RollingPay, USAHANITA: Collaboration To Empower 500 Micro Women SMEs With Shariah-Compliant Financing

CEO of RollingPay, Cellou Diallo with  Chairman of USAHANITA, Dato’ Faridah A. Jabbar

Kuala Lumpur, Malaysia – 1 August 2024 – Microenterprise owners looking to expand their business find it almost impossible to secure funding due to lack of collateral, inconsistent cash flow, and poor bookkeeping practices. These challenges create significant barriers to growth, leaving many micro, small, and medium enterprises (MSMEs) in a perpetual state of financial uncertainty. However, by leveraging artificial intelligence (AI) and alternative data, RollingPay’s innovative hybrid solution helps such microenterprises access real-time business financing to support their business growth.

The collaboration between RollingPay and USAHANITA aims to support at least 500 women-led micro SMEs with up to RM100,000 in shariah-compliant business financing. This partnership highlights RollingPay’s dedication to empowering women entrepreneurs and fostering economic growth in Malaysia through its AI-powered shariah-compliant cash flow solution. 

 “Our partnership with USAHANITA marks a significant milestone in our mission to empower MSMEs, particularly those led by women,” said Cellou Diallo, CEO of RollingPay. “We recognize the unique challenges faced by these enterprises, from securing business financing without collateral to managing erratic cash flows. Our AI-driven platform addresses these issues by providing real-time credit facilitation and ensuring timely payments to employees and suppliers, thus fostering a stable financial environment for business growth.”

 RollingPay’s mission is to revolutionise the financial landscape for MSMEs by offering seamless, reliable cash flow management. The company’s innovative approach integrates cash management facilitation and payment processing into a single, efficient solution, reducing errors and enhancing transparency. By partnering with USAHANITA, RollingPay aims to make a tangible impact on the financial health of women-led businesses, enabling them to thrive in competitive markets.

 The use of AI and alternative data sets RollingPay apart from traditional business financing platforms. By analysing a wide range of data points, including transaction histories and workforce data points, our platform can accurately assess creditworthiness and provide customised business financing solutions. This approach not only broadens access to an improvement on cash management but also ensures that funds are available exactly when needed, eliminating the stress associated with delayed payments.

 “We are excited to join forces with RollingPay to support our members,” said Dato’ Faridah A. Jabbar, Chairman of USAHANITA. “Our goal is to provide these women entrepreneurs with the tools and resources they need to succeed. RollingPay’s innovative business financing solution is a game-changer, offering timely and fair access to funds without the need for collateral. Together, we can help these businesses overcome financial bottlenecks and achieve their full potential.

This partnership is a testament to the power of collaboration in driving economic empowerment and growth. By combining RollingPay’s cutting-edge technology with USAHANITA’s extensive network of women entrepreneurs, the initiative aims to create a more inclusive and supportive financial ecosystem for MSMEs across Malaysia.