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 : Talkback Tuesday: What was a slang word from your youth, and is...

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

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management 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

Sarah Jane Mahmud, Senior Industry Analyst, Bloomberg Intelligence discusses the outlook for Singapore banks.

7:45 AM

Morning Brief

Khairy Jamaluddin, podcaster and former Minister of Health discusses Bukit Damansara protest and sustainable urban planning.

8:00 AM

The Breakfast Grille

Koichiro Satomi, Deputy Group Managing Director of Asia Pacific Kinokuniya and Managing Director for Kinokuniya Malaysia talks about what differentiates Kinokuya from other bookstores in the country and more.

8:30 AM

Morning Brief

Nigel Wong, President of MATTA, on the tourism industry's expectations of Budget 2025.

8:45 AM

Morning Brief

Dr James Chin, Professor in Asian Studies, University of Tasmania discussing key developments on Sabah state elections.

9:00 AM

Opening Bell

(REPEAT) Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We provide an update on the FBM KLCI, the counters gaining and losing the most value, as well as the listed players that are moving the local bourse the most.

9:35 AM

People, Planet, Profit

Belinda Schape, China Policy Analyst at CREA, discusses what China’s first emissions cut target of up to 10% by 2030 means for its climate ambitions.

10:05 AM

Open For Business

Jacinta Lim, Co-Founder, Seek Sophie, on how she curates hidden-gem experiences across Asia for the travel platform.

11:00 AM

Marketing Mojo

Mimrah Mahmood, Vice President, Enterprise, Asia Pacific, Meltwater, discusses the risks of "blind spots" like WhatsApp groups and the proactive monitoring strategies brands can use to protect their reputation.

12:00 PM

Enterprise Explores

Datuk Fazlur Rahman Zainuddin, Principal Officer, Syarikat Jaminan Pembiayaan Perniagaan, explains how SJPP plays a pivotal role in helping SMEs and mid-tier companies get loans when collateral is an issue.

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Beyond the Ballot Box

Representatives from the Gender Budget Group share their wishlist for Budget 2026 and what it takes to build a more inclusive and equal Malaysia across genders.

4:05 PM

Health & Living

Breast cancer is one of the most treatable cancers if detected early, so why are some women still refusing to do mammograms today? We speak to community advocates on how we can change things up.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Tuesday

What was a slang word from your youth, and is it still in use? Also, do you know where it came from?

8:00 PM

BBC World Service

What's the appropriate portion size for your meals? This episode of The Food Chain tries to find the answer.