Securities Commission Malaysia (SC) announced SARANA, an alternative financing scheme delivered through nine SC-registered peer-to-peer (P2P) financing platform operators within the Government e-procurement system. Effective immediately, SARANA is designed to support the working capital needs of Micro, Small and Medium Enterprises and small contractors participating in government contracts for supplies, services or works. The scheme provides two options: invoice financing to support cash flow after contract delivery, and pre-financing for contract implementation to bridge initial working capital needs before project execution. Participating P2P operators are Bay Smart Capital Ventures, B2B Finpal, Capsphere Services, Crowd Sense, P2P Nusa Kapital, FBM Crowdtech, MicroLEAP, Modalku Ventures and Moneysave, with Shariah financing available through Bay Smart Capital Ventures, Capsphere Services, Crowd Sense, P2P Nusa Kapital, MicroLEAP, Modalku Ventures and Moneysave. The SC linked SARANA to the Government’s Budget 2025 support for P2P financing and to its 2024–2028 roadmap on MSME and mid-tier company access to capital markets; it also noted that, since the P2P regulatory framework was introduced in 2016, P2P financing has raised MYR 7.9 billion as of 30 September 2024.
Malaysia Securities Commission 2025-01-27
Securities Commission Malaysia launches SARANA alternative P2P financing for MSMEs and small contractors in government e-procurement
Securities Commission Malaysia launched SARANA, an alternative financing scheme via nine registered P2P platforms within the Government e-procurement system, to support Micro, Small and Medium Enterprises and small contractors in government contracts. The scheme offers invoice and pre-financing options, with Shariah financing available through select operators. SARANA aligns with the Government’s Budget 2025 and the SC's 2024–2028 roadmap, with P2P financing raising MYR 7.9 billion since 2016.