microLEAP
Company

Last deal

$3.3M

Amount

Corporate Round

Stage

12.01.2021

Date

2

all rounds

$3.7M

Total amount

General

About Company
MicroLEAP is a Malaysian fintech platform providing alternative micro-loans and conventional financing to small enterprises.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Corporate Round

IPO status

Private

Description

The platform is a strictly regulated P2P financing tool that enables issuers to obtain financing from investors without having to go through a financial institution. Investors can invest from as little as RM50 in shariah-compliant investment notes and enjoy monthly returns of up to 18% p.a. Issuers can raise funds from RM1,000 to RM500,000 via shariah-compliant financing and receive free personal accident insurance and basic debt management and accounting online video training. The platform also offers the League of Extraordinary Investors, which rewards investors with points that lead to lower fees as they move up the rankings.