MTDC, pitchIN & MicroLEAP Inked Memorandum of Understanding To Participate In Equity Crowdfunding Investment And Peer-2-Peer Financing

KUALA LUMPUR, May 12 (Bernama) — Malaysian Technology Development Corporation (MTDC) today signed two Memorandum of Understanding (MoU) with Pitch Platforms Sdn Bhd (pitchIN) and Microleap PLT (MicroLEAP) respectively to collaborate and cooperate in the areas of peer-to-peer (P2P) financing, equity crowdfunding (ECF), capital investment and investing in companies outside their ecosystem. Both entities are providers of public funding (CF) registered platforms in Malaysia that include Public Equity Funding (ECF) & Equal Funding (P2P).

In a statement, MTDC said that both collaboration would enable the company to participate in equity crowdfunding investment and P2P financing up to thirty per centum (30%) in eligible prospective companies per campaign of equity crowdfunding and P2P financing. The collaboration will also grant access to the relevant information in relation to offerings on the equity crowdfunding and P2P financing platform.

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