Budget 2020: RM50mil set aside to co-invest in ECF and P2P fundraising

  • TECH
  • Friday, 11 Oct 2019

Lockman says the RM50mil commitment in ECF and P2P platforms shows the government's confidence in the industry. — SIA HONG KIAU/The Star

The RM50mil allotment in Budget 2020 to match investments in equity crowdfunding (ECF) and peer-to-peer (P2P) platforms, for the second year running, shows the government's confidence in the sector, says the Registered Digital Markets Association.

President Elain Lockman commended the commitment towards the Malaysia Co-Investment Fund scheme (CIF), also allocated RM50mil in the 2019 budget.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

US health dept says UnitedHealth can notify patients of data breach
Audi to invest 1 billion euros in electric vehicles projects in Mexico
YouTube critics ask US to probe video site's 'living room dominance'
AI-powered Apple overtakes Microsoft as world's most valuable company
Citron Research closes GameStop short position
Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pill
Oracle gains as cloud infrastructure business gets AI boost
OpenAI’s Mira Murati fires back at Elon Musk describing her company’s new partnership with Apple as ‘creepy spyware’
Bosch eyes listings of sub-divisions to aid acquisitions, CEO says
Apple becomes the first $1 trillion global brand, Nvidia's value triples, report says

Others Also Read