Malaysia Debt Ventures Berhad

What Malaysia Debt Ventures Berhad does

Malaysia Debt Ventures Berhad (MDV) is a Malaysian government-owned development financing institution, wholly owned by the Minister of Finance (Incorporated) and operating under the Ministry of Science, Technology and Innovation (MOSTI). Established in 2002 in Kuala Lumpur, MDV is the nation's largest dedicated technology financier, having disbursed over RM13 billion to more than 1,000 technology companies across approximately 1,184 projects since inception. Its portfolio is composed of 90%+ SMEs and 54% Bumiputera companies, spanning ICT, green technology, biotechnology, and emerging strategic technology sectors.

MDV's product suite is anchored by Project Financing and Venture Financing, the latter structured as venture debt to extend startup cash runway without equity dilution. It has expanded into specialized programmes including the world's first Islamic Venture Financing Programme (launched February 2018), the National Energy Transition Facility (NETF) targeting RM300 million in energy transition financing by end-2025, Liquidity Financing for Technology Start-Ups (LIFTS), and its role as the largest financier under Malaysia's Green Technology Financing Scheme with RM912.4 million approved for 64 green technology companies. MDV also co-manages a RM300 million Fintech Fund with Kenanga Investment Bank and has launched a RM2.0 billion sukuk/bond programme — its first fund raised on a standalone AA3/Stable/P1 corporate credit rating without government guarantee.

Revenue is generated primarily through interest and profit rates on financing facilities extended to technology companies, with pricing benchmarked against conventional financial institutions but flexed to project viability. MDV distributes financing directly through relationship managers, business development teams, and funding clinic sessions across Malaysian states in partnership with state agencies (PKNPk, Digital Perak, STeP, NCIA). Marketing is conducted via events (MDV NextWave, Speed Read interviews), media relations, and the corporate website. As of 2024–2026, the institution continues to operate with a recent CEO transition (Rizal Fauzi appointed August 2024, succeeding Nizam Mohamed Nadzri) and a Chairman transition (Wong Chen appointed May 2023).

Name

Malaysia Debt Ventures Berhad

Legal name

Malaysia Debt Ventures Berhad

Website

https://mdv.com.my

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

Malaysia Debt Ventures Berhad (MDV) is a Malaysian government-owned development financing institution, established in 2002, that provides venture debt, project financing, and specialized financing programmes to technology SMEs across ICT, green technology, biotechnology, and emerging technology sectors.

Ownership category

akta.pro rank

Product category

Development Finance / Technology Financing

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Independent Venture Debt Funds / Platforms (FSANAIAB)

akta.pro secondary industries

Direct Lending — Venture Debt (FSAHAJAD), Venture Debt Providers (FSANAAAL)

Keywords

• Technology financing
• Venture debt
• Project financing
• Green technology financing
• SME lending

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Technology Financing and Lending: MDV generates revenue primarily through interest/profit rates charged on financing facilities extended to technology companies. The company provides flexible and innovative credit financing for technology projects across various stages (startup, growth, expansion). Financing is structured according to project requirements with disbursements and repayments matched to supplier and customer terms.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

MDV provides flexible and innovative credit financing facilities — primarily Project Financing and Venture Financing (venture debt) — to technology companies across startup, growth, and expansion stages. Its portfolio spans ICT, green technology, biotechnology, and strategic emerging technology sectors, with disbursements and repayments matched to supplier and customer terms. Specialized programmes include the Islamic Venture Financing Programme, NETF, LIFTS, the Green Technology Financing Scheme, and a co-managed Fintech Fund.

Product overview

MDV operates as a diversified technology financing company offering a comprehensive suite of financing products across multiple stages and sectors. The company provides Project Financing and Venture Financing as its core products, supplemented by specialized programmes including the Islamic Venture Financing Programme (world's first), National Energy Transition Facility (NETF), Liquidity Financing for Technology Start-Ups (LIFTS), and Green Technology Financing Scheme (GTFS). MDV also manages a RM300 million Fintech Fund in partnership with Kenanga and has launched a RM2.0 billion Sukuk/Bond Programme. The company structures its financing across Startup Stage, Growth Stage, and Expansion Stage to support technology companies throughout their lifecycle. Founded in 2002, MDV has funded more than 1,000 technology companies and disbursed over RM13 billion across ICT, biotechnology, green technology, and emerging technology sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Financing Customized project financing facility where disbursements and repayments are matched with supplier and customer terms, designed for technology projects and contracts. Provides flexible margins and security requirements based on project financing principles and project viability, serving technology companies requiring contract-based capital.
• Venture Financing (Venture Debt) Venture financing facility that enables early-stage technology companies to access capital with less equity dilution for entrepreneurs and existing investors, extending cash runway to achieve development milestones and build enterprise value. Pioneered by MDV in Malaysia to fill the venture-financing gap for growth-stage tech companies.
• Islamic Venture Financing Programme The world's first Shariah-compliant venture financing programme, launched in February 2018, designed to finance early-stage technology companies in compliance with Islamic finance principles. Officiated by the Secretary General of Treasury and structured to fill the venture-financing gap while meeting Shariah requirements.
• National Energy Transition Facility (NETF) A specialized financing facility managed by MDV under MOSTI's mandate to accelerate Malaysia's national energy transition strategy. Targets RM300 million in energy transition financing by end of 2025, with RM122.65 million approved as of August 2025 for energy transition projects supporting a sustainable energy future.
• Liquidity Financing for Technology Start-Ups (LIFTS) A special liquidity programme (formerly TSFRF) providing immediate and targeted cash flow support for technology start-ups, offering financing capped at RM10 million per applicant at low interest rate thresholds. Designed to provide rapid capital injection for working capital needs of technology startups.
• Fintech Fund (joint with Kenanga Investment Bank) A RM300 million Fintech Fund jointly established by MDV and Kenanga Investment Bank Berhad to support the growth of fintech companies and develop Malaysia's Venture Capital industry. Combines equity and debt financing capabilities to serve fintech companies from seed stage through pre-IPO. Both parties serve as joint managers and co-investors on a pro-rata basis with RM25 million each in seed capital.
• Green Technology Financing Scheme (GTFS) Financing under Malaysia's national Green Technology Financing Scheme, where MDV is the highest financier with RM912.4 million approved for 64 green technology companies. Covers renewable energy (RM936.4M approved across projects), energy efficiency (RM128.0M), and water and waste management (RM89.8M) totaling RM1.2 billion approved across 84 green technology projects.

