Boost Bank disburses $35.52M to hundreds of SMEs in Malaysia

Boost Bank disburses $35.52M to hundreds of SMEs in Malaysia

Malaysia’s digital bank Boost Bank said Tuesday it has disbursed close to MYR 150 million ($35.52 million) financing disbursements across hundreds of small and medium-sized enterprise (SMEs). The bank said in a statement that as the first digital bank in Malaysia to roll out financing solutions exclusively for SMEs, this achievement reaffirms Boost Bank’s strong support in driving financial inclusion and empowering underserved small businesses. …

Boost Bank Disburses Nearly RM150 Million in SME Financing - Fintech News Malaysia

Boost Bank, Malaysia’s first homegrown digital bank, has disbursed close to RM150 million in financing to hundreds of SMEs in Malaysia. The average loan size of around RM300,000 reflects growing demand for accessible business funding. The financing has been extended through the bank’s Term Loan and Revolving Credit facilities, which are designed to offer simplified application processes, quicker approvals, and flexible repayment terms. The finan…