SME Bank FundFest 2024 Aims To Empower Entrepreneurs By Bridging The Financing Gap

KUALA LUMPUR, Oct 18 (Bernama) -- SME Bank Malaysia Berhad (“SME Bank”) has successfully launched its SME Bank FundFest 2024 recently, the Bank’s inaugural community-driven initiative, which aims serves as an oasis for budding entrepreneurs, innovative startups, growing businesses to access funding opportunities and knowledge exchange sessions.

The launch ceremony was officiated by YBhg. Dato’ Sri Khairul Dzaimee bin Daud, Secretary General, Ministry of Entrepreneur Development and Cooperatives (“MECD”), who reaffirmed the Ministry’s commitment towards empowering the SME value chain. In his opening remarks, Dato’ Sri Khairul Dzaimee noted, “The majority of SMEs in Malaysia are micro-enterprises, accounting for 69.7% of the total, while small enterprises make up 28.5%, with medium-sized enterprises representing 1.8% of the overall landscape. As such, it is important to nurture an ecosystem that can further create value for our SMEs as they are the backbone of our country’s economy. This is a promising start for SME Bank to continue empowering SMEs with initiatives such as SME Bank FundFest 2024, further solidifying their role in economic growth.”