MDCC Forum Highlights: Pioneering Fundraising Innovations and Building Connections

Discover key highlights of the MDCC Forum where we explored innovative fundraising solutions transforming Malaysia’s fintech landscape. Click to find out more.
6 Minute Read · 12 Nov, 2024

The recent MDCC Forum, co-organised by Masverse, successfully brought together industry leaders, innovative startups, and key players in Malaysia’s fintech landscape to explore the future of fundraising. Moderated by Enho Lim from Enho Grace & Partners, the first session featured panelists Nicholas Chong from pitchIN, Elyssa Tai from MyKapital, and Matthew Noel Fernandez from microLEAP, who shared insights on how new technologies and models are reshaping Malaysia’s fundraising landscape.

Equity Crowdfunding: Building Communities of Investors

After the opening speech by Dr Suresh Naidu Sadasivan, Nicholas Chong from pitchIN highlighted equity crowdfunding as a powerful tool for startups to attract investment from a broad community. Beyond funding, this approach builds a network of loyal supporters actively engaged in the growth of the business. Nicholas noted that this model offers businesses a unique opportunity to secure capital while cultivating a community of invested advocates.

Blockchain-Enabled Fundraising: Security and Transparency

Following on, Elyssa Tai presented MyKapital’s blockchain-based platform as a game-changer for fundraising transparency and security. Using blockchain, MyKapital offers a reliable, traceable platform where every transaction is secure, benefiting organisations prioritising regulatory compliance and transparent capital-raising efforts. Elyssa underscored how blockchain brings trust and traceability previously unseen in traditional fundraising.

Peer-to-Peer (P2P) Financing: A New Path to Financial Inclusion

Matthew Noel Fernandez from microLEAP shared the potential of P2P financing to provide accessible funds for SMEs across Malaysia. By offering both Islamic and conventional financing options, microLEAP serves businesses that often face challenges accessing traditional loans. Matthew emphasised that P2P financing through platforms like microLEAP supports financial inclusion and ethical investment, providing SMEs a critical path to growth.

Key Investment Insights from the Second Panel

Moderated by SJ Koay from Masverse, the second panel explored new fundraising opportunities and key investment criteria, with insights from experts Fadzli Hisham Mohd Aini (MDEC), Farah Wahidah AB Rafik (Cradle), CT Choo (FISOM), and Justin Lim (Nexea).

One standout insight emerged when panellists were asked, “Other than revenue, what else do you look for in a startup that you want to invest in?” They identified chemistry and a founder’s adaptability as crucial qualities. Investors stressed that while financials are important, a startup’s potential is often defined by the founder’s vision. Openness to growth and alignment with investor values also play crucial roles. This discussion highlighted that adaptability, resilience, and a collaborative spirit are key to success in the startup world.

Interactive Booths and Networking Opportunities

Beyond the panels, the forum hosted interactive booths from exhibitors like Sangkaya, MDCC, pitchIN, microLEAP, Ni Hsin, FRAC, Ember AI, and WeKongsi. Attendees explored innovative tech and products, sparking interest and potential collaborations. This dynamic setting encouraged valuable connections. It offered companies a chance to broaden their reach and strengthen relationships within the fintech ecosystem.

A Look Ahead for Malaysia’s Crowdfunding Landscape

The MDCC Forum highlighted Malaysia’s growing commitment to inclusive, transparent, and tech-driven fundraising. Expert discussions revealed that Malaysia’s digital finance landscape is ready to support startups and SMEs. Key tools include equity crowdfunding, blockchain, and P2P financing. Ultimately, the event’s success underscores the rising demand for innovative fundraising methods and meaningful connections within Malaysia’s fintech ecosystem.

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