Gobi Partners led a strategic investment in DCAP Holdings Sdn Bhd (DCAP), a Malaysian FinTech company focused on promoting financial inclusion and mobility ownership for the underbanked.
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This investment, made through the Gobi Dana Impak Ventures (GDIV) fund backed by Khazanah Nasional Berhad, aligns with Khazanah’s Dana Impak mandate. Gobi Partners’s investment will help DCAP accelerate its mission to provide equitable financial solutions to marginalized communities across Malaysia.
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Founded in 2020 by Sonia Ng and Wilson Kok, DCAP was established to address the financial challenges of underserved and unserved consumers. The company’s go-to-market Lending-as-a-service (LaaS) model allows traditional financiers to embrace digital transformation to streamline processes, enhance customer reach, and offer more accessible, efficient services to serve the underbanked.
DCAP’s innovative use of AI, machine learning (ML), data analytics, and automation has been pivotal in bridging gaps in financial accessibility. The company’s AI/ML-powered Credit Scoring Model and Mobility Hire Purchase Lending solutions offer tailored and affordable financing options by seamlessly connecting financiers with borrowers through its proprietary tech-driven platform.
DCAP’s data-centric approach allows for fairer lending terms, specifically designed for lower-income individuals, which currently accounts for 92% of their customer base. To date, DCAP has significantly impacted these communities, particularly outside of Klang Valley, where 55% of their customers reside in non-urban areas.
DCAP partners with banks, credit companies, motorcycle dealers, and cooperatives. Since 2022, the company has pioneered green vehicle financing for electric two-wheelers (E2Ws), reinforcing its commitment to Environmental, Social, and Governance (ESG) principles and offering more options to traditional financiers and the underbanked.
Gobi Partners’s investment is driven by DCAP’s potential to disrupt predatory lending by providing innovative financial solutions that empower vulnerable consumers. Using its proprietary risk framework, DCAP offers transparent loan options aimed at lower-income groups. Its advanced credit scoring models enable accurate risk assessments, driving the digital transformation of traditional motorcycle retailers while helping borrowers access fairer financing.
Jamaludin Bujang, Managing Partner (Malaysia) of Gobi Partners said: “We see DCAP’s vision to empower the underbanked through innovative financial products as a key step towards financial inclusion. DCAP’s proprietary technology offers a transformative solution to an underserved market, and we believe our investment will enable them to expand their impact and help more Malaysians improve their livelihoods.”
Sonia Ng, Co-founder and CEO of DCAP, added: “DCAP addresses the financial needs of the underbanked, boosting social mobility and strengthening economic resilience. Our recent partnership with cooperatives has empowered women in underserved segments by expanding access to financial services that support entrepreneurship, savings, and economic independence. We aim to enter new verticals, including affordable housing and other consumer financing products, to further advance financial inclusion across the region.”
Dana Impak is a key pillar of Khazanah’s Advancing Malaysia strategy anchored by ‘A Nation That Creates’ framework which aims to boost national productivity and competitiveness. Dana Impak initiatives aim to empower Malaysian businesses of all sizes and across different life cycles, including startups, small to mid-tier as well as large companies, with the objective of improving livelihood of communities.
About DCAP
DCAP Holdings Sdn Bhd (DCAP) is a pioneering Malaysian FinTech company, founded in 2020 by a team of seasoned financial experts with extensive financial services to address the needs of underbanked and underserved communities.
Specializing in mobility hire purchase and consumer financing, DCAP leverages its AI-powered Credit Scoring Engine and robust risk management capabilities to provide transparent, fair, and accessible credit solutions. With the focus on a platform that integrates Lending-as-a-Service (LaaS), DCAP is revolutionizing the consumer financing landscape. By emphasizing ESG principles, the company is committed to promoting financial inclusion and sustainable growth across Malaysia.
About Gobi Partners
Gobi Partners is an Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM). Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets.
Founded in 2002, Gobi Partners has raised 19 funds and invested in over 380 startups with 62 operating in the circular economy. Gobi Partners has grown to 15 locations across key markets in Bangkok, Cairo, Dhaka, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Shanghai, Shenzhen, Singapore and Surabaya.
