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KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) has co-invested RM165 million in 5,349 Equity Crowdfunding (ECF) and Peer-to-Peer Financing (P2P) campaigns, benefitting 1,197 Malaysian micro, small and medium enterprises (MSMEs) by end-2020.
PETALING JAYA: The Malaysia Co-Investment Fund (MyCIF) had co-invested RM165mil in 5,349 equity crowdfunding and peer-to-peer financing campaigns as at end-2020.
For a quick capital injection, alternative funding platforms are connecting innovative companies in need of funding with the public.
WITH ongoing market education, equity crowdfunding (ECF) has been gaining traction as an alternative platform for small businesses to raise funds.
AS companies work to rebuild their business and restore their reserves, access to capital will be crucial.
The Budget with its theme,"Driving growth and equitable outcomes towards shared prosperity," is the second for Pakatan Harapan since the coalition won power.
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.
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.
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) member banks are remaining supportive in providing access to financing to small and medium enterprises (SMEs) that have been adversely affected by the outbreak of Covid-19.