Advances AI-Native Capital Platform Strategy Transaction Values Credilab at 1.1× NTA; VCI Global to Retain 30% Equity InterestKUALA LUMPUR, Malaysia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced progress on its strategic restructuring, including an agreement to dispose of its fintech subsidiary, Credilab Sdn Bhd (“Credilab”), through a management buyout at an enterprise valuation of approximately US$43.74 million, representing 1.1× net t ...

Core Insights - Credilab, a fintech subsidiary of VCI Global, has achieved significant milestones in the Southeast Asian digital financing landscape, including a loan book expansion to US$35 million and a 53% year-over-year revenue growth [2][6] - The company has maintained non-performing loans (NPL) below 3%, demonstrating effective risk management through its proprietary credit risk engine [2][4] - Credilab has received conditional approval for a full online lending license from the Malaysian government, which will enhance its ability to provide nationwide financing access [3][6] Company Performance - For the twelve months ending June 2025, Credilab's loan book reached US$35 million, reflecting strong demand from underserved small and medium enterprises (SMEs) [2] - The company reported a 53% increase in revenue year-over-year, indicating robust growth and scalability of its AI-driven model [2] - The NPL ratio remains below 3%, highlighting the effectiveness of Credilab's credit assessment and risk management systems [2][4] Regulatory Developments - Credilab has received conditional approval for a full online lending license from the Ministry of Housing and Local Government of Malaysia, marking a significant regulatory milestone [3] - This approval is expected to facilitate seamless access to financing across Malaysia, aligning with Credilab's mission to democratize credit [3][5] Market Opportunity - As of 2024, micro, small, and medium enterprises (MSMEs) represent 96.1% of all business establishments in Malaysia, indicating their critical role in the economy [5] - Malaysia faces an SME financing gap of approximately US$64 billion, underscoring the substantial unmet demand for financing solutions [5] - Credilab aims to address this gap by offering same-day loan disbursement and alternative credit scoring, thereby promoting financial inclusion [5][6]

Core Insights - VCI Global Limited's fintech subsidiary, Credilab, is emerging as a leader in Southeast Asia's digital financing landscape, achieving significant milestones [1][6] - Credilab expanded its loan book to US$35 million, reflecting a 53% year-over-year revenue growth, driven by strong demand from underserved SMEs [2][6] - The company has maintained non-performing loans (NPL) below 3%, showcasing the effectiveness of its AI-driven credit risk engine [2][4] Company Developments - Credilab received conditional approval for a full online lending license from the Malaysian Ministry of Housing and Local Government, facilitating nationwide access to financing [3][6] - The platform's technology integrates AI for credit assessment and risk management, enabling rapid loan disbursements while ensuring asset quality [4][6] - Credilab aims to address Malaysia's SME financing gap of approximately US$64 billion, with MSMEs constituting 96.1% of all business establishments in the country [5] Future Outlook - Credilab is positioned to scale significantly, potentially evolving into a unicorn in the fintech space due to its strong execution and technology [6] - The platform focuses on financial inclusion by providing accessible micro-financing solutions to underserved individuals, enhancing credit access through advanced technology [8]

Core Insights - VCI Global's fintech subsidiary, Credilab, has received conditional approval for a digital moneylending license from Malaysia's Ministry of Local Government Development, enabling the company to provide AI-driven microloans and SME financing nationwide [1][2][4] Company Overview - Credilab is focused on delivering same-day loans with near-zero non-performing loan rates, utilizing a proprietary decision-making engine that processes real-time behavioral, transactional, and alternative credit data [2][5] - The platform allows for fully automated, end-to-end digital loans, with approvals and disbursements completed in as fast as two minutes [2][3] Operational Efficiency - The license permits Credilab to operate without physical branches, facilitating nationwide scalability with minimal overhead [3] - A fully paperless onboarding process, AI-driven credit scoring, and instant KYC verification enable borrowers to access capital in real time using just a smartphone [3][5] Market Potential - Malaysia's microfinancing market is projected to reach US$11.68 billion by 2032, growing at a CAGR of 17.5% from 2024 to 2032, driven by an expanding middle class and increasing demand for accessible credit solutions [6] - Favorable fiscal policies and government support for fintech innovation are creating a conducive environment for sector growth [6][7] Strategic Positioning - Credilab is well-positioned to meet the credit needs of underserved consumers and SMEs, driving financial inclusion and enhancing economic resilience [7][8] - The digital lending license is seen as a major inflection point in VCI Global's fintech growth journey, reinforcing the commitment to building AI-first financial infrastructure [8]

US$1 Million Funding to Accelerate Credilab’s Push Toward Unicorn Status and Regional Market LeadershipKUALA LUMPUR, Malaysia, April 30, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that its fintech subsidiary, Credilab Sdn Bhd (“Credilab”), a fast-scaling digital lending platform, has secured a strategic investment worth US$1 million from Triple Helix Capital Ltd (“Triple Helix”), a leading Dubai-based private investment fund. Credilab is focuse ...