“That was when I came across the UK-based P2P financing platform MarketInvoice, which provides invoice financing for companies by using investors’ funds. They began by helping to improve banks’ invoice financing processes so they could serve more small and medium enterprises (SMEs). Our idea of starting a P2P financing platform is to allow retail investors to invest alongside large corporate lenders and financial institutions in the same deals,” says Ang. During the pilot period, the team financed about RM20 million worth of deals on its P2P financing platform, according to Ang. “The whole idea of starting the P2P financing platform is to provide retail investors with access to high-quality investments alongside large corporate investors.

Source: The Edge Markets September 30, 2020 03:22 UTC