Private Investment Platform Fundnel Expands to Malaysia

Date received : 9-Nov-2018:
Location: Singapore

Fundnel, a Southeast Asia-based private investment platform who announced its official expansion into Malaysia at a launch event yesterday officiated by Mr Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC).

Fundnel has originated over US$100 million worth of deals, including for the likes of SpaceX, Vickers Ventures Partners, Dymon Asia Ventures, along with a number of SEA based SMEs. Key points of the announcement:
  • Fundnel is the first company to have obtained a Recognised Market Operator license from the Securities Commission Malaysia in almost two years
  • Fundnel Malaysia will provide a comprehensive suite of capital raising services targeted at local unlisted growth companies
  • Applications on Fundnel Malaysia's platform have to potential to reach a global network of over 10,000 investors and partners whereupon multiple investment offers will be made

 Small and medium enterprises (SMEs) are playing an increasingly larger role in the continued prosperity of not just the Malaysian economy, but across Asia Pacific. Comprising more than 90 per cent of all businesses in Asia, SMEs represent the primary drivers of economic growth, but often find their potential constrained by a lack of access to financing which causes them to stagnate.

Fundnel seeks to change the status quo via a technology and data driven approach that is both cost and time efficient, driving financial inclusion with technology. With applications on Fundnel Malaysia's platform open to a global network, investors across SEA stand to benefit from more investment options listed on a trusted avenue where they will be able to to fund prospective, high-growth businesses located in relatively close proximity.

The expansion into Malaysia reinforces its commitment to financial inclusion in Asia, and represents the next step to achieving this vision following successes in Australia and Singapore.