KUALA LUMPUR: Boost Bank has announced it has disbursed nearly RM150mil in small and medium enterprise (SME) financing to hundreds of SMEs across the country.
In a statement, the digital bank said the disbursements - in typical tranches of RM300,000 - were driven by its core financing solutions of terms loan and revolving credit facilitieis.
Boost Bank CEO Fozia Amanulla said the milestone was representative of how fast digital solutions are reshaping the way businesses operate.
"At Boost Bank, we’re committed to supporting SMEs not just with financing, but also with the right tools and services to help them run and grow their businesses confidently in the digital age.”
She added that Boost Bank will soon introduce a new digital platform designed especially for SMEs.
"It will go beyond financing to help small businesses manage their money, payments, and operations all in one place, and making it easier for entrepreneurs to focus on what matters most – growing their business," she said.
