Photo for illustrative purposes only. Medical staff putting on personal protective gear at a hospital.

Islamic Finance

Malaysian crowdfunding platforms raise funds for hospital PPE


KUALA LUMPUR - The Malaysia Digital Economy Corporation (MDEC) has enlisted three homegrown crowdfunding platforms to raise money to supply frontline health workers with critical protective equipment and supplies.

MDEC normally supports the development of the local tech economy, but since March 25 has been encouraging start-ups to join an effort to support critical workers and struggling small businesses.

The latest crowdfunding move is an extension of MDEC’s #DigitalVsCovid campaign, which kicked off last week with 80 Malaysian tech companies offering their services to struggling SMEs on a pro-bono basis or at discounted rates while most of Malaysia is in lockdown.

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tags:

COVID-19