- P2P platforms have raised US$1.78 billion as of 30 September 2024
- Offers two main financing options: invoice financing & pre-financing
The Securities Commission Malaysia (SC) has announced SARANA, an alternative financing scheme provided by nine SC-registered peer-to-peer (P2P) financing platform operators under the government e-procurement system. Effective immediately, SARANA aims to address the working capital needs of micro, small and medium enterprises (MSMEs) and small contractors involved in government contracts for supplies, services, or works.
The scheme offers two main financing options:
- Invoice financing: To support cash flow after contract delivery.
- Pre-financing: To provide initial working capital before project execution.
Participating P2P platform operators include:
- Bay Smart Capital Ventures Sdn Bhd*
- B2B Finpal Sdn Bhd
- Capsphere Services Sdn Bhd*
- Crowd Sense Sdn Bhd*
- P2P Nusa Kapital Sdn Bhd*
- FBM Crowdtech Sdn Bhd
- MicroLEAP PLT*
- Modalku Ventures Sdn Bhd*
- Moneysave (M) Sdn Bhd*
(*Offers Shariah-compliant financing)
Supported by the government, as outlined in Budget 2025, SARANA offers an alternative to traditional financing, helping companies bridge critical funding gaps. This initiative aligns with the SC’s Catalysing MSME and MTC Access to the Capital Market: 5-Year Roadmap (2024–2028), enabling greater access to capital markets via P2P platforms.
Since the SC introduced the P2P regulatory framework in 2016, these platforms have raised US$1.78 billion (RM7.9 billion) as of 30 September 2024, playing a crucial role in supporting locally incorporated businesses.
For more details on SARANA, visit www.sc.com.my/sarana
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