Singapore-Based Fundnel Expands To Malaysia

KUALA LUMPUR, Nov 9 (Bernama) – Singapore-based private investment platform Fundnel Ltd has formally expanded to Malaysia. Its launch was officiated by Malaysia Digital Economy Corporation (MDEC) Growth Ecosystem Development Vice President, Norhizam Abdul Kadir. The expansion follows Fundnel’s appointment as a Recognised Market Operator by the Securities Commission Malaysia (SC) – the first approval SC has granted in almost two years. “Fundnel Malaysia will provide a comprehensive suite of capital raising services, targeted at local unlisted growth companies that form the backbone of the economy,” it said in a statement Friday. This will include small and medium enterprises ranging from local cafés and retail stores to larger companies in the fields of education and wellness, it said. Fundnel offers a modern capital raising solution that is cost- and time-efficient. The fintech company adopts a technology- and data-driven approach to connect quality businesses with growth capital, in tandem with the Malaysian government’s effort to promote the use of technology to drive financial inclusion and equitable opportunity for the rakyat. Applications on Fundnel have the potential to reach a global network of over 10,000 investors and partners whereupon multiple investment offers will be made. --BERNAMA