MyCIF fuels nearly US$424mil in private investments for Malaysian MSMEs in 2023

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MyCIF fuels nearly US$424mil in private investments for Malaysian MSMEs in 2023 - Digital News Asia

Quick Summary:

Since its inception, MyCIF has received a total allocation of RM250 million from the government, successfully co-investing RM930 million in over 6,000 MSMEs.This has generated a 3.7 times multiplier effect, drawing in RM3.82 billion in private investments and bringing the total funds raised with MyCIF’s support to a staggering RM4.75 billion.

Invested US$61.25 mil in 2023, boosting 3,587 Malaysian SMEs

New US$212 mil allocation in 2024 supports agriculture, healthcare, education sectors In a display of support for micro, small, and medium enterprises (MSMEs) across Malaysia, the Malaysia Co-Investment Fund (MyCIF) has co-invested US$61.25 million (RM289 million) through alternative financing platforms in 2023.