The Securities Commission Malaysia (SC) today announced SARANA, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the Government e-procurement system.
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Effective immediately, this alternative financing option aims to address the working capital needs of Micro, Small and Medium Enterprises (MSMEs), and small contractors, participating in Government contracts under the scope of supplies, services or works.
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SARANA offers two primary financing options, namely:
- Invoice financing, which supports cash flow post-contract delivery; and
- Financing for contract implementation (pre-financing), to bridge contractors’ initial working capital needs before a project is executed.
The participating P2P platform operators are as follows:
- 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
- Moneysave (M) Sdn Bhd
With the Government’s support for P2P financing as announced at the Budget 2025 tabling, SARANA provides a viable alternative to bridge critical funding gaps, particularly for companies facing challenges in assessing traditional financing.
This initiative of enabling access to the capital market through P2P platform operators is also in line with the SC’s Catalysing MSME And MTC Access to the Capital Market: 5-Year Roadmap (2024-2028).
Since the introduction of the P2P regulatory framework by the SC in 2016, registered P2P platform operators have played a pivotal role in addressing the financing needs of locally incorporated companies. As of 30 September 2024, P2P financing has raised a total of RM7.9 billion.
About Securities Commission Malaysia (SC)
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.
The Securities Commission Malaysia has direct responsibility for rule-making, enforcing regulations pertaining to the capital market, ensuring sustainable market growth and development, supervising capital market activities and market institutions including the exchanges, clearing houses and registered market operators, and regulating all entities and persons licensed under the Capital Markets and Services Act 2007. Based on the SCA, the SC reports to the Minister of Finance and our accounts are tabled in Parliament annually.
