SHAH ALAM, Malaysia, July 13 (Bernama-PRNewswire) — Malaysian online loan comparison and services platform LOANPANDA has successfully raised nearly USD295K (RM1.3 million ) from equity crowdfunding (ECF) as it looks to transform the financial services ecosystem in Malaysia.
Valued at USD1.8 million (RM8 million), LOANPANDA’s campaign hit its minimum target of RM500,000 in 1 hour, and by the end of the campaign, the funds have exceeded more than 100% of the initial target to achieve RM1,251,000 in funding. A total of 176 investors have contributed to the funding.