southeast Asia's digital financing landscape.
For the twelve months ended June 2025, Credilab expanded its loan book to US$35 million, delivering 53% year-over-year revenue growth. This achievement reflects not only the strong demand for financing from underserved small and medium enterprises (SMEs) but also the scalability of Credilab's AI-driven model. Importantly, the platform has maintained non-performing loans (NPL) below 3%, underscoring the strength of its proprietary credit risk engine in ensuring responsible, sustainable growth.
Building on this momentum, Credilab has received conditional approval for a full online lending license from the Ministry of Housing and Local Government of Malaysia ("KPKT"). This regulatory milestone represents a significant step toward enabling seamless, nationwide access to financing, further advancing Credilab's mission of democratizing credit while unlocking new revenue streams at scale.
Posted In: VCIG
