Funding
Fingular Lands $20 Million Silverstreak Facility to Expand Malaysia Lending
By News Desk ·
Key takeaways
- Fingular secured a $20 million credit facility from Singapore-based private credit investor Silverstreak.
- The facility lifts total funding for Fingular's Malaysian lending business to more than $50 million.
- Fingular said its group has been profitable every quarter since the fourth quarter of 2025 and raised paid-up capital fivefold to $37 million since the start of 2026.
Fingular has secured a $20 million credit facility from investment group Silverstreak, with the entire amount to be deployed in Malaysia. DealStreetAsia reported the facility lifts total funding for the group's Malaysian lending business to more than $50 million.
How Fingular Will Use the Silverstreak Facility
Fingular plans to expand its consumer and small and medium-sized enterprise lending business in Malaysia with the facility, according to the announcement. The group offers conventional and Shariah-compliant financing, including consumer loans and micro-SME financing with tenures of up to 14 months.
"Malaysia remains our priority market, where we see the strongest opportunities for growth and long-term shareholder value creation," said Konstantin Barabanov, general manager of Fingular.
Its AhaPay platform provides buy now, pay later services to more than 2,000 merchants, including merchant financing and QR-linked payment solutions. The group's Malaysian financial platform has more than 2.6 million registered users.
Fingular, founded in October 2021 and headquartered in Kuala Lumpur, said its group had been profitable every quarter since the fourth quarter of 2025. It is backed by institutional lenders from Japan, the European Union, and Singapore. The group said it has increased its paid-up capital fivefold to $37 million since the start of 2026, while its capital adequacy ratio has exceeded 25%.
Silverstreak is a Singapore-based investment group focused on private credit that provides long-term capital to non-bank financial institutions across emerging Asia. "This investment reinforces our strategy of backing lending fintech platforms that leverage cutting-edge technology to advance financial inclusion across Emerging Asia with long-term capital," said Rajarajan Mohan, Chief Investment Officer of Silverstreak. The facility will be monitored through Silverstreak Analytics' proprietary platform, SilverstreakIQ, which tracks credit and portfolio performance.
Fingular's Malaysia Product Record
According to akta.pro company records, Fingular announced the launch of Tazee, a Shariah-first consumer financing brand in Malaysia, in March 2026. The brand carries independent Shariah certification and structures products using Tawarruq via an in-house Digital Commodity Trading Platform. The same records list Wawasan Sdn. Bhd. as the operating entity for Tazee in Malaysia.
SME Lending Deals Elsewhere in the Region
Bizcap doubled its Fast Business Loan limit from $500,000 to $1 million for Australian SMEs, Australian FinTech reported on October 27, 2026. Finbee Verslui raised a €55 million senior secured credit facility from Pollen Street, expanding from €35 million, Vestbee reported on October 21, 2026. Riverchain International secured a US$10 million funding commitment from dLab Asset Management, PR Newswire APAC reported on October 28, 2026.