March, 29 2024 – In a significant stride towards fostering financial inclusion, FinHero is honored to announce NTT Data Corporation’s stake in our journey. This collaboration, celebrated at Mercure Penang Beach Hotel, validates FinHero in the regional markets.

FinHero (FinHero.asia) is a Penang based FinTech Startup, developing B2B financial solutions focusing primarily on Asian markets.  Integrating next generation AI (Artificial Intelligence) technology with the expertise in traditional financial services sector.

Top Lim, CEO & Co-Founder of FinHero, reflects on the partnership: “Joining forces with NTT Data represents a groundbreaking moment for us. It is more than just business; it is about harnessing our collective strengths to make a real difference in the Business-to-Business (B2B) financial ecosystem. This alignment in our values towards sustainable financial technology promises to deepen our impact on society through more accessible financial solutions.”

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “Today’s signing ceremony between FinHero and NTT Data Corp of Japan demonstrates the State’s resilient industrial ecosystem and also our local companies’ potential to reach new heights. This strategic partnership enables us to envision a progression not only towards the advancement of finance but also towards the development of Penang itself – a future marked by thriving innovation and flourishing businesses.”

With exciting programs launching in Q2 2024 and the first of their kind in the region. FinHero is proud to announce the programs with Mudah.my to provide embedded financing for Auto loans with RHB Bank, FinMatch with Ipay88 providing merchant financing and Powervest, the smart renewable energy (RE) financing platform for the RE industry.

This initiative with NTT Data marks a promising path forward for the countless corporations we aim to serve. Through this partnership, we are set to innovate and expand our services, ensuring that financial services are within reach.

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About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

About FinHero
FinHero is a fintech company based in Penang, Malaysia, dedicated to reshaping the future of financing for small and medium-sized enterprises (SMEs). Our mission is to unlock new possibilities in sustainable finance, offering SMEs an alternative to conventional financial solutions that not only empower their businesses but also contribute to a more sustainable and equitable financial ecosystem. By leveraging advanced technology and insightful market analysis, we create tailored financing solutions designed to enhance SME performance and capacity, setting new standards in SME financing.

About NTT Data
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries.

For more information, please contact:

InvestPenang
Elaine Cheah / Arief Ferdaus
Communication & Business Intelligence
elaine@investpenang.gov.my / arief@investpenang.gov.my

FinHero
Stephanie Fletcher
Marketing Executive
stephanie@finhero.asia / admin@finhero.asia