Global neobank Fingular has turned its first profit in Malaysia in just 9 months after launch

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SINGAPORE – 24 July 2024 – Fingular, a Singapore-based global neobank, has achieved an industry-fast first month of profitability of its Malaysian business in just 9 months after launch.

Fingular launched in Malaysia a year ago under the Tambadana brand, then in Apr’24 became one of less than 1% of “money lending” companies that converted licenses into advanced “digital lending” ones. Tambadana is one of the most prominent players and the pioneer of digital lending in Malaysia, the first to launch a completely paperless digital product with the market best time-to-money.

In May’24, Tambadana has reached a major milestone, turned first-ever profit in just 9 month since launch in mid-2023 (which usually takes at least 2 years). “This milestone proves unwavering commitment to our core mission – to offer the best customer-centric financial services to all Malaysians. We have begun a tenfold expansion in this strategic market and will soon launch new products», — added Maxim Chernuschenko, CEO of Fingular.

About Fingular:

Fingular, launched in Singapore in 2021, is an independent financial group founded by European entrepreneur Maxim Chernuschenko, backed by Cypriot investor Vadim Gurinov. Steered by experts from over ten countries with backgrounds in finance, IT, product development, sales, and marketing, the company offers entirely digital and automated services, meeting the daily financial needs without requiring human intervention. Fingular has already rolled out digital financial services in Indonesia, Sri Lanka, Malaysia and India and aims to become a major global player serving over 30 countries by 2030.

Fingular – “bank of the Southern Hemisphere”, aiming to build the first truly global credit-led neobank for 2 billion underbanked and one of the leaders in the speed of geographic expansion.

For more information, please contact:

Maria Fischer at maria.fischer@white.lc

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