VCI Global subsidiary Credilab secures $1M investment from Triple Helix

VCI Global (VCIG) announced that its fintech subsidiary, Credilab, has secured a strategic investment worth $1M from Triple Helix Capital, a Dubai-based private investment fund. The company said, “Credilab is focused on promoting financial inclusion by providing same-day loan disbursements to the microfinance and small and medium-sized enterprise 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…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.”