Boost Credit
Boost Credit, operated by Axiata Digital Capital Sdn. Bhd., is a Malaysian digital SME financing platform offering Shariah-compliant Capital loans (up to RM2M, 48-hour disbursement), Invoice Financing, and merchant BNPL via the Boost ecosystem, targeting Malaysian SMEs needing fast, collateral-free working capital.
- Company typePrivate
- Founded2023
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Boost Credit does
Boost Credit is the digital SME financing and micro-insurance brand of Axiata Group, operated through the legal entity Axiata Digital Capital Sdn. Bhd. in Malaysia. It targets Malaysian small and medium enterprises requiring fast, collateral-free working capital, offering a portfolio of Shariah-compliant products structured under the Commodity Murabahah concept: Capital (SME business financing up to RM2,000,000 with 48-hour disbursement and tenures up to 36 months), CapitalX (short-term financing), Invoice Financing (up to RM1,000,000 against unpaid invoices), Boost PayFlex for Biz (merchant BNPL), Boost Financing, and Biz Merchant Wallet. The platform runs a fully digital, self-serve application process via myboost.co and the broader Boost app ecosystem, with direct bank-account disbursement and FPX-based repayment collection.
The underlying technology is a digital lending and merchant payments stack integrated into the wider Boost fintech ecosystem, including the Boost consumer app, Boost Bank savings products, DuitNow QR, POS, and BoostBiz App, plus the EasyEat restaurant-management vertical. Revenue is generated through profit rates of 1.5% per month (18% annualized) on financed amounts, a RM50 Wakalah fee, plus processing, stamping and Sales and Services Tax charges. Distribution is product-led and self-serve, supported by content marketing and social media (Facebook, Instagram, LinkedIn, YouTube), and the business is wholly owned by Axiata Group as part of its digital financial services division.
Boost Credit firmographics
Firmographics- Name
- Boost Credit
- Legal name
- Axiata Digital Capital Sdn. Bhd.
- Website
- https://aspirasi.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Boost Credit, operated by Axiata Digital Capital Sdn. Bhd., is a Malaysian digital SME financing platform offering Shariah-compliant Capital loans (up to RM2M, 48-hour disbursement), Invoice Financing, and merchant BNPL via the Boost ecosystem, targeting Malaysian SMEs needing fast, collateral-free working capital.
- Ownership category
- akta.pro rank
Boost Credit industry classification
Industry- Product category
- SME Digital Lending
- NAICS
- Credit Intermediation and Related Activities (522), Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153), Finance Services (6199)
- akta.pro industry
- SME Term Loans & Growth CapitalMerchant Cash Advance (MCA) & Revenue-Based Financing
Keywords
Where Boost Credit is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Markets served
Boost Credit business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- SME Financing Fees: Shariah-compliant micro financing for SME businesses generating revenue through profit rates (1.5% per month) and fees including Wakalah fee (RM50), Processing Fees, Stamping Fees, and Sales and Services Tax
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Capital by Boost Credit - SME Business Financing up to RM2,000,000 |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Boost Credit product offering
Product offeringCore offering
Boost Credit provides Shariah-compliant digital SME business financing in Malaysia, offering facilities of up to RM2,000,000 with disbursement within 48 hours through a fully online application process. The product suite spans working capital (Capital), short-term financing (CapitalX), and invoice financing up to RM1,000,000, all structured under the Commodity Murabahah concept and distributed through the myboost.co website and the Boost app ecosystem.
Product overview
Boost Credit operates as a digital business financing division under Boost Bank (Axiata Digital Capital Sdn. Bhd.), offering a portfolio of Shariah-compliant SME financing products. The core product, Capital by Boost Credit (Capital), is an SME financing solution providing up to RM2,000,000 with 48-hour disbursement. This is supplemented by CapitalX (short-term financing) and Invoice Financing (up to RM1,000,000 for unpaid invoices), all structured under Commodity Murabahah principles. The Boost PayFlex for Biz product extends installment payment capabilities to merchants. Together, these products form an integrated financing ecosystem targeting Malaysian SMEs with quick access to capital.
Differentiator
Problem solved
Functional benefit
Brands
- Capital: Shariah-compliant SME business financing solution offering up to RM2,000,000 with disbursement within 48 hours, based on the concept of Commodity Murabahah.
- CapitalX
- Invoice Financing
- Boost Financing
- Boost PayFlex for Biz
Products and services
- Capital by Boost Credit Shariah-compliant SME business financing offering up to RM2,000,000 with tenure up to 36 months, profit rate of 1.5% per month, and disbursement within 48 hours, structured under the Commodity Murabahah concept. Targeted at Malaysian SMEs needing working capital for business activities, inventory, branch expansion, salary advances, and investment activities.
