BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Is P2P Financing The Solution For Your Business?

Is P2P Financing The Solution For Your Business?

Chai Kien Poon, Country Head, Funding Societies Malaysia

20-Apr-23 12:00

Is P2P Financing The Solution For Your Business?

A survey by Bank Negara notes that 19% of local SMEs have struggled to access funding from traditional financial institutions. However, with the recent boom in fintech, businesses can now lean on other forms of financing, such as peer-to-peer (P2P) lending.

The Securities Commision of Malaysia notes that between 2020 and 2021, P2P markets continued to grow, seeing a 122% increase in total fundraising, as well as 48.6% increase in the overall number of successful campaigns and participating issuers in 2021. A great illustration of this take up is Funding Societies, considering that they are the biggest player in Malaysia based on volume in 2021. They helped MSMEs secure a total of RM 309 million, equivalent to 27% of all P2P funding raised in 2021.

In more recent news, the platform announced that they have disbursed RM13.4 billion over more than 5 million transactions to SMEs across Southeast Asia, with RM2 billion disbursed in Malaysia since 2017.

On this episode of BizBytes, we explore the role of P2P Financing in the SME and startup landscape with Chai Kien Poon, Country Head of Funding Societies Malaysia.

We get into what you should know before taking it up, the kind of take up Funding Societies has seen in Malaysia, and what this tells us about the state of SMEs in Malaysia.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan, Richard Bradbury


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketstechnologyeconomyentrepreneursSMEfinancial wellnessinvestments

Tags:  equity fundingpeer-to-peer lendingcrowdfundingstartupmsmefundinginvestmentsinvestors





Play / Pause

Listen now : The Breakfast Grille: Laura Blanco & Abdelwahab Hani of the UN Committee...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Carlos Casanova, Senior Economist, UBP, tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Krystal Tan, Economist at ANZ Bank analyzes Thailand’s economy under new Prime Minister Anutin Charnvirakul and whether his team can deliver results.

7:45 AM

Morning Brief

Dr. Law Teik Hua, Associate Professor at Universiti Putra Malaysia on autonomous vehicles in Malaysia

8:00 AM

The Breakfast Grille

Laura Blanco & Abdelwahab Hani of the UN Committee Against Torture discuss humane alternatives to punishment.

8:30 AM

Morning Brief

Dr. Paul Anthony, Taylor’s University gives us his thoughts on EPF's efforts in rebuilding its savings.

8:45 AM

Morning Brief

Ahmad Dasuki bin Abdul Majid, Chief Executive of PTPTN discusses the repayment rate of PTPTN loans and the Lestari Pendidikan campaign.

9:00 AM

Opening Bell

(REPEAT) Carlos Casanova, Senior Economist, UBP, tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

The Property Show

Patrick Au, CEO of VYROX discusses how the smart home technology has evolved over the years.

10:05 AM

Open For Business

Hiro Tan, Managing Director, Rotiboy

11:00 AM

The Workplace

, Aon's Surendran Ramanathan shares findings from its 2025 Malaysia Employee Benefits and Wellbeing Report

12:00 PM

Enterprise Explores

Ganesh Kumar Bangah, Chair, e-Commerce Malaysia, PIKOM

1:00 PM

The Breakfast Grille Repeat

Laura Blanco & Abdelwahab Hani of the UN Committee Against Torture discuss humane alternatives to punishment.

2:05 PM

Discovery Hour

3:05 PM

Earth Matters

This Merdeka and Malaysia Day, we highlight a family whose love for nature runs deep. Wildlife photographer Anuar McAfee and his sons share their adventures exploring Terengganu’s forests, rivers, and skies.

4:05 PM

Health & Living

What happens when older adults misuse substances, such as their own prescription drugs? We speak to an expert to find out the dangers and how to help them.

5:00 PM

Top 5 at 5

6:00 PM

Big Issue

We speak to Dewan Rakyat Speaker, Tan Sri Dato' Johari bin Abdul about the Indonesian protests and what it says about parliamentary accountability.

7:00 PM

Stories of KL

Architect Yu Cher Tung shares how sketching with Urban Sketchers KL is a way of seeing and remembering the city through art.

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my