Linking deserving beneficiaries to financial institution(s) for seed financing to start an online business .
The Alfie app is fully owned and managed by Alfie Tech Sdn Bhd, which is a fintech focusing on Islamic finance in Malaysia. In collaboration with financial institution(s), Alfie deploys micro digital financial services for the underserved and B40 community.
Our mission is to help those with poor or limited credit information to build their credit profile so they become bankable.
We offer RM1,020 as seed financing based on Qard Hasan social finance for eligible beneficiaries (borrowers) to start an e-Commerce business. There is only a 1% processing fee and no profit rate (interest rate) chargeable over the 1 year tenure. Business training and financial literacy education are also integrated into the program to help train the beneficiaries.
For high performing and successful beneficiaries, they will be "upgraded" to higher credit limit products with financial institutions to expand their online business.
Using behavioural, financial and digital data points derived from the smartphone and external sources, Alfie will determine the eligibility of applicants to the program.
Alfie's terms of use and privacy/ personal data protection policy are available on our website: www.alfie.asia
Consent for sharing of data is explicitly required during the registration process and we will be unable to provide our services to users that do not consent.
The Alfie app is fully owned and managed by Alfie Tech Sdn Bhd, which is a fintech focusing on Islamic finance in Malaysia. In collaboration with financial institution(s), Alfie deploys micro digital financial services for the underserved and B40 community.
Our mission is to help those with poor or limited credit information to build their credit profile so they become bankable.
We offer RM1,020 as seed financing based on Qard Hasan social finance for eligible beneficiaries (borrowers) to start an e-Commerce business. There is only a 1% processing fee and no profit rate (interest rate) chargeable over the 1 year tenure. Business training and financial literacy education are also integrated into the program to help train the beneficiaries.
For high performing and successful beneficiaries, they will be "upgraded" to higher credit limit products with financial institutions to expand their online business.
Using behavioural, financial and digital data points derived from the smartphone and external sources, Alfie will determine the eligibility of applicants to the program.
Alfie's terms of use and privacy/ personal data protection policy are available on our website: www.alfie.asia
Consent for sharing of data is explicitly required during the registration process and we will be unable to provide our services to users that do not consent.
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