- CapitalX by Boost Credit Short-term financing product for SMEs providing quick access to financing up to RM2,000,000 with disbursement in 48 hours, complementing the longer-tenure Capital product.
- Invoice Financing by Boost Credit Financing solution that advances cash against unpaid invoices, allowing SMEs to ease cashflow with financing up to RM1,000,000 disbursed within 48 hours.
- Boost PayFlex for Biz Business-focused installment payment solution enabling merchants to offer buy-now-pay-later options to their customers under the Boost PayFlex brand.
- Boost Financing Business financing product under the Boost Credit portfolio offered to Malaysian SMEs.
Quantifiable outcome
- Disbursement within 48 hours (2 working days) upon approval
Companies that use Boost Credit
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Boost Credit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Boost Credit partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights4 records
Boost Credit competitors and assessment
Company assessmentDirect peers
- CapBay: Malaysian fintech offering supply chain financing and SME working capital solutions with digital onboarding. Comparable Malaysian SME digital credit platform.
- Lulalend: Malaysian digital SME lender providing working capital and term financing to small businesses with online application and fast approval. Closest direct local competitor to Boost Credit's Capital product in Malaysia.
- Aspire: Singapore-headquartered digital financing platform for SMEs across Southeast Asia offering credit lines, working capital, and embedded finance. Comparable digital-first SME credit model targeting similar SMB pain points.
- KoinWorks: Indonesian fintech providing SME financing, working capital, and invoice-based lending across Southeast Asia. Comparable digital SME credit model, though primary market is Indonesia.
- Validus Capital: Singapore-based SME financing platform extending into Malaysia and other SEA markets, offering working capital loans to SMEs. Comparable in product mix and target borrower profile.
- Funding Societies: Leading Southeast Asian digital SME financing platform operating in Malaysia, Singapore, Indonesia, Thailand, and Vietnam. Direct competitor offering short-term working capital and term loans to underserved SMEs with a similar digital, fast-disbursement model.
Emerging players
- Atome: SEA-focused buy-now-pay-later provider (overlap with Boost Credit's PayFlex for Biz BNPL product). Operates across SEA including Malaysia with merchant-side installment financing.
Broad incumbents
- GrabFin / Grab Financial Group: Grab's financial services arm offers SME lending, pay-later, and merchant financing across SEA, leveraging the Grab super-app ecosystem. Comparable digital SME financing functionality, but part of a much broader consumer-to-merchant platform.
- CIMB Bank SME Financing: One of Malaysia's largest banks with significant SME financing offerings. Represents the incumbent competitor against which Boost Credit's 48-hour digital disbursement is differentiating.
- RHB SME Financing: Major Malaysian bank offering Shariah-compliant SME financing alongside conventional products. Comparable target segment and Islamic finance product overlap, but as part of a full-service bank.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
Boost Credit social profiles
Digital presenceBoost Credit compliance and trust
Trust signalCompliance1 record
Boost Credit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boost Credit leadership team
Management profileNumber of profiles
Boost Credit subsidiaries and ownership
Company hierarchySubsidiaries3 records
Boost Credit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boost Credit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boost Credit
What does Boost Credit do?
Boost Credit provides Shariah-compliant digital SME business financing in Malaysia, offering facilities of up to RM2,000,000 with disbursement within 48 hours through a fully online application process. The product suite spans working capital (Capital), short-term financing (CapitalX), and invoice financing up to RM1,000,000, all structured under the Commodity Murabahah concept and distributed through the myboost.co website and the Boost app ecosystem.
Is Boost Credit a public or private company?
Boost Credit is a private company. It is classified as corporate owned and is currently operating.
When was Boost Credit founded?
Boost Credit was founded in 2023. It employs 11 to 50 people.
Where is Boost Credit based?
Boost Credit is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Boost Credit make money?
One revenue line is on record: SME Financing Fees.
Who are Boost Credit's main competitors?
Direct peers on record are CapBay, Lulalend, Aspire, KoinWorks, Validus Capital and Funding Societies. Atome is listed as an emerging player. Broad incumbents are GrabFin / Grab Financial Group, CIMB Bank SME Financing and RHB SME Financing.
Does Boost Credit have an API?
No public API is recorded for Boost Credit.
What industry is Boost Credit in?
Boost Credit's product category is SME Digital Lending. Its primary akta.pro industry code is FSAKAGAB, SME Term Loans & Growth Capital, with a secondary code of FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing. Its NAICS code is 522 and its SIC code is 6153.