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KUALA LUMPUR: Private equity (PE) fund manager Senturia Capital has partnered up with Funding Societies, a regional peer-to-peer (P2P) financing platform to expand alternative financing access and capital solutions to Malaysian businesses.
KUALA LUMPUR: Funding Societies Group has disbursed over RM600mil to about 7,000 small and medium-sized enterprises (SMEs) in South-East Asia (SEA).
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.
KUALA LUMPUR: RHB Banking Group has partnered with Funding Societies Malaysia, a regional peer-to-peer (P2P) financing platform, to expand funding opportunities for the underserved small and medium enterprise (SME) segment in the country.
THE peer-to-peer (P2P) financing industry in Malaysia is expected to continue thriving as Funding Societies Malaysia is expecting disbursement to grow to RM300mil in 2019 from about RM100mil this year, according to its chief executive officer Wong Kah Meng.
ALTHOUGH companies are racing to shore up cash as revenues plunge, peer-to-peer (P2P) lending platforms are seeing a decline in financing deals.