Heaptalk, Jakarta — Malaysian fintech DCAP Holdings Sdn Bhd (DCAP) bags fresh funds for an undisclosed amount from Gobi Partners. This investment was made through the Gobi Dana Impak Ventures (GDIV) fund backed by Khazanah Nasional Berhad, which intends to empower Malaysian businesses of all sizes and across different life cycles, including startups, small to mid-tier as well as large companies, to improve the livelihood of communities.
Founded in 2020, DCAP addresses the financial challenges of underserved and unserved consumers. The company’s go-to-market Lending-as-a-Service (LaaS) model allows traditional financiers to embrace digital transformation to streamline processes, enhance customer reach, and offer more accessible, efficient services to serve the underbanked.
“Our partnership with cooperatives has empowered women in underserved segments by expanding access to financial services that support entrepreneurship, savings, and economic independence. We aim to enter new verticals, including affordable housing and other consumer financing products, to further advance financial inclusion across the region,” Co-founder and CEO of DCAP, Sonia Ng, conveyed.
DCAP’s innovative approach leverages artificial intelligence (AI), machine learning (ML), data analytics, and automation to provide custom-tailored lending options considering individual credit histories. The company’s advanced Credit Scoring Model and Mobility Hire Purchase Lending solutions cater to lower-income groups, constituting 92% of its customer base. Through its platform, DCAP has made significant strides in non-urban areas outside of Klang Valley, with 55% of its clientele residing in rural regions, highlighting its role in advancing financial accessibility across Malaysia.
In its journey, DCAP has partnered with banks, credit companies, motorcycle dealers, and cooperatives. Since 2022, the company has provided green vehicle financing for electric two-wheelers (E2Ws), reinforced its commitment to Environmental, Social, and Governance (ESG) principles, and offered more options to traditional financiers and the underbanked.
“DCAP’s proprietary technology offers a transformative solution to an underserved market, and we believe our investment will enable them to broaden their impact and help more Malaysians improve their livelihoods,” Managing Partner of Gobi Partners, Jamaludin Bujang, said.
