Alixco P2P Financing qualified for co-funding with Malaysian government‘s that allocates RM 50 million (€10,8M) from co-investment fund.
Malaysian government announces the allocation of up to RM50M (€10,8M) to set up a co-investment fund with regulated and established equity crowdfunding and P2P portals in the region.
The Government will support and encourage new digital financial innovations such as Equity CrowdFunding (ECF) and Peer-to-Peer (P2P) platforms. Collectively, more than RM430 million (€93M) has been cumulatively raised as of June 2019, benefitting more than 1,200 SMEs. Building on this early success, the government will further allocate an additional RM50 million to My Co-Investment Fund (MyCIF) under the Securities Commission Malaysia to leverage such platforms to help finance the underserved SMEs. FBM Crowdtech holds both licenses for equity crowdfunding (FundedByMe Malaysia) and for P2P (AlixCO) in the region and is excited to announce this new opportunity for co-funding for clients seeking to fundraise via Alixco P2P portal. Any co-founding will have to meet certain criteria, presented in criteria here. In Malaysia, FundedByMe operations P2P financing on the Alixco platform (www.alixco.com)
Alixco provides peer to peer financing solutions to SMEs .
FundedByMe Malaysia is a Joint Venture between FundedByMe Sweden and local partners incorporated as FBM Crowdtech Sdn Bhd. The Malaysian government with the Securities Commission have been forerunners in the South East Asian region by regulating equity crowdfunding and P2P and has successfully analyzed the market and allowed 6 platforms to be regulated. FundedByMe is the only international equity crowdfunding portal that has received both the equity crowdfunding license and the P2P license. FundedByMe Malaysia also shows good interest from European investors looking at Malaysian crowdfunding, with fast-growing startups such as the SaaS HRM platform iTalent (WorkSmartly) and the retail chain SWC Sdn Bhd, attracting many investors from Europe.