MyCIF to support growth of northern MSMEs

Securities Commission's Dr Wong highlighted that only 17% of ECF and P2P-funded businesses are from the northern region, emphasising a significant gap in awareness.

Bukit Mertajam: Operators of micro, small, and medium enterprises (MSMEs) in the northern region are being encouraged to explore new funding opportunities through the Malaysia Co-Investment Fund (MyCIF).

The MyCIF is a co-investment fund established by the Finance Ministry under Budget 2019 to co-invest in MSMEs through equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms.