50% discountwith MDEC SME Digitalisation Grant

Get your 50% discount with Financio.
Cloud accounting with user friendly yet feature-rich solutions, improve your business efficiency and run your accounts more smoothly!

3 simple steps to apply:

Select your solution

Sign up for Financio 30-Day Free Trial  – Get a quote from us!

Submit Application

Complete and submit the application form together with the required supporting documents to Financio.

Approved & Pay

Once the application is approved, pay the difference of the total invoice to ABSS after deducting the subsidized amount.

Why Financio?

Accounting Automation

Just issue invoices, record payments and expenses, Financio will do the tedious ones such as generating accounting entries and records for you.


Create professional looking invoices and have them delivered to your customers electronically via email in just a few clicks.

Multilingual Interface

Financio comes in three languages! To make your accounting even easier, you can choose to use Financio in Chinese, Bahasa Melayu or English.

Malaysia Tax Ready

You can manage and submit all the tax files required by Royal Malaysian Customs in just a few clicks and no 3rd party plug-in. Plus you'll be covered by any future changes implemented!

Recurring Invoice

If your business needs to send the same amount of invoice repetitively, why not just automate it! You can now automatically send invoices to your customer every week, every month, every 3-months, every 6-months or once every year.

Bank Integration

Connect Financio to your bank account and watch your transactions data sync automatically and accurately. You can even make payment directly from Financio to your supplier. Reconciliation no longer a dreadful task!

Responsive Support

Our knowledge base provides instant answers to you. On top of that, our support agents will be happy to answer your questions via live chat/email. Premier subscribers can also call us via a dedicated hotline.

CONNECT Mobile App

Manage your business accounts anytime, anywhere via Financio CONNECT mobile app. Record expenses, issue invoices, and chase for payments. CONNECT dashboard brings together a holistic view of your business performance too.

Unlimited Users

Grant precise permission and invite unlimited users to collaborate in real-time. Empower your partners, accountants, bookkeepers, sales personnel with the right tool and reduce your workload.

Best Cloud Accounting Software For SME

Financio is a cloud accounting software designed for today’s smart businesses. Financio automates and simplifies your accounting tasks, enabling you to stay focused on growing your business. With automation, real-time reports, and mobile apps, you can easily manage your business finance and tax matters.

Integrated Apps


Connect your RHB bank accounts securely with Financio. Get real-time reports, automated bookkeeping, invoicing-purchasing, management of cash flow, and tax reports.

JomPAY Integration

With JomPay and Financio, you can get paid faster, with approximately 40 banks across Malaysia. Your customers can now pay you via Internet & Mobile Banking or ATMs nationwide.

StoreHub Integration

Automatically synchronizes your sales and inventory data from StoreHub to Financio.  Save time by eliminating manual bookkeeping – all-in-one place.

Kakitangan Integration

Kakitangan.com an online platform for SMEs, simplifying HR by providing you with one platform to manage your payroll, benefits, employee information and much more.

iKEY Edutech

Digitalize your education centre operation and automate your accounting and taxation tasks with iKEY Edutech and Financio.


Seamlessly synchronize pricing & inventory of your Lazada E-commerce business with Financio. Say goodbye to manual stock updates as sales come in.

mooPayroll Integration

Connect your Financio account with mooPayroll. Each time you run a payroll, a journal entry will be created and automatically sync to your Financio.

Tembo Pay Integration

Malaysia cloud payroll and HR software for small business. Simplify how you perform everyday payroll and human resources tasks with Tembo Pay. Let your payroll data auto-sync with Financio.

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Frequently Asked Questions

What is SME Digitalisation Initiative?

SME Digitalisation Initiative is a new grant initiative provided by the Ministry of Finance Malaysia to assist Small and Medium Enterprises (“SME”) to adopt Digitalisation in their business operations.

As announced in Malaysia’s 2020 Budget presentation, the Government will provide a 50% matching grant of up to RM5,000.00 per company over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness.

What are the grant details for SME Digitalisation Initiative?

i.) Grant

This matching grant is limited to one (1) application per SME only, however, SMEs are allowed to apply up to three (3) digital services with one (1) or more service providers that are endorsed by MDEC (“Service Provider”).

ii) Availability

This grant facility is provided by the Government for a period of five (5) years beginning from 17th February 2020 or upon reaching 100,000 applications, whichever comes first.

iii) Fees

No fees imposed.

What are the Digitalisation services available under the SME Digitalisation Initiative?

There are seven (7) types of digitalisation services available as follows:-
i. Electronic Point of Sale System (e-POS)
ii. Human Resource Payroll System/Customer Relationship Management (CRM)
iii. Digital Marketing / Sales
iv. Procurement
v. Enterprise Resource Planning (ERP)/Accounting and Taxation.
vi. Remote Working
vii. E-Commerce

Who is eligible to apply for SME Digitalisation Initiative?

Applicant must possess the following criteria;
i. Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia
ii. The SME is at least 60% owned by Malaysian;
iii. The SME/Coop has been in operation for at least six (6) months; and
iv. The SME/Coop has minimum average annual sales turnover of RM50,000

What are the documents required for my application?

Applications are to be attached with the following supporting documents:
i. Completed SME Digitalisation Initiative Application Form.
ii. A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the SME / Applicant appointed by the Coop , whichever is
iii. A copy of the SME’s business registration licenses (CCM or any similar forms under the Companies Act 2016). For Coop, a copy of SKM registration
iv. Latest audited financial statements or latest financial management account statement or the SME/Coop bank statement for the latest two (2) months;
v. Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC; and
vi. Any other information and documents as and when required by the bank.

How to apply for SME Digitalisation Initiative?

i) The SME must contact and appoint one or more panel of Service Providers listed by MDEC to perform any of the digitalisation services available (maximum of 3 digital services).
ii) The SME is to complete and submit the application form along with required documents to the Service Provider.
iii) The Service Provider is to submit the application form together with the supporting documents to the Bank.
iv) Once the SME’s application is approved, subject to the total invoice amount, the SME is responsible to pay the difference of the total invoice after deducting the subsidised amount granted from the Initiative for each digitalisation service to the Service Provider.
v) The Bank will then make a direct 50% payment of the total invoice amount or up to RM5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank’s discretion.