- Strengthen footprint directly, grow globally via cross-border digitisation
- Target 60k MSMEs that offer online tools to move their businesses from offline to online
At today’s 7th International Digital Economy Conference Sarawak, five other companies, including Sarawak Digital Economy Corporation ( SDEC ), and leading startup Macro Tech Ventures Sdn Bhd, which operates in the market under the name” Borong brand,” and a collaboration between five other companies. Many of the state’s MSMEs are now under the radar.
In a MOU signing Borong committed to invest US$ 17.4 million ( RM75 million ) via Digital Niaga, a credit financing scheme in collaboration with development banks BSN, Bank Rakyat, and Agrobank, to enable digitalization across Sarawak’s MSMEs, boosting local businesses growth.
The relationship between Borong and SDEC, according to Aizat Rahim, co-founder of Borong, is a good step in the direction of innovation and developing businesses in the modern time to improve Sarawak’s economic growth. ” We are committed to invest in Sarawak’s MSMEs to improve their footprint directly and grow globally via cross-border automation”.
SDEC CEO Ir. Ts. Sudarnoto Osman said,” The MOUs ( with Borong and the other five companies ) represent a critical step in Sarawak’s journey toward becoming a digital economy powerhouse. These partnerships are about more than just technology—it’s about empowering the group through modernization. By integrating digital options, we are equipping our regional businesses with the knowledge, support, and funding to thrive”.
Borong aims to transform over 60 000 Enterprises by providing online tools and resources that enable them to move their companies from offline to online. With an estimated average monthly purchase of US$ 92.8 ( RM400 ) each, with Borong providing RM1, 200 of credit financing for each MSME for three months, the RM75 million financing, “is just the beginning for us to catalyse the growth of these MSMEs in Sarawak”, said Lennise Ng, co-founder and CEO of Borong.
]RM1 = US$ 0.232 ]
” We are very satisfied with the outcomes when we have a stronger foundation to entice other colleagues to make more investments in MSMEs, not just in Sarawak but throughout Malaysia,” she continues.  ,
Along with SDEC, Borong will carry knowledge, online training, and onboarding activities. These small businesses are being trained to use Borong’s retail and industry platforms to expand their global reach and profitability. Borong earns a small 2.5 % split from deals on its platform.
When incorporated into the Borong ecosystem, these Enterprises will have easy access to affordable financing that can be as low as 2.5 % per year. Borong and its banking partners have so far allocated over RM300 million in SME financing that is willing to be used and deployed.