KUALA LUMPUR, Jan 27 — The Securities Commission Malaysia (SC) has today launched Sarana, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the government e-procurement system.
SC said in a statement that it is effective immediately and aims to address the working capital needs of micro, small, and medium enterprises (MSMEs) and small contractors participating in government contracts for 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 to bridge contractors’ initial working capital needs before a project is executed,” it said in a statement.
The participating P2P platform operators are Bay Smart Capital Ventures Sdn Bhd, B2B Finpal Sdn Bhd, Capsphere Services Sdn Bhd, Crowd Sense Sdn Bhd, P2P Nusa Kapital Sdn Bhd, FBM Crowdtech Sdn Bhd, MicroLEAP PLT, Modalku Ventures Sdn Bhd and Moneysave (M) Sdn Bhd.
With the government’s support for P2P financing as announced in Budget 2025, Sarana provides a viable alternative to bridge critical funding gaps, particularly for companies facing challenges in assessing traditional financing.
This initiative to enable access to the capital market through P2P platform operators is also in line with SC’s Catalysing MSME and MTC Access to the Capital Market: Five-year Roadmap (2024–2028).
Since the SC introduced the P2P regulatory framework in 2016, registered P2P platform operators have played a pivotal role in addressing the financing needs of locally incorporated companies.
As of September 30, 2024, P2P financing has raised RM7.9 billion.
— Bernama
