Stage 3: Working capital & debt
Peer-to-peer (P2P) financing
P2P platforms registered with the SC match businesses that need debt financing with many investors, and repayment follows an agreed schedule; MyCIF can co-invest on eligible P2P financing.
Best suited for
Operating businesses that need working capital or growth debt and may not fit bank criteria.
Pros
- Digital application and often quicker decisions than banks
- Non-dilutive: you borrow, you do not sell shares
- Different products such as term, invoice and Shariah-compliant options
Cons
- Pricing and fees vary and can be higher than bank credit
- Personal guarantees from directors are common
- Platforms assess risk in their own way, so decisions differ
Watch out for
Compare total cost, fees, tenure and what happens on late payment, across more than one platform.
Where to look: SC-registered ECF & P2P operators
Real-world examples
- Sector scale
Funding Societies reported that by December 2023 P2P financing in Malaysia had raised RM5.96 billion through 85,793 campaigns for 14,715 MSMEs.
Reported by: The Sun (opens in new tab)
- MyCIF reach
The SC reported that MyCIF co-invested RM1.50 billion alongside RM6.21 billion of private investment by end-2025, supporting over 11,500 MSMEs.
Reported by: The Vibes (opens in new tab)
Examples are drawn from public reports and are not endorsements. Results vary and are not typical.
Related options
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