KUALA LUMPUR: The Securities Commission has announced an alternative financing scheme to address the working capital needs of micro, small and medium enterprises (MSME) and small contractors participating in government contracts under the scope of supplies, services or works.
In a statement, the SC said the financing scheme, called SARANA, was being offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the government e-procurement system.
SARANA offers two primary financing options, namely invoice financing, which supports cash flow post-contract delivery, and financing for contract implementation to bridge contractors’ initial working capital needs before a project is executed.
"With the government’s support for P2P financing as announced at the Budget 2025 tabling, SARANA provides a viable alternative to bridge critical funding gaps,
particularly for companies facing challenges in assessing traditional financing," said the SC.
The participating P2P platform operators are Bay Smart Capital Ventures Sdn Bhd, B2B Finpal Sdn Bhd, Capsphere Services Sdn Bhd, Crowd Sense Sdn Bhd, P2P Nusa Kapital Sdn Bhd, FBM Crowdtech Sdn Bhd, MicroLEAP PLT, Modalku Ventures Sdn Bhd and Moneysave (M) Sdn Bhd.
All the listed operators except for B2B Finpal Sdn Bhd and FBM Crowdtech Sdn Bhd offer shariah financing.
For more information on SARANA, visit www.sc.com.my/sarana.
