microLEAP's Financing Disbursement Surges 101 Pct To RM125 Mln In 2024

KUALA LUMPUR, Jan 28 (Bernama) -- Peer-to-peer (P2P) financing platform microLEAP recorded a 101 per cent year-on-year increase in financing disbursements, rising to RM125 million in 2024 from RM62.18 million in 2023.  

The funds, channelled through the Sarana scheme, aim to empower Malaysia’s micro, small, and medium enterprises (MSMEs) and small contractors.  

Of the RM125 million disbursed in 2024, 207 Shariah-compliant investment notes were issued, reflecting the growing demand for ethical financing solutions.  

microLEAP is one of nine Securities Commission (SC)-registered P2P financing platforms participating in the Sarana alternative financing scheme.  

Through this initiative, microLEAP provides SMEs and government contractors with faster, more flexible financing options, including invoice financing and contract pre-financing, helping businesses address working capital needs efficiently.  

microLEAP founder and chief executive officer Tunku Danny Nasaifuddin Mudzaffar highlighted the significance of SMEs to Malaysia’s economy.

He noted that many SMEs struggle to access growth capital, and platforms like microLEAP are bridging the gap while transforming business financing.  

“Invoice financing, in particular, is a game-changer for SMEs and contractors. It converts unpaid invoices into immediate cash flow, ensuring businesses have the working capital needed to fulfil contracts, pay suppliers, and seize new opportunities,” he added.

As the only P2P financing platform with offices in Sabah, Sarawak, Johor, Penang, and Perak, microLEAP ensures SMEs across the nation have access to financing tailored to their specific needs, regardless of location.

For more information on how microLEAP can support your business through the Sarana financing scheme, visit www.microleapasia.com.

-- BERNAMA