FFG -- Coveted Full Digital Lending License obtained in...

FFG -- Coveted Full Digital Lending License obtained in Malaysia
Buyers want to buy at lower price before next announcement imo
“Obtaining this full digital license for SF Direct will significantly enhance the FFG’s
digital lending footprint in Malaysia and the wider ASEAN region. This strategic
move positions FFG to capitalize on the burgeoning opportunities within the
region’s digital lending industry.
“Fatfish Applied AI Labs, FFG’s recently announced generative AI business unit, is
also expected to add significant value to SF Direct including through automation
of business processes in service delivery.”

Southeast Asia Financial Services Growth
Southeast Asia continues to see consumers adopting digital financial services (“DFS”) at a
rapid pace. The region’s digital lending is the single biggest driver of DFS revenue which
grew at a CAGR of 46% from 2021 to 2023. Zooming into Malaysia, its digital lending loan
book balance grew 25% from US$8 billion (2022) to US$10 billion (2023) and is projected to
grow at a CAGR of 27% up to the year 2025. (Source: Google, Temasek, and Bain, eConomy SEA 2023)