Good prospects for peer-to-peer financing

THE peer-to-peer (P2P) financing industry in Malaysia is expected to continue thriving as Funding Societies Malaysia is expecting disbursement to grow to RM300mil in 2019 from about RM100mil this year, according to its chief executive officer Wong Kah Meng.

Against the backdrop of the Budget 2019 announcement, which suggested a more proactive role for P2P financing in alleviating the financing gap encountered by SMEs as well as first-time home buyers, prospects are bright for growth acceleration, he added.