Budget 2021 expected to drive investment in alternative funding platforms

Lockman says the operators welcomed the 50% tax exemption, as they have been asking for the incentive for the last three years. — SIA HONG KIAU/The Star

PETALING JAYA: The Budget 2021 matching investment fund for peer-to-peer (P2P) lending and equity crowdfunding (ECF) platforms will encourage the public to invest and help boost small and medium enterprises (SMEs), said industry players.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said an RM50mil matching investment fund will be made available to P2Ps and RM30mil to ECFs.