Continued appeal in P2P lending

“The pandemic has paved a new era of digital inclusion. This simultaneously allows us to scale further in reaching out to more of these creditworthy MSMEs, in line with their increased awareness on digital financing platforms.” Calvin Foo

THE pandemic has certainly accelerated the acceptance and adoption of digital financing among businesses and individuals in Malaysia.

As more companies sought out new sources of capital during the economic downturn last year, peer-to-peer (P2P) lending platforms saw stronger performances and disbursed record amounts of funds to micro, small and medium enterprises (MSME).