The Securities Commission Malaysia (SC) today announced SARANA, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the Government e-procurement system.
Effective immediately, this alternative financing option aims to address the working capital needs of Micro, Small and Medium Enterprises (MSMEs), and small contractors, participating in Government contracts under the scope of supplies, services or works.
SARANA offers two primary financing options, namely:
- Invoice financing, which supports cash flow post-contract delivery; and
- Financing for contract implementation (pre-financing), to bridge contractors’ initial working capital needs before a project is executed.
The participating P2P platform operators are as follows:
1. Bay Smart Capital Ventures Sdn Bhd*
2. B2B Finpal Sdn Bhd
3. Capsphere Services Sdn Bhd*
4. Crowd Sense Sdn Bhd*
5. P2P Nusa Kapital Sdn Bhd*
6. FBM Crowdtech Sdn Bhd
7. MicroLEAP PLT*
8. Modalku Ventures Sdn Bhd*
9. Moneysave (M) Sdn Bhd*
*Offers Shariah financing
With the Government’s support for P2P financing as announced at the Budget 2025 tabling, SARANA provides a viable alternative to bridge critical funding gaps, particularly for companies facing challenges in assessing traditional financing.
This initiative of enabling access to the capital market through P2P platform operators is also in line with the SC’s Catalysing MSME And MTC Access to the Capital Market: 5-Year Roadmap (2024-2028).
Since the introduction of the P2P regulatory framework by the SC in 2016, registered P2P platform operators have played a pivotal role in addressing the financing needs of locally incorporated companies. As of 30 September 2024, P2P financing has raised a total of RM7.9 billion.
For more information on SARANA, visit www.sc.com.my/sarana.
