MDEC to partner with 11 crowdfunding operators to help entrepreneurs brace Covid-19 storm

29 January 2021

The Malaysia Digital Economy Corporation (MDEC) has launched the Alternative Funding Programme and will partner with 11 crowdfunding operators to help entrepreneurs tide over the economic challenges brought on by Covid-19. 

This follows the successful launch of the same programme last year which saw a total of 16 companies successfully listed on participating platforms with a total of RM19.89 million raised.

PolicyStreet is among the startups which raised RM7.8 million through the programme and the largest funds raised to-date from an Equity Crowdfunding (ECF) platform in Malaysia.

“With the continued disruption to businesses caused by the outbreak in 2020, it is crucial for startups in Malaysia to be able to explore multiple avenues for funding. It is in the best interest of MDEC for them to have more options to ensure sustainable cash flow,” Chief Executive Officer (CEO) of MDEC, Surina Sukri said.

A total of five ECF and six peer-to-peer (P2P) platforms are taking part in the Alternative Funding Program by MDEC;


1.      ATA Plus


3.      Eurecca

4.      Leet Capital

5.      pitchIN


1.      B2B Finpal

2.      CapBay

3.      Funding Societies

4.      microLEAP

5.      MoneySave

6.      QuicKash

“Our division will engage the founders of MSC-status companies and other high-networth-individuals to pay-it-forward as investors on these digital financing platforms to further encourage entrepreneurs to leverage on ECF and P2P platforms,” Gopi Ganesalingam, Vice President of MDEC’s Digitally Powered Business Division concluded.

Entrepreneurs can submit at to explore the alternative financing option which will be available until March 31.


An article by Business Today – Click here to read the official article.

Related News

E-commerce: Easing the transitional pains of setting up an online business
18 January 2021

For home-based and micro businesses, social media tools such as Instagram Shop and WhatsApp are viable ways to…. [Read More]
Vase Creation Launch Self-Love Products
Vase Creation Launch Self-Love Products to Conclude Turbulent Year With A Bang
1 December 2020

A month left till the end of 2020 and looking back, the year was filled with nothing but turbulence. However, the homegrown beauty…. [Read More]
Tax Planning 2020
1 December 2020

When it comes to Tax, not everyone is a fan. But it’s a way of giving back to the nation and eventually, for the community…. [Read More]
Budget 2021 Highlights
6 November 2020

Finance Minister Tengku Zafrul Aziz has announced our Budget 2021 on 6 Nov 2020, with a total expenditure projected at RM322 billion next year. The budget next year… [Read More]

LamboBlog is brought to you by LamboPlace Sdn. Bhd. (1255316-V).

Do you have an enquiry or would like to reach out to us?

Email us at

About LamboPlace Sdn. Bhd.

LamboPlace is a Malaysian-homegrown online marketplace that sells only authentic & genuine products.

Start enriching your online shopping experience with us now and enjoy our fast delivery service!