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P2P financing is booming in Malaysia


According to preliminary crowdfunding statistics, as of October, P2P platforms ran 1,958 successful campaigns for 497 companies. — 123rf.com

According to preliminary crowdfunding statistics, as of October, P2P platforms ran 1,958 successful campaigns for 497 companies. — 123rf.com

Adoption of peer-to-peer (P2P) financing has skyrocketed in Malaysia – this year RM159.56mil was raised, up from just RM17mil last year.

Fundaztic chief executive officer Kristine Ng Wri Miem reveals P2P has been driven largely by younger users, as 59% of its investors are under 35.

   

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