du-it, a Malaysia-based Islamic fintech firm, has launched a crowdfunding marketing campaign in collaboration with Ethis Malaysia, a worldwide Islamic crowdfunding platform.

The marketing campaign goals to help the event of its enterprise to enterprise (B2B) purchase now, pay later (BNPL) platform, which would be the first of its sort in Malaysia and one of many world’s first working in a Shariah-compliant setting.

du-it’s BNPL platform is designed to offer interest-free instalment options to companies, notably small and micro-sized enterprises in Malaysia. The platform affords a credit score restrict of as much as RM50,000, based mostly on the shopper’s threat profiling, and permits companies to acquire approval inside minutes.

The crowdfunding marketing campaign is open to everybody and goals to lift a most whole of RM3million over the course of 90 days. By collaborating within the marketing campaign, buyers can change into a part of du-it’s mission to offer inexpensive and accessible financing options for small and micro-sized enterprises in Malaysia.

With the funds raised via the marketing campaign, du-it goals to carry its platform to extra companies in Malaysia, additional develop its platform, and develop its group throughout core business-growth roles, serving to companies entry on-demand interest-free credit score phrases and fixing the ache factors of right now’s SMEs.

Shafik Ali, founder and CEO of du-it, commented: “We’re grateful for the chance to achieve out to a
wider viewers and convey our imaginative and prescient to life as we work to remodel the best way companies in Malaysia
handle their money stream extra successfully.”

Traders can take part within the crowdfunding marketing campaign by visiting Ethis Malaysia, a worldwide Islamic crowdfunding platform authorized by regulators in Malaysia and in addition current in Indonesia and Oman, along with a charity platform named International Sadaqah.