KUALA LUMPUR: The peer-to-peer (P2P) financing industry in Malaysia has successfully raised close to RM377 million as of June this year, benefiting over 1,100 small and medium enterprises (SMEs), according to Funding Societies Malaysia.
In a statement today, Funding Societies said although P2P financing was only introduced by the Securities Commission Malaysia in 2016, the alternative financing platform continued to gain upward momentum due to its advantages such as easy application process, fast processing time, and collateral-free documentation requirement.
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