SC Opens Up Application For New P2P Lending and ECF Playersby Vincent Fong March 15, 2018 1 comment
Tan Sri Ranjit Singh announced that the Securities Commission Malaysia will be widening access to alternative based investing avenues like Peer-to-peer (P2P) lending and Equity Crowdfunding as a part of their continued effort to democratise access to investment and fostering market inclusiveness
Commenting on the opening up the license to players, Tan Sri Ranjit Singh said that much like any other segments regulated by the Securities Commission there are no limits on the number of players, he emphasized that the key is that new applicants must be able to meet the requirements set out by the regulator and that the players must be able put forth a value proposition that is deemed appropriate.
The P2P lending and Equity Crowdfunding market has seen relative success in recent times, in combination the alternative market based financing avenues has raised up to RM 70 Million for SMEs and 651 deals.
We believe that the increase of the number of players could potentially speed the awareness of such alternative investments/fund raising methods for consumers and SMEs alike.