• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    VCI Global's High-Growth Fintech Startup Credilab Secures Strategic Investment from Dubai Fund

    4/30/25 7:49:00 AM ET
    $VCIG
    Diversified Commercial Services
    Consumer Discretionary
    Get the next $VCIG alert in real time by email

    KUALA 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 focused on promoting financial inclusion by providing same-day loan disbursements to the microfinance and small and medium-sized enterprise (SME) 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.

    Building on its innovative platform and operational excellence, Credilab has achieved rapid growth, positioning itself as a next-generation fintech startup with unicorn potential. In the first half of 2024, Credilab recorded US$0.7 million in revenue, representing a 116% year-over-year increase, while maintaining a near-zero Non-Performing Loan (NPL) rate, setting a new benchmark in credit technology. Additionally, Credilab's loan book value grew by 67%, reaching US$13.3 million as of June 2024, reflecting strong demand and engagement across its target segments.

    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.

    "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," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

    About Credilab Sdn Bhd

    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.

    Focused on financial inclusion, Credilab provides accessible micro-financing solutions to underserved individuals, bridging the credit gap with advanced technology and user-centric design.

    Key features of Credilab include:

    • Instant Cash Loans with minimal documentation
    • Short Processing Times for fast disbursements
    • Flexible and Convenient Repayment Options

    For more information, please log on to https://www.credilab.my/. 

    About Triple Helix Capital Ltd

    Triple Helix is an investment management company based in the DIFC and licensed by the DFSA. The firm specializes in sourcing and managing investment opportunities across sectors, including digital healthcare, biotech, education, and technology. By leveraging strong relationships with sovereign wealth funds, financial institutions, and family groups, Triple Helix Capital focuses on acquiring, restructuring, and divesting portfolio assets at attractive valuations, aiming to generate value for its investors. The company's experienced team has deep ties to the GCC, with expertise in private equity, venture capital, and regional economic development.

    For more information, please visit https://triplehelixcapital.com/.

    About VCI Global Limited

    VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.

    For more information on the Company, please log on to https://v-capital.co/. 

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

    CONTACT INFORMATION:

    For media queries, please contact:

    VCI GLOBAL LIMITED

    [email protected]



    Primary Logo

    Get the next $VCIG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $VCIG

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $VCIG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • VCI Global Revises Equity Agreement with 102% Premium Pricing, Enhancing Strategic Flexibility

      KUALA LUMPUR, Malaysia, May 22, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global"), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced a significant amendment to its equity line agreement with Alumni Capital LP ("Alumni Capital"). The revised terms underscore VCI Global's disciplined capital strategy and reinforce its commitment to long-term shareholder value. Under the revised terms, any future equity issuance to Alumni Capital will be priced at 102% of the lowest trading price over the preceding five trading days, a notable improvement from the previ

      5/22/25 5:00:00 PM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • VCI Global's Fintech Arm Advances Toward Full Digital Lending Rollout with Regulatory Approval, Targeting Two-Minute Loan Disbursements

      KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global") today announced that its fintech subsidiary, Credilab Sdn Bhd ("Credilab" or the "Company") has secured a conditional approval for a digital moneylending license from Malaysia's Ministry of Local Government Development ("KPKT"). This regulatory green light marks a significant milestone in the company's mission to democratize access to fast, AI-driven financing across Southeast Asia. Credilab is spearheading VCI Global's fintech expansion strategy by delivering same-day loans with near-zero non-performing loan (NPL) rates. Its proprietary decision-making engine processes real-time beh

      5/15/25 8:33:00 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • VCI Global Reports Explosive Growth Across AI, Technology, and Fintech; Solidifies Position as Southeast Asia's IPO Powerhouse

      KUALA LUMPUR, Malaysia, May 13, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company"), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, is proud to announce its audited financial results for the financial year ended December 31, 2024 (the "Financial Results"). VCI Global delivered record-high revenue of US$27.8 million for fiscal year 2024, marking a 41% year-over-year (YoY) increase, driven by strong performance across capital market consultancy, technology, and fintech segments.Gross profit rose 39% YoY to US$22.9 million, reflecting discipline

      5/13/25 11:44:49 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary

    $VCIG
    Leadership Updates

    Live Leadership Updates

    See more
    • VCI Global Completes Founder Group Limited's IPO on Nasdaq, Records US$5.2 Million in Revenue

      KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) (Frankfurt: H0T) ("VCI Global" or the "Company") is thrilled to announce the successful IPO of its client, Founder Group Limited's (NASDAQ:FGL) ("FGL") on Nasdaq on October 23, 2024. FGL is a leading Malaysian solar engineering, procurement, construction and commissioning (EPCC) company that was spun off from Reservoir Link Energy Berhad, a Bursa Malaysia-listed company. With expertise in capital market consultancy, VCI Global facilitated FGL's entire IPO journey, culminating in its trading debut on Wednesday, which resulted in a market capitalization exceeding US$65 million and raised US$4.875 milli

