microLEAP Completes New Financing Round with MYR 13.25 Million from MAA Group

Malaysian-based microLEAP, a peer-to-peer (P2P) financing platform launched in 2018, announced its completion of a new financing round, through which it has successfully raised over MYR 13.25 million. Its previous round of seed funding was in 2020 where microLEAP raised MYR 2 million from the Malaysian Technology Development Corporation.

The funds, which were raised from Malaysian investment-holding company MAA Group, include MYR 1.25 million via equity and MYR 2 million in advances, both of which will go towards advertising, promotional expenses, technological enhancements and hiring more staff. microLEAP also secured MYR 10 million from MAA Group for investments across the former’s available conventional and Islamic Investment Notes.

microLEAP provides alterna...