Orpheus, Bateriku in Deal To Enhance Technology Adoptions for SMEs

Orpheus Capital Sdn Bhd has signed a partnership agreement with Bateriku (M) Sdn. Bhd. to promote the adoption of technology among its partners, including SMEs running its workshops, gig workers, and employees.

The collaboration aims to accelerate the adoption of digital financing solutions in the automotive services industry and promote entrepreneurship among the youth.

Shariah-compliant Financing

Bateriku will integrate several Shariah-compliant financing services from Orpheus, including Invoice Financing, Contract Financing, and GajiNow Financing, to all Bateriku clients and partners, especially those in rural areas and smaller cities.

The partnership not only provides massive value to the business ecosystem but also promotes the usage of technology in financial management and business operations.

The collaboration aligns with the government's Sustainable Development Goals (SDGs) 2030 and the Malaysian Digital Economy Blueprint (MyDigital). Orpheus' goal is to ensure that SMEs and salaried individuals have quick access to financing at reasonable costs.

With the approval of its KPKT Digital License, Orpheus can fully utilize the digital spectrum to operate a people-centric shariah-compliant financing platform.

The collaboration between Orpheus and Bateriku is expected to have a significant developmental impact, including the creation of jobs for the youth, less dependency on loan sharks, and an increase in financial literacy and Islamic Finance among SMEs and the youth.

Digital Technology

The partnership represents a significant step towards promoting digital technology adoption, entrepreneurship, financial inclusion, and economic development in Malaysia, and is expected to have a positive impact on the lives of many people in the country.

Orpheus is a fully digital Shariah-compliant cash flow financing company, providing critical capital to SMEs and salaried individuals who have difficulties getting financing from the banks.