Malaysia’s SC announces new ECF and P2P platform operators

SC Fintech Roundtable. Photo: SC Malaysia

The Securities Commission (SC) of Malaysia on Friday announced eight new recognised market operators, including three equity crowdfunding (ECF) and five peer-to-peer (P2P) financial platforms, that will be operational by the end of the year.

With the addition of the new ECF and P2P financing players, there are now 21 market-based financing platform operators registered in Malaysia. As of March 2019, the ECF and P2P financing market had provided close to 350 million ringgit ($84 million) of alternative financing to nearly 900 Malaysian companies.

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