Kuala Lumpur, Malaysia – The International Finance Corporation (IFC) has announced plans to lead an equity fundraising round for Boost Holdings, the Malaysian digital financial services group, with a proposed investment of $20m.
Boost Holdings, the parent company behind Boost Bank and other fintech services, offers digital banking, e-wallet solutions, and payment services across Malaysia. The IFC’s investment is intended to support the company’s growth and expansion in the digital financial services sector.
The disclosure, made through IFC’s public investment platform, outlines the company as the recipient of the proposed funding and highlights the corporation’s focus on promoting financial inclusion and market development in emerging economies.
It should be noted that as part of a consortium with RHB Banking Group, the firm launched Boost Bank in June 2024 — one of Malaysia’s first homegrown digital banks — aimed at enhancing access to financial services for underbanked communities. The bank recorded more than RM700 million in deposits within six months of launch, signaling robust early adoption.
Beyond basic banking services, Boost Bank has been rolling out a suite of new financial products throughout 2025. In September, the digital bank introduced fully digital motorbike loans, a first‑of‑its‑kind hire‑purchase product developed with AI‑driven lending partner DCAP Digital.
Its growth has also been supported by key partners. In March 2025, RHB Bank invested RM51 million to maintain its 40% stake in Boost Bank, strengthening the digital bank’s capital base and ensuring regulatory capital needs are met as it scales.
