Prior to mid-2015, FinTech was hardly talked about in Malaysia. Sure, a select few discussed the subject, but there was little interest in financial technology. That is changing; FinTech has become the hot topic among Malaysian businessmen, especially as the sector paves the way forward for innovations in financial services. …
Funding Societies Malaysia Celebrates Official Launch of Its SME Digital Financing and Debt Investment Platform
Kuala Lumpur, February 22, 2017 – We are happy to have finally launched! Funding Societies is the first SME Digital Financing and Debt Investment platform to launch in Malaysia. We provide SME financing and investment opportunities. Globally, the concept is well-proven. The model has paved the way for SMEs to …
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How Debt Investment Financing Can Support Malaysian SMEs
Malaysian SMEs contribute to 33% of the country’s gross domestic product (GDP) and 58% of the national workforce. By 2020, Malaysia also aims to push SME contribution to GDP to 41% and SME contribution to national exports at 23%. Despite being the backbone of the economy and government ambitions to …
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The Myths and Misconceptions about FinTech
Ever since FinTech shook up the financial world, misconceptions about the sector have entered public thinking. We can’t deny that FinTech is indeed disruptive and revolutionary, but is it honestly going to destroy traditional financial institutions? We don’t think so, thus we invite you to take a look at these …
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Funding Societies Malaysia’s 1st Investor Seminar
Debt Investment Financing is an exciting investment opportunity, with (1) high returns, (2) low entry barriers, and (3) a simple and accessible process. Investment risk can also be minimized by diversifying your portfolio. With P2P Financing, a double-digit investment return is certainly possible! We hosted our first investor seminar on 15 …
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SME Digital Financing: An Alternative Source of Capital for SMEs
According to a recent study by Deloitte and Visa, around 55% of SMEs in Malaysia need more capital to grow. Moreover, 58% of them decided to put off their financing proposals because they lack the bank requirements. Yet the bank funds available are not enough to cover the national need …
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The SME Funding Gap in Malaysia
Small and Medium-sized Enterprises (SMEs) throughout ASEAN still have the same problem: limited financing access. This classic issue also haunts Malaysian SMEs. Although SMEs significantly impact national economic development, many financial institutions still find it risky to facilitate loans for potential SMEs. The situation causes SME development to stunt. How …