Boost Bank has reached a significant milestone by disbursing nearly RM150 million in financing to small and medium enterprises (SMEs) across Malaysia. The digital lender, which made headlines as the first locally grown digital bank in the country, reports that hundreds of SMEs have accessed funding through its Term Loan and Revolving Credit facilities.
With an average loan size of RM300,000, the bank’s SME financing initiatives point to a growing appetite for accessible, technology-driven business funding. The facilities offer streamlined applications, rapid approvals, and adaptable repayment terms—features designed to ease financing for entrepreneurs often overlooked by traditional banks.
“Reaching this milestone is not just about hitting a target,” said Fozia Amanulla, CEO of Boost Bank. “It’s about showing what’s possible when financing is made simple, accessible, and built around the real needs of business owners. This also reflects how fast digital solutions are reshaping the way businesses operate.”
The bank’s funding has supported SMEs across diverse sectors such as wholesale, manufacturing, construction, F&B, and retail. Many of these businesses fall into segments traditionally underserved by conventional financial institutions, highlighting Boost Bank’s role in addressing critical funding gaps in the ecosystem.
Looking ahead, the bank is preparing to launch a dedicated digital platform tailored for SMEs. Slated for release later this year, the platform aims to provide a comprehensive interface for financing, payments, cash flow, and operational management—positioning Boost Bank not just as a lender, but as a full-suite digital partner for small businesses.
By combining financial access with digital innovation, Boost Bank continues to redefine SME banking in Malaysia—an important step toward a more inclusive and agile financial landscape.
