VCI Global’s fintech arm Credilab grows loan book to $35 million

KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a fintech company with a market capitalization of $23.66 million, announced Thursday that its fintech subsidiary Credilab Sdn Bhd has expanded its loan book to $35 million for the twelve months ended June 2025, representing 53% year-over-year revenue growth. According to InvestingPro data, the company has maintained strong revenue momentum, with a 37% growth in the last twelve months.

The company reported maintaining non-performing loans below 3%, which it attributes to its AI-driven credit risk assessment technology. This efficient risk management is reflected in the company’s strong financial health, earning a "GREAT" rating from InvestingPro’s comprehensive analysis. Credilab has also received conditional approval for a full online lending license from Malaysia’s Ministry of Housing and Local Government.

"By embedding AI into our credit assessment and risk management systems, we have been able to deliver rapid loan disbursements while maintaining strong asset quality," said Henry Chai, Group Chief Technology Officer of VCI Global, according to the company’s press release.

The company focuses on providing financing to small and medium enterprises (SMEs) in Malaysia, where such businesses comprise 96.1% of all business establishments as of 2024. According to data cited in the announcement, Malaysia faces an SME financing gap of approximately $64 billion.

Credilab offers features including instant cash loans with minimal documentation, short processing times, and flexible repayment options. The platform aims to serve underserved SMEs and micro-entrepreneurs through same-day loan disbursement and alternative credit scoring methods.

VCI Global describes itself as a cross-sector platform builder integrating technology with financial architecture, operating across fintech, AI, robotics, and cybersecurity sectors. The company maintains impressive gross profit margins of 54% and a healthy current ratio of 9.36, indicating strong operational efficiency. For deeper insights into VCI Global’s financial metrics and growth potential, investors can access detailed analysis through InvestingPro, which offers 16 additional exclusive ProTips and comprehensive valuation models.

In other recent news, VCI Global Limited announced a significant $22 million contract to provide sovereign AI infrastructure to Codetext (BVI) Limited. This agreement involves delivering a full-stack AI system with military-grade encryption and NVIDIA-powered compute systems, ensuring secure and high-performance operations. In addition, VCI Global has launched a new subsidiary, VCI Energy Limited, focusing on clean energy and infrastructure projects, with Victor Lee appointed as CEO. The company has also formed a joint venture backed by 18,000 bitcoin, valued at approximately $2.16 billion, to develop infrastructure for asset tokenization and encrypted storage services. VCI Global will hold a 70% equity stake in this venture, managing commercialization and infrastructure. Following the ASEAN AI Summit 2025, VCI Global secured multiple enterprise commitments and government-level proof-of-concept projects, showcasing its advanced encryption and AI technologies. These developments highlight VCI Global’s expanding footprint in AI and clean energy infrastructure.

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