Malaysia’s fintech firm DCAP receives investment from Gobi Dana Impak Ventures

The Malaysian FinTech company DCAP Holdings Sdn Bhd (DCAP), which aims to promote financial inclusion and mobility ownership for the underbanked, was the target of a strategic investment led by Asia-focused venture capital firm Gobi Partners.

In line with Khazanah Nasional Berhad’s Dana Impak mandate, this investment was made through the Gobi Dana Impak Ventures (GDIV) fund.

DCAP said in a statement on Tuesday that Gobi’s investment will help the organization expedite its goal of offering fair financial solutions to underserved communities throughout Malaysia.

Wilson Kok and Sonia Ng founded DCAP in 2020 with the goal of addressing the financial difficulties faced by unserved and underserved consumers.

The business’s go-to-market Lending-as-a-Service (LaaS) model enables conventional financiers to adopt digital transformation in order to improve customer reach, streamline procedures, and provide more easily accessible and effective services to the underbanked.

DCAP has played a key role in closing gaps in financial accessibility through its creative application of automation, data analytics, machine learning (ML), and artificial intelligence (AI). By facilitating the smooth connection between lenders and borrowers via its in-house technology platform, the company’s AI/ML-powered Credit Scoring Model and Mobility Hire Purchase Lending solutions provide customized and reasonably priced financing options.

Since 92 percent of DCAP’s clientele is currently lower-income, their data-centric approach enables more equitable lending terms tailored to their needs. These communities have been greatly impacted by DCAP thus far, especially those outside of the Klang Valley, where non-urban areas account for 55% of their clientele.

Banks, credit providers, motorcycle dealers, and cooperatives are among DCAP’s partners. Offering more options to traditional financiers and the underbanked, the company has been at the forefront of green vehicle financing for electric two-wheelers (E2Ws) since 2022, demonstrating its dedication to Environmental, Social, and Governance (ESG) principles.

Gobi’s investment is motivated by DCAP’s potential to upend predatory lending by offering creative financial solutions that give weaker consumers more power.

DCAP provides lower-income groups with transparent loan options through its proprietary risk framework. Its sophisticated credit scoring models facilitate precise risk evaluations, propelling traditional motorcycle retailers’ digital transformation and assisting borrowers in obtaining more equitable financing.

Jamaludin Bujang, Managing Partner (Malaysia) of Gobi Partners said, “We see DCAP’s vision to empower the underbanked through innovative financial products as a key step towards financial inclusion. DCAP’s proprietary technology offers a transformative solution to an underserved market, and we believe our investment will enable them to expand their impact and help more Malaysians improve their livelihoods.”

Sonia Ng, Co-founder and CEO of DCAP, added, “DCAP addresses the financial needs of the underbanked, boosting social mobility and strengthening economic resilience. Our recent partnership with cooperatives has empowered women in underserved segments by expanding access to financial services that support entrepreneurship, savings, and economic independence. We aim to enter new verticals, including affordable housing and other consumer financing products, to further advance financial inclusion across the region.”