Case Study of Malaysia
microLEAP is a Malaysian P2P (Peer-to-Peer) nancing platform that focuses on the micronance sector. It was established in 2018 and given “Go-Live” permission by Securities Commission Malaysia (SC) in October 2019.
microLEAP is led by Tunku Danny Nasaifuddin Mudzaffar (founder and CEO), Matthew Fernandez (COO), Marzuki Musa (CMO), and Amir Azril (CTO).
microLEAP allows issuers access to an alternative source of funds: The Peer-to-Peer (P2P) Lending market. The platform allows investors to bypass the intermediary banks and micronance institutions and directly invest in micro-enterprises.
<pstyle=”text-align: justify;”>The platform’s source of income is the fees charged to Investors/lenders and to Issuers/borrowers.