Thursday, April 18, 2024
HomeRecent ArticlesBursa Malaysia and SSM launch SME X Platform

Bursa Malaysia and SSM launch SME X Platform

Bursa Malaysia Berhad, in partnership with the Companies Commission of Malaysia (SSM) unveiled the SME X Platform. This new data ecosystem portal is designed to empower the fund-raising communities with comprehensive datasets of Small and Medium Enterprises (“SMEs”) in Malaysia, that helps the SMEs in their business expansions and fund-raising initiatives.

Bursa Malaysia Berhad, in partnership with the Companies Commission of Malaysia (SSM) unveiled the SME X Platform. This new data ecosystem portal is designed to empower the fund-raising communities with comprehensive datasets of Small and Medium Enterprises (“SMEs”) in Malaysia, that helps the SMEs in their business expansions and fund-raising initiatives.

Read also – iCandy and Animoca Brands Partners to Unveils Snaky Cat

A first in the industry, the Platform integrates extensive information from both Bursa Malaysia and SSM, offering a comprehensive database of over 650,000 active companies in Malaysia. It serves as a rich resource for business analysis, providing detailed insights into companies’ financial performance, organisational structure, shareholdings, and more.

Read also – HashKey Exchange and Animoca Brands Forge Strategic Partnership

Emphasising the significance of the Platform, Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia, stated, “The SME X Platform, arising from our strategic partnership with SSM, serves as a bridge connecting SMEs with essential resources for their expansion and entry into the capital market. It plays a crucial role in enhancing the visibility and growth of SMEs in the capital market. This robust database is central to our commitment to nurturing the expansion of SMEs, thereby contributing to the progressive landscape of Malaysia economy.”

Read also – Bluewhite Raises $39M Series C Funding

Wong Chiun Chiek, Director of Bursa Intelligence, emphasised, “The SME X Platform represents a novel approach for both Bursa Malaysia and SSM. It’s a strategic tool that enhances decision-making for financial institutions and investment entities by offering a blend of analytics and comprehensive data. This facilitates a deeper understanding of the Malaysian business landscape, aiding venture capitals and private equity firms in developing more targeted, accurate and informed investment strategies and business. Our strategic collaboration brings forth a breadth of data from capital markets, fund flows, private entities (in collaboration with SSM), macroeconomic insights (in collaboration with Department of Statistics Malaysia (“DOSM”)), and our Centralised Sustainability Intelligence (“CSI”) platform providing Environmental, Social, and Governance (“ESG”)-related data, all hosted under our new Amazon Web Services (“AWS”) infrastructure.”

Read also – Silverfort Raises $116M Series D Funding

The SME X Platform bridges the gap between quality companies preparing for listing or needing to raise funds and potential investors. This collaboration between Bursa Malaysia and SSM opens up avenues for capital providers to pinpoint potential companies fit for public listing. It encourages enhanced disclosure practices and fosters opportunities for growth and collaboration among participants.

Read also – Summit Group Acquires UAE-based Sanctuary

About Bursa Malaysia

Bursa Malaysia Berhad today is one of the largest bourses in Asia with just under 1,000 listed companies offering a wide range of investment choices to the world. Companies are either listed on Bursa Malaysia Securities Berhad Main Board for larger capitalised companies, the Second Board for medium sized companies or the MESDAQ Market for high growth and technology companies.

Read also – Red Dot Capital Partners Announce First Close of $250 Mn Early Growth Fund

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular