Boost Bank Disburses Nearly RM150 Mln In Financing To Hundreds Of SMEs

KUALA LUMPUR, May 6 (Bernama) -- Boost Bank has achieved a significant milestone in its journey as Malaysia’s first homegrown digital bank, having disbursed nearly RM150 million in financing to hundreds of small and medium enterprises (SME).

Chief executive officer Fozia Amanulla said that with typical loan sizes around RM300,000, the momentum is driven by the bank’s core financing solutions — namely term loans and revolving credit facilities — designed to meet the diverse needs of SMEs through minimal documentation, fast processing, and flexible repayment options.

“When we started offering SME financing, our mission was clear: to help business owners overcome the financing challenges they often face.

“Reaching this milestone is not just about hitting a target. It is about showing what is possible when financing is made simple, accessible, and centred on the real needs of business owners,” she said in a statement today.

Fozia said hundreds of SMEs have benefited from these solutions, including those in the wholesale, manufacturing, retail, construction and food and beverage sectors — using the fund to support daily operations, manage cash flow, and expand with fewer hurdles and greater flexibility.

Looking ahead, she said Boost Bank will soon introduce a new digital platform specifically designed for SMEs.

“It will go beyond financing to help small businesses manage their money, payments, and operations in one place, making it easier for entrepreneurs to focus on what matters most – growing their business,” she added.

-- BERNAMA