Credilab Secures $1M Boost from Dubai’s Triple Helix to Transform SME Lending

Editorial Team

Last updated 2-05-2025

3 min

Credilab, a fintech firm, received a US$1 million investment from Dubai's Triple Helix Capital.

They offer same-day digital loans to micro-businesses, simplifying what is traditionally a complex process.

Credilab's revenues surged 116% in 2024's first half, with a loan book of US$13.

3 million.

The investment will enhance their tech capabilities and expand lending products at a crucial phase.

Credilab is poised to become a significant fintech player in Southeast Asia and beyond.

If you've ever applied for a loan through traditional banks, you'll know just how long and frustrating the process can sometimes be, especially for small businesses or individual borrowers who don't necessarily tick every box. Well, Credilab, the fast-growing fintech subsidiary of VCI Global Limited, is looking to change precisely that. Now, they've just landed a significant thumbs-up: a strategic investment of US$1 million from Dubai-based investment fund, Triple Helix Capital Ltd.

Credilab, based in Kuala Lumpur, provides same-day digital loans using cutting-edge technology tailored for micro-businesses and SMEs. These are exactly the people who've typically struggled with securing credit from conventional banks. Operating under Malaysia's regulatory approval from the Ministry of Housing and Local Government, Credilab simplifies the lending journey – from your initial online application right the way through to prompt loan disbursement, ensuring compliance and security along the way.

The fintech company has certainly shown impressive growth. Their revenues hit US$0.7 million in the first half of 2024, jumping by a hefty 116% compared with the previous year. Even better news: they've maintained a near-perfect non-performing loan rate (almost unheard of in the lending business), building a loan book of US$13.3 million by June 2024. Clearly, they're doing something right.

The new funding injection from Triple Helix – an experienced investment management group operating out of Dubai's financial hub, DIFC – will allow Credilab to seriously ramp up its tech capabilities, broaden its suite of lending products, and speed up its growth at a critical moment. Triple Helix is known for savvy investments in sectors like tech, education, biotech, and healthcare, regularly securing robust returns for clients across sovereign wealth funds, family businesses, and financial institutions.

Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global, summed up the significance of this investment nicely: “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.”

Arageek readers might recall fintech stories of innovative startups transforming finance before, but this one feels particularly exciting. Credilab's knack for combining clever digital tools with microfinance could well reshape the sector across the region — here's hoping this growth continues, as easy acess to reliable credit can make a real difference to local communities and entrepreneurs alike.

Of course, future performance always carries some uncertainty, something companies highlight routinely in investment news. VCI Global's statement noted precisely this, reminding investors that achievements can vary widely based on market conditions, competitor offerings, customer acceptance, and broader global economic shifts—including the lingering effects of COVID-19.

Still, with its healthy backing, technological innovation, and growing customer base, Credilab looks very much like one fintech venture well-worth keeping tabs on over the next couple of years.

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