- Claims that more than 9,500 MSMEs have benefited from its co-investments
- MyCIF impact investments rose to US$1.61M in 2024, reflecting focus on food security & social enterprises
The Malaysia Co-Investment Fund (MyCIF) has exceeded US$212.8 million (RM1 billion) in total co-investments since its inception. In a statement, the Securities Commission Malaysia noted that this marks a significant milestone in supporting the growth of micro, small and medium enterprises (MSMEs) in the country.
MyCIF, established by the Ministry of Finance under Budget 2019, has played a pivotal role in the financing landscape, utilising equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms to channel funds to MSMEs.
Since its inception, MyCIF states that more than 9,500 MSMEs have benefited from its co-investments.
In its Annual Performance Report 2024, released today, MyCIF reported that total co-investments had reached US$280.8 million (RM1.19 billion) as of the end of 2024, with US$62.3 million (RM264 million) invested in 2024 alone.
[RM1 = US$0.23]
According to MyCIF, the fund has attracted 4.1 times more in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect and a 21.4% increase in total private investment.
The total co-investments of RM1.19 billion represent 4.6 times the RM260 million disbursed by the Government to date, highlighting the efficient use of public funds.
Beyond the General Scheme’s 1:4 co-investment ratio, MyCIF continues to support strategic and underserved segments of the economy through targeted schemes, such as the Food Security and Environmental & Social Enterprise Schemes, which operate with a preferential 1:2 ratio.
Co-investments in these targeted areas rose to RM7 million in 2024, up from RM3.4 million in 2023, underscoring MyCIF’s growing commitment to impact-focused investment. Under Budget 2025, MyCIF has earmarked up to RM40 million to promote innovative Islamic risk-sharing financing via ECF and P2P platforms.
This allocation complements existing schemes and is intended to encourage broader adoption of Islamic finance structures (based on Musharakah and Mudharabah concepts) by offering key incentives:
- MyCIF will invest on a first-loss basis in ECF and P2P campaigns using Islamic risk-sharing models; and
- For P2P campaigns, MyCIF will invest at a 0% financing rate.
In July 2024, MyCIF launched the Environmental & Social Impact Scheme to support impact-driven businesses across sectors such as the environment, community, food security, education, and healthcare. The scheme also extends to MSMEs financing Waqf asset development projects within these focus areas.
To increase awareness and access to funding, MyCIF held its inaugural nationwide roadshow in Penang in February 2025, themed “Empowering Financing, Advancing Growth.” Supported by the Northern Corridor Implementation Authority (NCIA), the event aimed to raise awareness among MSMEs in northern Malaysia.
The next roadshow will be held in Kota Kinabalu on 31 July 2025, further strengthening connections between the capital market and entrepreneurs in Sabah to foster MSME growth.
The MyCIF Annual Report and other details are available here.
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