Seeking higher returns via ECF and P2P platforms

Ng: Low-entry barrier to P2P a pull factor.

THERE have been accelerated efforts by the government in recent years to promote equity crowdfunding (ECF) and peer-to-peer (P2P) platforms as alternative sources of financing for small and medium-sized enterprises (SMEs) as well as new investment options for the public.

At the recently unveiled Budget 2020, for instance, the government has announced an allotment of RM50mil towards the co-investment fund (CIF) scheme for ECF and P2P financing next year.