CGC Digital, the fintech subsidiary of Credit Guarantee Corporation Malaysia Berhad (CGC), today announced a strategic collaboration with B2B Finpal, a leading peer-to-peer (P2P) financing platform, aimed at broadening access to financing for Malaysia’s micro, small, and medium enterprises (MSMEs).
This collaboration introduces a bespoke credit guarantee scheme by CGC Digital to support B2B Finpal’s Purchase Financing product; an innovative, short-term financing solution designed to help MSMEs meet capital needs during procurement cycles. The initiative addresses long-standing financing gaps by combining digital innovation with tailored risk- sharing mechanisms.
Key features of the Purchase Financing programme include:
· Financing of up to RM300,000 – Empowering MSMEs to fulfil larger purchase orders
· Short-term tenure of up to 120 days – Supporting efficient procurement and fulfilment without immediate financial strain
· Fast approvals within five days – Ensuring quick access to funds when MSMEs need it most
The partnership marks the first phase of a broader, scalable programme, with both parties committed to co-developing more financing products to further strengthen MSME financial inclusion across Malaysia.
In addition, the Purchase Financing product will be made available on imSME, Malaysia’s first online financing referral platform for MSMEs, operated by CGC Digital. This integration is set to increase visibility and accessibility, helping more businesses identify and secure suitable financing solutions.
“This partnership reflects our commitment to accelerating MSME growth by collaborating with alternative finance providers,” said Yushida Husin, CEO of CGC Digital. “At CGC Digital, we champion open and inclusive partnerships that go beyond platforms. By embracing innovation and collaboration, we are building a more inclusive financing ecosystem that meets the evolving needs of Malaysian MSMEs.”
Through this strategic alliance, CGC Digital and B2B Finpal are poised to make a meaningful impact on the country’s MSME financing landscape.
-NIAGATIMES