      10/24/24 7:33:00 AM ET
      $FGL
      $VCIG
      Engineering & Construction
      Consumer Discretionary
      Diversified Commercial Services
    • VCI Global Appoints Victor Lee as Executive Director

      KUALA LUMPUR, Malaysia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) (Frankfurt: H0T) ("VCI Global" or the "Company"), a diversified holding company with expertise in consulting, fintech, AI, robotics and cybersecurity, is pleased to announce the appointment of its new executive director, Victor Lee, starting November 1, 2024. This strategic transition is designed to strengthen the Company's leadership and better align with its evolving business landscape and go-forward strategy. VCI Global is pleased to welcome Mr. Victor Lee to the board as Executive Director, succeeding Marco Baccanello. Mr. Victor Lee is a seasoned private equity professional with 28 years

      10/21/24 8:31:00 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • Treasure Global Inc Announces New Chief Executive Officer

      NEW YORK and KUALA LUMPUR, Malaysia, June 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, today announced the appointment of Mr. Carlson Thow as its new Chief Executive Officer, succeeding Mr. Sam Teo, who has resigned from his position. Mr. Thow, previously the Group Chief Legal Officer of Nasdaq-listed VCI Global Limited (NASDAQ:VCIG), brings extensive expertise in corporate leadership, business strategy, and driving successful business transformations. During his tenure at VCI Global Limited, Mr. Thow played a pivotal role in guiding the company through a successful transition from a private

      6/14/24 7:50:00 AM ET
      $TGL
      $VCIG
      Business Services
      Consumer Discretionary
      Diversified Commercial Services

    $VCIG
    Financials

    Live finance-specific insights

    See more
    • VCI Global to Announce Fiscal Year 2024 Financial Results on May 13, 2025

      KUALA LUMPUR, Malaysia, April 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company"), today announced that it will release its financial results for fiscal year 2024, ended December 31, 2024, before markets open on May 13, 2025. VCI Global's management team will hold an earnings call at 8:00 a.m. Eastern Time on May 13, 2025, to discuss the Company's financial and business outlook. Please call the conference telephone number 10 minutes prior to the start time. To access the call, please register at the following link to receive the dial-in number and a unique PIN:https://register-conf.media-server.com/register/BI02d2528b595241a2a67cb0a96fc71ca0 An a

      4/29/25 8:30:00 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • VCI Global Expands AI Footprint with US$33 Million in AI Infrastructure Contracts Across Three Enterprises

      KUALA LUMPUR, Malaysia, March 24, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company"), a leading provider of technology solutions, is pleased to announce the acquisition of three significant contracts totaling US$33 million for the deployment of advanced AI infrastructure solutions. These projects are set to enhance clients' computing capabilities, enabling the efficient management and processing of AI model distillation with a combined capacity of 6 trillion parameter distillation. VCI Global's AI infrastructure solutions will be deployed across three major clients, each operating in distinct high-growth industries: Hexatoff Group Sdn Bhd ("Hexa

      3/24/25 8:33:00 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business

      KUALA LUMPUR, Malaysia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global"), through its AI subsidiary, AI Computing Center Malaysia Sdn. Bhd. ("AICC" or the "Company") proudly announces a major AI asset acquisition through Super Micro Computer, Inc. (NASDAQ:SMCI) ("Supermicro"). This strategic investment entails the procurement of state-of-the-art 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core Graphics Processing Units ("NVIDIA H200 GPUs"), for the launch of its AI cloud business. AICC's investment of over US$25 million marks a significant milestone in its journey to becoming a leading AI infrastructure provider. This investment is expected

      1/27/25 8:33:00 AM ET
      $SMCI
      $VCIG
      Computer Manufacturing
      Technology
      Diversified Commercial Services
      Consumer Discretionary

    $VCIG
    SEC Filings

    See more
    • SEC Form F-3 filed by VCI Global Limited

      F-3 - VCI Global Ltd (0001930510) (Filer)

      5/22/25 4:46:10 PM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • Amendment: SEC Form 144/A filed by VCI Global Limited

      144/A - VCI Global Ltd (0001930510) (Subject)

      5/14/25 3:32:36 PM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • SEC Form 20-F filed by VCI Global Limited

      20-F - VCI Global Ltd (0001930510) (Filer)

      5/13/25 1:20:21 PM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary

    $VCIG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by VCI Global Limited

      SC 13G - VCI Global Ltd (0001930510) (Subject)

      12/6/24 6:01:22 AM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by VCI Global Limited

      SC 13G/A - VCI Global Ltd (0001930510) (Subject)

      9/17/24 6:46:46 PM ET
      $VCIG
      Diversified Commercial Services
      Consumer Discretionary