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SC: Funds raised by peer-to-peer financing increased 38.6% to RM1.58 bil in 2022

Publish date: Mon, 27 Mar 2023, 04:43 PM

KUALA LUMPUR (March 27): Total funds raised via peer-to-peer (P2P) financing increased 38.6% to RM1.58 billion in 2022, from RM1.14 billion in 2021, according to the Securities Commission Malaysia's (SC) 2022 annual report released on Monday (March 27).

Since its inception, total funds raised via P2P financing stood at RM3.87 billion.

The fundraising in 2022 was successfully carried via 24,455 campaigns, increasing 71% from 14,301 campaigns in 2021.

In 2022, the total number of issuers increased 88% to 3,373 from 1,986 in 2021, with the majority of issuers based in Selangor and Kuala Lumpur. 

Campaign sizes in 2022 continued to be of smaller fundraising amounts, with 70% of campaigns raising funds at RM50,000 and below.

The “wholesale and retail trade; repair of motor vehicles and motorcycles” sector continued to receive the most funds in 2022, with total funds raised amounting to RM927.72 million.

Meanwhile, 54% of investment notes issued in 2022 are categorised as other financing types, comprising distinct product offerings from various recognised market operators (RMOs).

The majority of the campaigns continued to trend towards shorter-term financing in 2022, with 69% of investment notes having tenures of three months or less.

The purpose of fundraising in 2022 continued to be predominantly for working capital.

Since P2P financing was introduced in 2016, the total number of participating investors has reached more than 32,000.

For a year-on-year comparison, investor participation surpassed 16,000 in 2022 compared to more than 15,000 in 2021.

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