Kuala Lumpur: Credit Guarantee Corporation Malaysia Bhd’s (CGC) financial technology subsidiary, CGC Digital, has partnered with peer-to-peer (P2P) financing platform B2B Finpal to launch a short-term financing scheme aimed at improving capital access for micro, small, and medium enterprises (MSMEs).

According to BERNAMA News Agency, the collaboration between CGC Digital and B2B Finpal introduces a tailored credit guarantee to support B2B Finpal’s purchase financing product. This scheme offers financing of up to RM300,000 to help MSMEs fulfill larger purchase orders, with a short tenure of up to 120 days to ease procurement without immediate financial strain. Approvals are promised within five days.

The partnership marks the first phase of a broader, scalable program, with both parties committed to co-developing additional financing products to enhance financial inclusion for MSMEs across Malaysia. The Purchase Financing product will also be made available on imSME, Malaysia’s first online financing referral platform for MSMEs operated by CGC Digital, improving visibility and accessibility, thereby enabling more businesses to identify and secure suitable financing solutions.

CGC Digital chief executive officer Yushida Husin emphasized that the partnership is part of the company’s efforts to improve access to financing for MSMEs by collaborating with alternative finance providers. “By embracing innovation and collaboration, we are building a more inclusive financing ecosystem that meets the evolving needs of Malaysian MSMEs,” she said.

For more information, the public may visit www.cgcdigital.com.my, www.imsme.com.my, or www.b2bfinpal.com.