The services sector has been a driver of Malaysia’s economic and job growth in recent years. Ethis Ventures is a familiar name in the Islamic P2P and crowdfunding space. “We have a team waiting for the green light to build it and once we have the framework, … “There’s a prescribed application form that needs to be completed, and supporting documents tha… Businesses that intend to use equity crowdfunding (ECF) to raise capital in Malaysia are now required to appoint a licensed institution to hold and administer the funds during the crowdfunding offer period. Source: Securities Commission (SC) Malaysia- Crowdfunding Statistics [September 2019] . 4. Embracing a Mobile Culture: How to Satisfy Customers Without Compromising Security, Harnessing the Power of Data in Wealth Management, TNG Digital Reportedly Seeking to Raise US$150 Million, Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions, GHL Ties up With Loanstreet to Offer Online Road Tax and Insurance Renewal. Generally, an application for a business license and signboard license must be accompanied by: (i) Photocopy of the applicant's identity card (ii) Passport-sized photograph of the applicant (iii) Copy of the company's M&A … The Securities Commission Malaysia (SC) has released a new property crowdfunding framework, following revisions made to its Guidelines on Recognised Markets here today. Secondly the issuer can raise a maximum amount of RM5 million in totality. As of December 2019, RM73.74 million investments was raised, with 80 successful campaigns and 77 successful issuers. Companies doing business in Malaysia are required to apply for business premise licenses and signboard licenses from the respective State Authorities. Under this scheme, the sale of your current flat will simultaneously occur with the purchase of another unit. An issuer can only raise up to RM3 million within a 12 month period and this can be done through several campaigns in this period. In 2015, the Securities Commission Malaysia (SC) approved six ECF operators to provide alternative funding platforms for small businesses and entrepreneurs. To date, 10 ECF platforms have been registered. Just feel that the Covid-19 pandemic is a good opportunity to investment in stock market at a good price (hopefully). I don’t know how to read financial report or pick an undervalued stock but my guess is many blue chip stocks are now at … May 2018 | Mountain Partners. Mountain Partners Malaysia Invests in Ethis. The growing interest in investment among Malaysians is great news but it comes with greater risks of scams too. Use MyCash Money app to instantly transfer money, reload mobile phones, or pay your bills, anytime, anywhere. ECF license will allow retail investors, especially to tag along; Opportunity for 1337 Ventures to level up funding it can provide; HAVING received one of the three new licences from the Securities Commission Malaysia to operate an Equity Crowdfunding (ECF) platform, Bikesh Lakhmichand (pic), founding partner and CEO of venture accelerator 1337 Ventures Sdn Bhd, is busy getting down to work. Vincent Fong is the Chief Editor for Fintech News Malaysia. Malaysia’s peer-to-peer (P2P) financing and equity crowdfunding (ECF) space just got more exciting, with the introduction of eight new registered market operators last month. Founded in 1973, RE/MAX is the of the world's leading real estate agency. The first order of business is to build their ECF platform. All Rights Reserved. The new equity crowdfunding players … The CMSA which takes effect on 28 September 2007 introduces a single licensing regime for capital market intermediaries. Today the brand operates in more than 100 countries with over 7,000 offices employing more than 110,000 agents. Whereas on the P2P lending front the new players are; CapitalBay, Capsphere Services, Crowdsense, MicroLEAP and Money Save Capital. We understand the work flow and process of the ECF, offering trustee services to help the licensed operator meet the license criteria, as well as to those looking into crowdfunding and trustee services. The first batch of ECF licenses was given out to six platform operators in 2015, making Malaysia the first country in Asia to legislate ECF. Enhanced Contra Facility (ECF) The ECF jointly introduced by the HDB and CPF Board aims to reduce the inconveniences faced by second-timers, by making sure you already have a new home to move into once you complete the sale.. What’s Next for Hong Kong’s Open Banking and Financial Ecosystem? 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