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

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.