Key Takeaways
- • Malaysian fintech Fingular secured a US$20 million private credit facility from Singapore-based investment group Silverstreak, announced on October 28, according to the company and DealStreetAsia coverage.
- • The entire facility will be deployed in Malaysia to expand Fingular's consumer and SME lending business, lifting the group's total funding for its Malaysian lending operations to more than $50 million.
- • Fingular reports profitability 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%.
- • Silverstreak, which provides long-term capital to non-bank financial institutions across emerging Asia, said the deal reinforces its strategy of backing lending fintech platforms; the facility will be monitored via its SilverstreakIQ platform.
Summary
Fingular, a Kuala Lumpur-headquartered fintech group founded in October 2021, has secured a US$20 million credit facility from Silverstreak, a Singapore-based private credit investor, the company announced on October 28, according to DealStreetAsia and other coverage. The entire facility will be deployed in Malaysia, where Fingular plans to expand its consumer and small and medium-sized enterprise lending business. With the new facility, the group's total funding for its Malaysian lending business exceeds $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 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.
According to the company, the group has been profitable every quarter since the fourth quarter of 2025. It has increased its paid-up capital fivefold to $37 million since the start of 2026, and its capital adequacy ratio has exceeded 25%. Fingular is backed by institutional lenders from Japan, the European Union, and Singapore.
General manager Konstantin Barabanov said, "Malaysia remains our priority market, where we see the strongest opportunities for growth and long-term shareholder value creation." Silverstreak Chief Investment Officer Rajarajan Mohan 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 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.
According to the company, the group has been profitable every quarter since the fourth quarter of 2025. It has increased its paid-up capital fivefold to $37 million since the start of 2026, and its capital adequacy ratio has exceeded 25%. Fingular is backed by institutional lenders from Japan, the European Union, and Singapore.
General manager Konstantin Barabanov said, "Malaysia remains our priority market, where we see the strongest opportunities for growth and long-term shareholder value creation." Silverstreak Chief Investment Officer Rajarajan Mohan 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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