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SMEBiz

CapitalBay to launch P2P financing platform

CAPITALBAY, a multi-bank supply chain finance platform, has received the approval from the Securities Commission Malaysia (SC) to operate a peer-to-peer (P2P) financing platform.

Business

Cradle aims for 10% of grant recipients to become regional firms

KUALA LUMPUR: Cradle Fund Sdn Bhd is targeting for 10% of its successfully groomed grant recipients to scale up and become regional players.

Business

MoneyMatch clinches Asean SME award

SINGAPORE: Malaysian fintech startup MoneyMatch was recognised as one of three winners for the Asean SME category at the recent Singapore Fintech Festival 2018.

Business

Shake-up in government funds

PETALING JAYA: The government is likely to reorganise the various funds that were set up to venture into businesses related to the new economy, following their below par performance. This came about after it was discovered that some of the funds were not able to pay back the amounts due to the government, even after many years of restructuring efforts.

Business

Cradle startups contributed RM3.4bil to the economy

KUALA LUMPUR: Cradle Fund Sdn Bhd’s (Cradle) Cradle Investment Programme (CIP) has contributed RM3.4bil to Malaysia's GDP, created 80,600 full-time jobs and attracted RM1.3bil in private and foreign funds.

Business

Budget 2018: Need for crafting measures to spearhead digital initiatives

BUDGET 2018, themed “Shaping the Future”, is expected to focus on innovation and digital economy and I hope it will take a holistic view in crafting effective measures to spearhead digital initiatives.

Corporate News

Early days for alternative funding

PETALING JAYA: Two years ago, the Securities Commission gave out licences to operate equity crowdfunding platforms and last November, it gave out the licences for peer-to-peer lending.

Business

MyCash Online raises RM1.3mil in ECF campaign

KUALA LUMPUR: MyCash Online, a financial technology (fintech) start-up, has raised RM1.3mil in its equity crowdfunding (ECF) campaign within 24 hours via pitchIN, the national crowdfunding platform.

Business

MyCash Online raises RM1.3mil in equity crowdfunding drive

KUALA LUMPUR: MyCash Online, a financial technology (fintech) start-up, has raised RM1.3mil in its equity crowdfunding (ECF) campaign within 24 hours via pitchIN, the national crowdfunding platform.

Business

Malaysia's equity crowdfunding to be more vibrant next year

PETALING JAYA: Equity crowdfunding (ECF) in Malaysia is expected to be more vibrant in 2018 as its acceptance and awareness among investors and issuers are seen gaining momentum this year.