Quantifiable outcome

• Funded 1,000+ technology companies since 2002
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and flagship.

• MDEC (Malaysia Digital Economy Corporation)coreStrategic or Co-development Partner · 16 February 2026MDV partnered with MDEC to support WAHDAH Technologies with a RM2.5 million financing facility. MDEC facilitates ecosystem visibility, market access, and strategic digital adoption programmes while MDV provides financing support. This collaboration reinforces national priorities under Malaysia Digital (MD), RMK12, and AI Nation 2030.
• CapBaycoreStrategic or Co-development Partner · 18 September 2024MDV strengthened fintech partnership with CapBay through a new RM5 million facility to boost SME growth. CapBay provides peer-to-peer financing platform while MDV provides financing support for SMEs in the technology ecosystem.
• KLDXflagshipStrategic or Co-development Partner · 26 September 2023MDV signed an investment agreement with KLDX to boost fundraising for technology companies and startups via Malaysia's first Initial Exchange Offering (IEO) platform. KLDX provides the IEO platform infrastructure while MDV supports eligible technology companies in raising capital through this new channel.
• NCIA (Northern Corridor Implementation Agency)coreStrategic or Co-development Partner · 15 February 2023MDV and NCIA collaborate to accelerate technology development in the Northern Corridor Economic Region (NCER). MDV offers financing schemes for eligible tech companies in energy efficiency, startups, and technology projects. NCIA supports world-class economic region development. Funding clinic sessions conducted for targeted tech companies.
• MOSTI (Ministry of Science, Technology and Innovation)coreOthersMDV is an agency under the purview of MOSTI with mandate to provide financing for technology sector development. MOSTI provides regulatory oversight and strategic direction for MDV's operations.

Scale indicators14 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• InnoVen Capital: Asia's leading venture debt provider offering financing solutions to venture-backed technology companies. Highly comparable as it serves the same startup and growth-stage technology segment through structured debt facilities, providing a private-sector benchmark to MDV's government-backed venture financing.
• Bank Pembangunan Malaysia Berhad: Malaysian government-owned development financial institution providing financing for strategic sectors. Highly comparable as a DFI under the same MOF Inc ecosystem, serving developmental mandates through credit intermediation rather than commercial banking.
• Malaysian Technology Development Corporation (MTDC): Malaysian government agency under MOSTI providing technology commercialization and financing support. Highly comparable as it operates within the same MOSTI ecosystem and serves the same technology company target market, though MTDC leans more equity-oriented.
• TEKUN Nasional: Malaysian government agency providing financing to Bumiputera SMEs and entrepreneurs. Comparable as a government-backed credit institution serving Malaysian SMEs with developmental financing mandates.
• SME Bank Malaysia: Malaysian government-owned development bank specifically serving SMEs. Comparable as a government-backed credit institution with developmental financing mandate targeting SME segments overlapping with MDV's 90%+ SME portfolio.

Broad incumbents

• Export-Import Bank of Malaysia (EXIM Bank): Malaysian government-owned DFI providing credit facilities to support exports and strategic industries. Comparable as a government-backed credit institution serving development mandates, with MDV's CBO Marazizi Omar having previously served there.
• Cagamas Berhad: Malaysian national mortgage corporation providing liquidity and funding solutions to financial institutions. Comparable as a government-backed credit institution operating under similar MOF oversight, though focused on mortgage rather than technology financing.
• International Finance Corporation (IFC): World Bank Group's private sector arm providing debt and equity financing in emerging markets. Comparable as a multilateral development institution providing venture and growth financing to technology companies in developing markets.
• Asian Development Bank (ADB): Multilateral development bank providing financing for development priorities across Asia-Pacific. Comparable as a regional development finance institution with technology and infrastructure mandates.

Emerging players

• CapBay: Malaysian P2P financing platform providing working capital to SMEs. Comparable as a partner of MDV in the Malaysian SME financing ecosystem, representing an emerging private-sector alternative to MDV's venture debt offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/83864
• Facebookfacebook.com/malaysiadebtventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malaysia Debt Ventures Berhad