May 2025 – George Town, Penang 

In a strategic move to bolster financial inclusion and digital transformation among micro, small, and medium-sized enterprises (MSMEs) in Penang, fintech innovator FinHero has partnered with Digital Penang. This collaboration aims to provide MSMEs with access to advanced financial tools, including AI-powered automation, alternative credit scoring, and revenue-sharing models. 

The partnership aligns with the Penang2030 vision of fostering a family-focused, green, and smart state. By bridging traditional financial gaps through innovation and education, the initiative seeks to unlock opportunities for businesses often overlooked by conventional financing systems. 

Under the memorandum of understanding, FinHero will offer business-friendly financing options such as invoice-based funding and flexible repayment terms. Its proprietary solution, FinXtract, will support digital adoption by automating data extraction and simplifying repetitive tasks, thereby freeing time and resources for entrepreneurs. 

Digital Penang will play a pivotal role in outreach and ecosystem facilitation. By connecting FinHero to its network of MSMEs and business associations, and by coordinating educational engagements, Digital Penang ensures the partnership's benefits are widely accessible. 

The first series of community workshops is set to launch in Q2 2025, bringing fintech insights and financing pathways directly to Penang’s small business owners. 
 

Disclaimer 

This article is published by FinHero for informational purposes and reflects the company’s updates, partnerships, and initiatives. All third-party names, logos, and references belong to their respective owners and are used with permission or for descriptive purposes only. Quotes and event details are based on publicly available sources or approved statements. For corrections or clarifications, please contact us at admin@finhero.asia. 

APA References 

Digital News Asia. (2025, May 7). *Digital Penang and FinHero join forces to advance financial inclusion for Penang’s MSMEs*. https://www.digitalnewsasia.com/digital-economy/digital-penang-and-finhero-join-forces-advance-financial-inclusion-penangs-msmes 

Bernama. (2025, May 7). *Digital Penang, FinHero Partner To Expand Financing Access For MSMEs*. https://www.bernama.com/en/news.php?id=2420508

Digital Penang. (2025, January 15). *Digital Penang welcomed FinHero to discuss collaboration opportunities aimed at strengthening the digital economy by empowering startups and MSMEs*. [Facebook post]. https://www.facebook.com/photo.php?fbid=942427844657821&id=100066718411917&set=a.196010255966254