Seedflex’s upcoming Series A fundraising is aimed at accelerating growth rather than addressing financial constraints, according to co-founder Ritwik Ghosh.
“This is not about runway or survival. It’s about whether we can accelerate growth in Malaysia and other markets,” he said.
The company last raised US$3.2 million in a seed extension round in May 2025, co-led by Z Venture Capital (ZVC) and Iterative, with participation from 500 Global and several strategic angel investors.
Ghosh noted that existing investors have expressed strong interest in participating in the upcoming round, including one backer that increased its stake following the seed extension.
He added that the fundraising comes amid a more stable and selective investment climate for fintech companies compared with late 2024. Investors, he said, are now prioritising “proven platforms, scale, positive unit economics, and a clear path to profitability.”
Operationally, Seedflex has disbursed approximately RM100 million in Malaysia to date and is currently originating about RM20 million in financing per month. The company’s average financing tenure ranges between 1.5 and two months.
Seedflex now serves more than 10,000 micro, small and medium enterprises (MSMEs), double its customer base six months ago. It maintains a non-performing loan (NPL) ratio of between 1% and 1.5%, supported by an automated repayment model that deducts payments directly from merchants’ future sales.
The company has a team of 25 full-time employees and expects to achieve group-level profitability by the end of the second quarter of 2026.
Regionally, Seedflex is expanding cautiously. In Indonesia, where it secured regulatory approval last year, the company is adopting a pilot-first and partner-led strategy. It is also exploring entry into a third market, positioning itself as a pure technology and risk management platform.
