Latest news with #TripleHelix
Associated Press
30-04-2025
- Business
- Associated Press
VCI Global's High-Growth Fintech Startup Credilab Secures Strategic Investment from Dubai Fund
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: For more information, please log on to 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 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 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]
Sharjah 24
18-03-2025
- Business
- Sharjah 24
SRTI Park set to boost research through collaboration with UOS
The key initiative aims to accelerate applied research and create seamless pathways between academia, industry, and government. As part of this collaboration, SRTI Park has resolved to work across multiple sectors, including mobility, healthcare, sustainability, and advanced manufacturing to develop and commercialise real-world solutions. Key focus areas Among the key focus areas of the collaboration are: Aviation & Aerospace (Utilising AI optimisation to enhance industry efficiency); Healthcare & MedTech (Advancing 3D-printed medical devices for improved patient outcomes); Sustainability & Circular Economy (Innovating solar panel recycling to promote sustainable practices); and Smart Mobility & Logistics (Supporting zero-emission solutions to drive environmental responsibility). Through its engagement with the UOS Commercialisation Committee, SRTI Park seeks to facilitate industry-academia collaboration via structured engagement models. The Park will also provide commercialisation expertise to help researchers transition innovations from the lab to the market, ensuring impactful contributions to Sharjah's socio-economic development. Dr. Fareed Alameeri, Chief Strategy Officer at SRTIP, explained: "This major collaboration reflects our ongoing mission to convert Research and Development into real-world solutions. By connecting academia with industry and government, we are strengthening the Triple Helix model of innovation and positioning Sharjah as a global hub for research and commercialisation." Dr. Fareed was accompanied by Nicola Bettio, Director of Innovation and Research Ecosystem, and Dr. Asma Mahmoud Fikri, Director of Government and Corporate Partnerships, as part of the SRTI Park delegation. Their participation underscores SRTI Park's dedication to fostering strong institutional partnerships that bridge the gap between research and industry, ensuring that groundbreaking innovations reach their full potential. SRTI acknowledged the support of Prof. Hamid Al Naimiy, Chancellor of University of Sharjah, in advancing this partnership, paving the way to unlocking new opportunities for the Emirate, and fostering innovation that benefits both public and private sectors. The initiative underlines SRTI Park's commitment to creating a thriving innovation ecosystem that nurtures sustainable solutions and drives the UAE's vision for a knowledge-based economy.
Zawya
18-03-2025
- Business
- Zawya
SRTI Park set to boost applied research through enhanced collaboration with University of Sharjah
Sharjah, UAE: The Sharjah Research, Technology and Innovation Park (SRTI Park) has reinforced its commitment to driving industry-focused innovation by actively participating in the University of Sharjah (UoS) Commercialization Committee, a body that oversees the development of the University's strategic approach to commercialisation of research and innovation. The key initiative aims to accelerate applied research and create seamless pathways between academia, industry, and government. As part of this collaboration, SRTI Park has resolved to work across multiple sectors, including mobility, healthcare, sustainability, and advanced manufacturing to develop and commercialize real-world solutions. Among the key focus areas of the collaboration are: Aviation & Aerospace (Utilizing AI optimization to enhance industry efficiency); Healthcare & MedTech (Advancing 3D-printed medical devices for improved patient outcomes); Sustainability & Circular Economy (Innovating solar panel recycling to promote sustainable practices); and Smart Mobility & Logistics (Supporting zero-emission solutions to drive environmental responsibility). Through its engagement with the UoS Commercialization Committee, SRTI Park seeks to facilitate industry-academia collaboration via structured engagement models. The Park will also provide commercialization expertise to help researchers transition innovations from the lab to the market, ensuring impactful contributions to Sharjah's socio-economic development. Dr. Fareed Alameeri, Chief Strategy Officer at SRTIP, explained: "This major collaboration reflects our ongoing mission to convert Research and Development into real-world solutions. By connecting academia with industry and government, we are strengthening the Triple Helix model of innovation and positioning Sharjah as a global hub for research and commercialization." Dr. Fareed was accompanied by Nicola Bettio, Director of Innovation and Research Ecosystem, and Dr. Asma Mahmoud Fikri, Director of Government and Corporate Partnerships, as part of the SRTI Park delegation. Their participation underscores SRTI Park's dedication to fostering strong institutional partnerships that bridge the gap between research and industry, ensuring that groundbreaking innovations reach their full potential. SRTI acknowledged the support of Prof. Hamid Al Naimiy, Chancellor of University of Sharjah, in advancing this partnership, paving the way to unlocking new opportunities for the Emirate, and fostering innovation that benefits both public and private sectors. The initiative underlines SRTI Park's commitment to creating a thriving innovation ecosystem that nurtures sustainable solutions and drives the UAE's vision for a knowledge-based economy.
