Fundraisers 08 September 2021

All you need to know about MyCIF and equity crowdfunding in Malaysia


Ever wondered how you can maximise your ECF fundraising progress with MyCIF? We break it down for fundraisers here

Equity crowdfunding (ECF) is an innovative and convenient way for startups and small businesses to raise funds not just from the Malaysian public, but also from MyCIF.

What is MyCIF?

Created by the Malaysian government and the Securities Commission (SC), the Malaysia Co-Investment Fund (MyCIF) aims to enhance access to financing for Malaysian small and medium-sized enterprises (SMEs), and increase investor participation in the country.

It is Fundnel's honour to be a partner in the MyCIF initiative, enabling our successful ECF fundraisers to access further forms of capital.

What does this mean for fundraisers?

MyCIF will invest RM1 for every RM4 for ECF campaigns that successfully raised their minimum fundraising amount from Fundnel, at a limit of RM1 million per campaign. This investment ratio helps to boost fundraising efforts for Malaysian companies.

MyCIF operates on a first-come-first-serve basis, until all allocated funds have been disbursed.

What does it take and how much does it cost to fundraise via ECF through Fundnel?

There are absolutely zero fees to sign up and create a fundraiser account. There are also no costs to apply for fundraising, unlike some ECF platforms in Malaysia.

To get started, simply submit your application right away through our online platform. You should have some basic company information on hand, including incorporation details, business registration numbers, financial performance etc.

What is our scope and fees?

For successfully-funded ECF campaigns, Fundnel charges a percentage-based fee of total funds raised from your deal upon success.

Upon engaging us, we will run a thorough due diligence process to validate your product to investors, whilst listing your deal on our platform and coordinating investor roadshows to market your deal. We will also assist you with the preparation of investment highlights to facilitate investor interest, freeing up your time to continue running your business and maintaining business performance during the fundraising process.

Once you have successfully raised your minimum fundraising amount on Fundnel and indicated your interest in applying for MyCIF, Fundnel will send in an application to MyCIF on your behalf.

For fees related to a successful MyCIF application, please visit our FAQ here.

How do I qualify for fundraising via ECF and MyCIF on Fundnel?

Visit us here to find out how to fundraise via ECF on Fundnel

For more information on eligibility and applying for MyCIF, explore our FAQs