Islamic SME crowdfunder Kapital Boost ‘on target’ to triple financing this year
KUALA LUMPUR - Shariah-compliant SME crowdfunding platform Kapital Boost is on target to triple its financing this year, its chief operating officer Norliana Hamber told Salaam Gateway.
The crowdfunder provides murabahah asset financing, a cost plus profit structure, to mostly Indonesian small- and medium-sized enterprises (SMEs) but derives most of its investor pool from Singapore.
“Since we started in 2015, we have hit 4.1 million Singapore dollars ($3 million) in financing across 65 projects. In 2017 alone, we recorded 950,000 Singapore dollars ($695,192) in financing. We are trying to triple that this year,” said Hamber.
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Stephanie Augustin