MyCIF Mobilises RM7bil to Fund 11,500+ MSMEs
- Malaysia’s MyCIF has mobilised over RM7b since 2019, funding 11,500+ MSMEs/startups via ECF and P2P, says SC chairman Datuk Mohammad Faiz Azmi. - MyCIF has co-invested RM1.5b and “crowded-in” RM6.2b from private investors—averaging RM4.13 private for every RM1 public. - With RM290m from MOF, funds have been recycled 5.2x overall and over 10x via P2P campaigns. - Malaysia now has 30 authorised ECF/P2P platforms, cumulatively facilitating RM11.9b to 20,000+ MSMEs. - New MyCIF initiatives: Silver