Kuala Lumpur, 10 August 2019 – CIMB Group has entered into a partnership with Axiata DIgital Capital (ADC), a fintech services provider under Axiata Digital that provides financing solutions to potentially 700,000 small and medium enterprise (SME) customers in Malaysia and Indonesia through ADC’s Microlending platform, Aspirasi
The partnership aims to strengthen the digital proposition to potentially 700,000 SMEs in Malaysia and Indonesia enabling them to gain access to financing solutions seamlessly and speedily to support their growth.
Therefore it can fulfill SMEs’ unique needs based on their different business life stages. Further, CIMB will also extend end-to-end support for SMEs to expand their businesses both within their home market and off-shore.
Axiata Digital has been focused on accelerating digital adoption by offering innovative financial solutions such as e-wallets, micro-financing, and remittance to narrow the digital divide for Axiata Group Berhad’s over 300 million customers across South and Southeast Asia.
CIMB announced its commitment to disburse RM15 billion to 100,000 SMEs in 2019-2020. To this end, the Bank recently partnered with Credit Guarantee Corporation Malaysia Berhad (CGC) to provide SMEs access to RM2 billion in financing through CGC’s Portfolio Guarantee-i scheme.
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