Fundaztic.com (Fundaztic) made its debut on the peer-to-peer (P2P) financing platform with a low entry barrier investment of RM50, and is now expecting to draw investors to fund more than 500 micro and small and medium-sized enterprises (SMEs), and startups within the first year of operations to reach a funding goal of RM40 million.
Fundaztic.com went ‘live’ exactly two months ago on July 7th 2017, by hosting five investment notes for SMEs and startups with total funding amounting RM530,000. The first issuer hosted, reached its funding target of RM20,000 through investments from a total of 37 investors within the first four hours of being “hosted” on the platform.
CTOS, Malaysia’s largest credit reporting agency, and Handshakes Technology (M) Sdn Bhd, a corporate intelligence technology provider, have signed a partnership agreement to provide corporate intelligence services to Malaysian companies under the banner of ‘CTOS ConneX’.
CTOS ConneX is one of the most powerful analytics tools in Asia, providing a streamlined service for efficient searches of business or person profiles and relationships across various Asian markets. It is a one-stop, central operating analytics platform that maps out all possible and existing connections between companies and persons within the business ecosystem.
MIDA, in collaboration with TRX City today hosted prominent foreign chambers of commerce on a visit to TRX, KL’s international financial district. The private event was attended by delegates from various chambers of commerce representing six of Malaysia’s prominent trading partners; India, New Zealand, France, Japan, Australia and South Korea. This visit is part of MIDA’s initiative to highlight investment opportunities in high-impact projects like TRX to the international business community.
Datuk Azman Mahmud, CEO of MIDA said, “MIDA sees TRX as a long-term profitable location for businesses to expand due to its excellent accessibility and connectivity to the vibrant ecosystem available in the existing city centre and the rest of Greater Kuala Lumpur. It offers exciting prospects for companies seeking to centralise their key functions in one location and streamline their global support services to enhance efficiency and productivity. By locating here, companies can be closer to an established supply chain and matured workforce. Given the strategic value propositions, MIDA expects many more multinational companies (MNCs) and local conglomerates to seize these budding opportunities and increase their competitiveness by setting up their operations in TRX.”