Funding Societies, CGC partner to provide additional financing to SMEs

PETALING JAYA: Funding Societies, the largest unified small and medium enterprises (SME) digital finance platform in Malaysia and South-East Asia, has extended its partnership with Credit Guarantee Corp Malaysia Bhd (CGC) to launch a RM30mil Islamic SME Portfolio Guarantee (SME PG-i) Scheme to accelerate the growth of Malaysian SMEs by facilitating easier access to financing.

In a joint statement, the parties said the partnership builds on CGC’s first Portfolio Guarantee programme with Funding Societies of RM10mil that was launched in April last year.