Aspirasi Named APICTA 2020 Fintech Award Winner

The digital financier aims to financially assist and protect underserved communities with its 100% digital financing solutions.

Aspirasi, a digital financier under Axiata Digital, a digital services arm of the Axiata Group, was recently awarded the MSC Malaysia APICTA 2020 Award in the Finance & Accounting Solutions (Fintech) category, by PIKOM Malaysia.

Sheyantha Abeykoon, CEO of Boost Holdings Sdn. Bhd., a Fintech Holding arm under Axiata Digital Axiata Digital said the company was honored to receive the APICTA award that recognised “Aspirasi’s effort in simplifying digital financial and insurance access for our customers to achieve their dreams without financial worries”.

“We will assure our customers that Aspirasi will continue to source new ways and redefine digital financial services by deploying the latest technology with this win.”

“As we aim to assist and protect our customers financially, we will also ensure they will receive the right digital financial support no matter where they are in their business or life journey,” he stated.

Aspirasi, established in 2019, is Malaysia’s home-grown digital brand that provides end-to-end AI-driven micro-financing and micro-insurance solutions to empower underserved businesses or MSMEs in Malaysia with a quick and simple digital financing solution. The applicant will need to go through a swift and simple 3-minute application journey, and, if approved, the applicant will receive fast disbursement of funds within 48 hours.

Sheyantha Abeykoon, CEO, Digital Financial Services Businesses of Axiata Digital. Above: Aspirasi’s micro-financing solution allows financing up to RM 100,000 through a 3-minute hassle-free online application journey.

Left: Aspirasi collaborated with SME Corp. Malaysia to provide micro-financing for underserved MSMEs in Malaysia.

In 2020, the company disbursed RM207 million of financing to ease the financial worries of 9,176 unique merchants in Malaysia and Indonesia. In supporting the Malaysian Government’s aspiration to ensure the country’s preparedness in achieving digital maturity with comprehensive digital financial services, Aspirasi recently expanded its reach to provide consumer financing for all Malaysians via e-commerce platforms.

As an association of ICT communities nominated by its members in the region, APICTA (Asia Pacific ICT Alliance) has actively identified and recognised innovative indigenous ICT products and services to promote the deployment and development in the Asia-Pacific region.

Boost Holdings is the fintech holding arm under Axiata Digital and it includes Aspirasi the microfinancing & micro-insurance provider and Boost e-Wallet.