Fingular has secured a US$20 million credit facility from Singapore-based Silverstreak Group. The fintech group will use the funds to expand near-prime consumer and SME financing in Malaysia. Fingular offers consumer lending, micro-SME financing, and the AhaPay buy now, pay later service.
Use of funds
The full facility will be deployed in Malaysia. It will support near-prime consumer and SME lending. With the new credit line, total funding for Fingular's Malaysian lending business exceeds US$50 million.
Company position
Fingular is headquartered in Kuala Lumpur and was founded in October 2021. Its Malaysian platform serves more than 2.6 million registered users. The company ranks as the second-largest non-bank lender in the country after Shopee by financing disbursed.
Products and monitoring
The Malaysian platform offers conventional and Shariah-compliant products. Its AhaPay buy now, pay later service is used by more than 2,000 merchants. The credit facility will be monitored through SilverstreakIQ from Silverstreak Analytics.
Fingular's paid-up capital has grown fivefold to US$37 million since the beginning of 2026. Its capital adequacy ratio now exceeds 25%. The group has been profitable every quarter since Q4 2025.