Key Takeaways
- • Fintech group Fingular secured a $20 million credit facility from Singapore-based private credit investor Silverstreak to expand its Malaysian lending business.
- • The entire facility will be deployed in Malaysia to grow consumer and SME lending, lifting total funding for the Malaysian lending business to more than $50 million.
- • Fingular reports profitability in every quarter since Q4 2025, paid-up capital increased fivefold to $37 million since the start of 2026, and a capital adequacy ratio above 25%.
- • The group's Malaysian platform has more than 2.6 million registered users and its AhaPay BNPL service serves over 2,000 merchants.
Summary
Fingular, a fintech group headquartered in Kuala Lumpur and founded in October 2021, has announced that it secured a $20 million credit facility from investment group Silverstreak as it seeks to further expand in Malaysia. According to the announcement, the full facility will be deployed in Malaysia, where Fingular plans to grow its consumer and small and medium-sized enterprise (SME) lending business. The new facility lifts the group's total funding for its Malaysian lending business to more than $50 million.
Fingular offers conventional and Shariah-compliant financing, including consumer loans and micro-SME financing with tenures of up to 14 months. Its AhaPay platform provides buy now, pay later (BNPL) services to more than 2,000 merchants, including merchant financing and QR-linked payment solutions. The group's Malaysian financial platform has more than 2.6 million registered users. The company said it had been profitable every quarter since the fourth quarter of 2025, and that it has increased its paid-up capital fivefold to $37 million since the start of 2026, while its capital adequacy ratio has exceeded 25%. Fingular is backed by institutional lenders from Japan, the European Union, and Singapore.
Konstantin Barabanov, general manager of Fingular, said, "Malaysia remains our priority market, where we see the strongest opportunities for growth and long-term shareholder value creation."
Silverstreak is a Singapore-based investment group focused on private credit, providing long-term capital to non-bank financial institutions across emerging Asia. Rajarajan Mohan, Chief Investment Officer of Silverstreak, said the investment "reinforces our strategy of backing lending fintech platforms that leverage cutting-edge technology to advance financial inclusion across Emerging Asia with long-term capital." The facility will be monitored through Silverstreak Analytics' proprietary platform, SilverstreakIQ, which tracks credit and portfolio performance.
Fingular offers conventional and Shariah-compliant financing, including consumer loans and micro-SME financing with tenures of up to 14 months. Its AhaPay platform provides buy now, pay later (BNPL) services to more than 2,000 merchants, including merchant financing and QR-linked payment solutions. The group's Malaysian financial platform has more than 2.6 million registered users. The company said it had been profitable every quarter since the fourth quarter of 2025, and that it has increased its paid-up capital fivefold to $37 million since the start of 2026, while its capital adequacy ratio has exceeded 25%. Fingular is backed by institutional lenders from Japan, the European Union, and Singapore.
Konstantin Barabanov, general manager of Fingular, said, "Malaysia remains our priority market, where we see the strongest opportunities for growth and long-term shareholder value creation."
Silverstreak is a Singapore-based investment group focused on private credit, providing long-term capital to non-bank financial institutions across emerging Asia. Rajarajan Mohan, Chief Investment Officer of Silverstreak, said the investment "reinforces our strategy of backing lending fintech platforms that leverage cutting-edge technology to advance financial inclusion across Emerging Asia with long-term capital." The facility will be monitored through Silverstreak Analytics' proprietary platform, SilverstreakIQ, which tracks credit and portfolio performance.
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