DCAP Holdings, a Malaysian fintech company focused on promoting financial inclusion, has bagged an undisclosed strategic investment led by Gobi Partners.
The capital will help DCAP accelerate its mission to provide equitable financial solutions to marginalised communities across Malaysia.
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Founded in 2020 by Sonia Ng and Wilson Kok, DCAP leverages AI, machine learning (ML), data analytics, and automation to address the financial challenges of underserved and unserved consumers. Its 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 services for the underbanked.
Its AI/ML-powered Credit Scoring Model and Mobility Hire Purchase Lending solutions offer tailored and affordable financing options by seamlessly connecting financiers with borrowers through its proprietary tech-driven platform.
The company’s data-centric approach allows for fairer lending terms, designed for lower-income individuals, who currently account for 92 per cent of its customer base.
The startup partners with banks, credit companies, motorcycle dealers, and cooperatives. Since 2022, the company has provided green vehicle financing for electric two-wheelers (E2Ws).
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Gobi’s investment is driven by DCAP’s potential to disrupt predatory lending by providing innovative financial solutions that empower vulnerable consumers. Using its proprietary risk framework, DCAP offers transparent loan options for lower-income groups. Its advanced credit scoring models enable accurate risk assessments, driving the digital transformation of traditional motorcycle retailers while helping borrowers access fairer financing.
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