Scholarship matching platform Skolafund closes RM300,498 capital raise

Skolafund founders Syamil (L) and Syakir (R)., a social enterprise that is a digital platform designed to crowdsource alternative sources of tertiary education scholarship funds for students from low to middle-income families has closed a capital raise on Ata Plus Equity Crowdfunding (ECF)  platform that secured RM300,498 ($67,702) from 22 retail and sophisticated investors.

Their target fundraising amount was RM300,000 in exchange for 10 per cent equity stake. “The money raised from this equity crowdfunding campaign will go towards enhancing our scholarship crowdfunding platform, customer retention and working capital,” said Tengku Ahmad Syamil, the co-founder and CEO of Skolafund.

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