The Malaysia Co-Investment Fund (MyCIF) has surpassed RM1 billion in total co-investments, supporting more than 9,500 micro, small, and medium enterprises (MSMEs) since it was established under Budget 2019.

In its Annual Performance Report 2024 released today, MyCIF said co-investments had reached RM1.19 billion as of end-2024, including RM264 million disbursed last year.

The fund operates through equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms.

MyCIF has attracted RM4.10 in private sector funding for every RM1 invested by the government, translating to a 21.4% rise in private investment.

The RM1.19 billion in total co-investments is equivalent to 4.6 times the RM260 million allocated by the government since the programme began.

Beyond its general 1:4 co-investment scheme, MyCIF has expanded its focus to targeted areas such as food security and social enterprises, using a 1:2 matching ratio.

Co-investments in these areas increased to RM7 million in 2024 from RM3.4 million the year before.

Under Budget 2025, the fund has allocated up to RM40 million to promote Islamic risk-sharing financing using Musharakah and Mudharabah structures.

This includes first-loss investments in relevant ECF and P2P campaigns, with additional 0% financing for P2P campaigns.

In July 2024, MyCIF introduced the Environmental and Social Impact Scheme to support impact-driven businesses in sectors such as food security, education, healthcare, and Waqf asset development.

To improve outreach, MyCIF held its first nationwide roadshow in Penang in February 2025, in collaboration with the Northern Corridor Implementation Authority.

The next roadshow is scheduled for 31 July in Kota Kinabalu to raise awareness of alternative financing options among entrepreneurs in Sabah.

Featured image: Edited by Fintech News Malaysia, based on image by thanyakij-12 via Freepik