Now with members from a wide range of fintech companies, we have connected various stakeholders in the industry, engaging them in conversation and fostering potential collabo-rations. If we want the industry to grow further, we must grow it together
We are the go-to channel for information on the FinTech industry in Malaysia and we will start conversations to take the industry forward.
We connect FinTech stakeholders with potential partners, as well as regulators in order to support FinTech innovation in Malaysia.
We engage the FinTech community through thought leadership, conferences and other avenues to ensure the continuous development of the industry.
STIMULUS PACKAGES FOR SMES
Wage Subsidy for SMEs Retain workers for 6 months & get subsidy to support SME workers. Terms, conditions & details at
Special Relief Low Interest Loan Eligible SMEs can receive between RM20k & RM1mil, tenure of 5 years which includes 6 month payment moratorium at low interest.
Micro Credit Loan Eligible SMEs can receive up to RM75k per entrepreneur with 0% Interest rate & 6 month payment moratorium for max 5.5 years.
SME Grants Eligible micro SMEs with sales turnover of less than RM300,000 or employs less than five people. The micro SMEs must be registered with LHDN & SSM.
Income Tax Deferment For 3 months beginning 1 April 2020.
EPF Employee Rate Reduction By 4% from 11% to 7%.
Loan DefermentSix months deferral or loan repayment moratorium, conversion of credit card balance to long-term loans & the restructuring of corporate loans.
Refer to participating banks.
Foreign Workers LevyThose with permit ending between 1 April to 31 December 2020, a 25% discount on levy fees.
Training and DevelopmentCompanies will be exempt from paying the Human Resources Development Fund (HRDF) for six months for all sectors, starting 1 April 2020.
Office Rental Discounts Rental discounts during April – Jun 2020. Tax deduction for rental waived for minimal 30% Many landlords are providing the rental waivers currently.
Please check with your landlords.
Funding Platform Connect with investors & Equity Crowd Funding & Peer-to-peer platforms for capital opportunities to help with your growth.