P2P-financing platform, microLEAP, one of the nine Securities Commision (SC)-registered platform participating in the newly launched Sarana alternative financing scheme is scaling its efforts to empower Malaysia’s micro, small and medium enterprises (MSMEs) and small contractors.
Through the Sarana financing scheme, microLEAP offers SMEs and governments contractors faster, more flexible financing options, such as invoice financing and contract pre-financing, enabling businesses to meet their working capital needs effectively.
With RM125 million in financing disburses in 2024 alone, marking a 101% year-on-year growth, Tunku Danny Nasaifuddin Mudzaffar, founder and CEO of microLEAP emphasised the critical role of alternative financing in building resilience within Malaysia’s SME sector.
“As the only P2P financing platform with offices in Sabah, Sarawak, Johor, Penang and Perak, microLEAP ensures SMEs across Malaysia can access financing tailored to their needs, regardless of location. This strategic reach is critical to advancing financial inclusion, particularly in rural areas, where businesses often struggle to secure funding,” he said.
He further added that the platform achieved a default rate of just 0.63% in 2024, a 41.1% improvement from 2023 meanwhile investor confidence surged, with a 61.2% increase in new investors joining the platform last year.