Malaysian P2P microfinancier microLEAP boosted by 13.25 mln ringgit injection, to add new Islamic products
Malaysian peer-to-peer microfinancier microLEAP has received a 13.25 million ringgit ($3.26 million) boost from investment holding company MAA Group Berhad.
3.25 million ringgit comprises 1.25 mln ringgit in equity and 2 mln ringgit in advance. These funds will be used for advertising and promotions, hiring of more staff, and tech enhancements, microLEAP said in a statement on Tuesday (Jan 12).
This round follows the 2 mln ringgit in seed funding the fintech received last year from the Malaysian Technology Development Corporation.
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