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Markets Insider: Fundnel Unveils Sustained Demand for ECF Deals Amidst Global Economic Headwinds and Reports Growing Interest in Revenue-Sharing
KUALA LUMPUR, Malaysia, July 17, 2020 /PRNewswire/ -- Fundnel Malaysia today announced its performance for 2019, signalling sustained demand for alternative investments and lending. Over 240 Small and Medium-sized Enterprises (SMEs) sought the private investment platform's expertise for fundraising, surpassing the industry's average deal activity; four fulfilled Fundnel's stringent requirements and have collectively raised RM5m. Across its five country markets, Fundnel secured US$120 million in essential funding for startups, private companies and venture capital funds, rendering 2019 its best year yet.These fundraisers hail from various industries, from Food and Beverage (F&B) to Fintech. Amongst them, two SMEs -- Celmonze The...
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