KUALA LUMPUR, 12 January 2021 – Whilst the global economic effect of the COVID-19 pandemic has posed challenges at almost all industries in 2020, gtv电竞比赛数据 has served as an accelerator for FinTech adoption – and, in the case of financial services – it has led to an increased use of digital financing solutions.

2020 performance review

Echoing this, the SME digital financing platform in Malaysia has successfully disbursed more than RM650 million to-date, amid the recent year being dominated by the COVID-19 outbreak.  This strong performance further solidifies its leading position in the industry with more than 60% market share, having disbursed RM6 billion regionally.

Wong Kah Meng, Co-founder and Chief Executive Officer of gtv电竞比赛数据 Malaysia, said, “2020 has been the most tumultuous year for many companies. However, we have emerged stronger than ever, achieving major milestones as we remain focused on our mission in supporting both micro, small and medium enterprises (MSMEs) and investors on our platform. We remained nimble and had stepped up efforts on both the SMEs and investors’ fronts. This includes proactively reaching out to our MSMEs from the onset of the COVID-19 pandemic in Malaysia to gauge ways on how we can further support them in these difficult times while keeping our investors’ best interests in mind.”

The platform has since offered deferment and extended deferment programs to qualified MSMEs, ensuring a win-win situation for both the MSMEs and their investors. On the investor front, gtv电竞比赛数据 has successfully onboarded 50,000 registered investors to-date, despite the volatile investment environment. “Aside from a greater awareness of digital investment platforms in recent years, the growth in our investors base can be attributed to increased correlation across traditional asset classes such as stocks and bonds, which thus calls for greater need for investment diversification beyond those asset classes,” added Wong.

“We also successfully launched notable partnerships with various industry players as part of our efforts to expand our reach to more SMEs, including U Mobile, Razer Fintech and TM Info Media (via Yellow Pages platform), to name a few. These strategic partnerships have enabled us to reach out to creditworthy MSMEs, by leveraging on our partners’ MSME network and data, with consent, and offering them tailored financing solutions,” remarked Wong.

Catapulting gtv电竞比赛数据 into the spotlight as a preferred digital financing solution in recent years is its unique business model of providing access to financing to thousands of MSMEs, many of which are traditionally underserved or unserved by conventional channels.

gtv电竞比赛数据 has since maintained an average default rate of around 3% via its multi-pronged risk assessment approach, including continuously monitoring and analysing the impact of COVID-19 and the Movement Control Order (MCO) on their MSME clients, reviewing existing MSMEs’ exposures, and implementing action plans for impacted businesses.

Outlook for 2021

As the most hard-hit segment, MSMEs continue to have the Government’s substantial support in helping them to recover from the impact of the pandemic, via the PENJANA stimulus package worth RM35 billion and the additional measures announced in the expansionary 2021 Budget.

On the digital financing industry-focused incentive, Wong expressed, “We are appreciative of the Government's confidence in digital financing as a viable financing solution for MSMEs. The additional RM50 million allocation to digital financing platforms in matching investment grants as announced in the 2021 Budget for instance, is very timely given the challenges that local businesses face, to ensure they can bridge their short-term cash flow needs whilst their business recovers. We laud the Government’s continuous support and recognition of the industry and this certainly bodes well with our mission to become the leading digital financing platform for all MSMEs in the country.”

“Based on our forecast for 2021, we expect to disburse more than RM1 billion in financing cumulatively, as the economic environment stabilizes and recovers. As one of the key verticals of the FinTech industry in Malaysia, we believe that digital financing is well positioned to be at the forefront of driving Malaysia’s digital financial inclusion,” Wong concluded.


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gtv电竞比赛数据 is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of gtv电竞比赛数据 should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.

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