CIMB Group, Axiata Digital to provide financing solutions to SMEs


Victor Lee Meng Teck, CEO of Group Commercial Banking, CIMB Group (fourth right) and Sheyantha Abeykoon, CFO of Axiata Digital and Director of Axiata Digital Capital (fourth left) with (L-R) Ankur Jakhwal, Director of Business Development & Operations; Manzur Rahman, Director of Marketing, Customer Experience & Innovation; and Gurpreet Khera, Head of Strategy & Partnerships from Axiata Digital Capital; and Ahmad Shazli Kamarulzaman, Deputy CEO; Alice Wong, Head Regional Digital & Ecosystem, Group Commercial Banking; and Annuar Aziz, Director Regional Digital & Ecosystem, Group Commercial Banking from CIMB Group at the partnership signing between CIMB Group and Axiata Digital Capital that will provide financing solutions to potentially 700,000 small and medium enterprise (SME) customers in Malaysia and Indonesia through ADC’s Micro lending platform, Aspirasi.

KUALA LUMPUR: CIMB Group has teamed up with Axiata Digital Capital (ADC) to provide financing solutions to 700,000 small and medium enterprise (SME) customers in Malaysia and Indonesia.

The provision of the solutions would be through fintech services provider Axiata Digital Capital’s micro lending platform, Aspirasi, the two companies said in a joint statement on Friday.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

Touch ‘n Go eWallet, Firefly in strategic partnership Premium
DNB to minimise 5G rollout complexity Premium
DBS CEO says hard for digital banks to gain market share in Singapore Premium
Malaysia attains good performance for SDGs in 2020 Premium
Stocks stumble as bond traders turn to jobs data Premium
Gold heads for weekly fall as Fed officials strike hawkish tone Premium
The Royal Award for Islamic Finance invites global nominations Premium
Malaysia records increase in external trade unit values in October Premium
Didi Global plans to delist from New York, seek listing in Hong Kong Premium
Musk sells Tesla shares worth $1.01 billion - filings Premium

Others Also Read


Vouchers