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PEER-to-peer (P2P) financing platform Funding Societies Malaysia has partnered Razer Fintech to offer short-term business financing solutions for merchants under Razer Merchant Services (RMS).
ALTHOUGH companies are racing to shore up cash as revenues plunge, peer-to-peer (P2P) lending platforms are seeing a decline in financing deals.
KUALA LUMPUR: Funding Societies, a peer-to-peer (P2P) financing platform, has taken a multi-pronged approach to further tighten its risk assessment processes to ensure investment by clients remain protected while continuing to support the underserved small and medium enterprises (SMEs) who are affected by the Covid-19 outbreak.
PEER-to-peer (P2P) lending has seen robust growth over the last three years as businesses turn to these platforms as an alternative means to raise funds for working capital.
THE local peer-to-peer (P2P) financing industry is expected to almost double with total financing set to hit RM1bil this year from RM521mil in 2019, according to Funding Societies Malaysia.
CARSOME’S new round of funding will help the company cement its presence in the region as the homegrown used-car trading platform looks to expand its footprint in South-East Asia.
For a quick capital injection, alternative funding platforms are connecting innovative companies in need of funding with the public.
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.
KUALA LUMPUR: The peer-to-peer (P2P) financing industry in Malaysia has successfully raised close to RM377 million as of June this year, benefiting over 1,100 small and medium enterprises (SMEs), according to Funding Societies Malaysia.