SME digital financing platform, Funding Societies, has launched its zero-collateral enhanced product BizFund with the aim of helping Malaysian SMEs to return to their full economic potential consequent to the markets recovering from the adverse impact of Covid-19 pandemic. BizFund offers SMEs across Malaysia with funds up to RM300,000 (US$67,355) that can be repaid within 18 months. SMEs that are at least one year old with at least 30% shareholding by local Malaysians are eligible to avail BizFund finance. This product has been designed to address various challenges faced by SMEs when they approach banks seeking financing to expand their business ventures.
