Funding Societies a white knight for MSMEs in time of need

[superadmin]

PETALING JAYA: In a year when multiple global crises unfolded simultaneously in 2022, peer-to-peer (P2P) lending platforms like Funding Societies have been standing resolutely behind Malaysia’s micro small and medium enterprises (MSMEs).

Having gone through the aftermath of the Covid-19 pandemic, small businesses had to face galloping inflation, rising costs, and global supply chain shocks. And in times of economic turbulence, traditional banks tighten up their credit requirements when MSMEs need their credit lines the most.

Thankfully, P2P platforms are able to help bridge the gap by connecting credit worthy local MSMEs with individuals and institutional investors through a digital marketplace.

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