FiQir Holdings Sdn Bhd
By FiQir Holdings Sdn Bhd"At FiQir.AI, we are reimagining SME lending for the digital era by automating financial decision-making with AI precision." Traditional loan underwriting is slow, rigid, and error-prone—costing banks time, money, and customer trust. FiQir.AI solves this by offering an intelligent, end-to-end lending decision platform powered by machine learning, IDP (Intelligent Document Processing) with Financial Spreading, and adaptive risk scoring. Our AI engine doesn't just process documents—it understands context, detects potential fraud, and improves with every loan it evaluates. We enable banks to: 1) Approve more loans, faster—with real-time, automated risk scoring. 2) Reduce underwriting time by up to 80% and processing errors by over 50%. 3) Achieve full compliance with document validation, audit trails, and data governance built in. 4) Scale SME credit operations sustainably, with proven AI/ML-backed performance.
- Stage
- In pilot
- Industries
- Banking and finance
- Retail and e-commerce
- Consumer goods
- Deployment
- Cloud (SaaS)
Why it is worth it
FiQir Holdings is not just another AI company; its strength lies in: - Real-World AI Applications – Focused on financial, healthcare, and enterprise solutions. - Proprietary AI Models – Self-learning, scalable, and adaptable to evolving market needs. - Regulatory & Compliance Readiness – Solutions tailored for industries with strict regulations. - Strong Leadership & Industry Expertise – Combining AI, finance, and digital transformation know-how. Essentially, FiQir.AI delivers real-time risk scoring with adaptive AI models and self-learning algorithms that continuously improve lending decisions for faster, smarter, and more secure approvals. Our platform can accelerate the lending operations for banks by up to 50% faster and our predictive analytics capability detects risks early, thus improving portfolio stability. "FiQir.AI – Where intelligent lending begins"
- The following are the problem statements that this solutions aims to resolve:
- 1. Time consuming processes - Manual reviews increase processing time by 30-50%, leading to higher operational costs and slower loan approvals.
- 2. Capacity Constraints in Loan Processing - Rigid underwriting models slow decision-making, processing only 1-2 cases per week per underwriter, making it difficult to scale lending operations efficiently.
- 3. Inconsistent Risk Assessment & Decision - Subjective assessments lead to inconsistent approvals and rejections, increasing the risk of credit misclassification and higher loan defaults.
- 4. Slow to Adapt & Connect - Traditional processes fail to adapt quickly to market conditions, limiting growth and borrower engagement. 48% of SMEs are interested in faster credit as a service.
- 5. Inefficient Handling of Appeals & Rejections - Inefficient appeals handling leads to a 20% increase in customer churn rates, impacting long-term profitability.
Opening the deck…
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Best customer profile
- our target market is predominantly FSI, brokerage firms and any lenders (eg: P2P lenders) that may need to make use of our solution to onboard their customers to their platform. The use cases are:
- 1. Underwriters - Those assessing the creditworthiness of borrowers.
- 2. Business Development Managers - Professionals responsible for growing the lending business and onboarding new clients
- 3. Loan Approval Teams - Decision makers who finalize and approve the loans
- 4. Risk and Compliance Teams - Ensures regulatory compliance and mitigates credit risk
Notable paying customers
- We are working with partners to launch the SME financial literacy programme, effectively making use of the programme to make use of FiQir.AI SME Lending platform as well. We have some local banks running POC on our GenAI solutions at the moment.
FiQir has successfully attained funding from 2 angel investors to work on the SME Lending solution thus far. In addition to that, FiQir is also working on an SME Financial Literacy programme, an advocate to help SME in bridging the gap of financial literacy so they can eventually obtain the desired loan easily. Our vision is to help SMEs by guiding them step by step through what lenders are actually looking for and preparing them for funding. So that SMEs can focus on running their business while FiQir focus on helping them to get funded. Our aim is to help the SMEs to get funding by guiding them step by step through our Financial Literacy programme and when they're ready, FiQir will help the lenders by going through pre-screening verification through FiQir.AI SME lending platform to accelerate the lending process efficiently. The SME Financial Literacy Programme is on target to launch in both MY and Philippines in July 2025, where we expect that FiQir will start to achieve revenue by then.