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Expert Collections containing microLEAP
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
microLEAP is included in 1 Expert Collection, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Latest microLEAP News
Apr 12, 2022
By Digital News Asia April 12, 2022 Partnership will enable TheLorry convenience of invoice financing Caps at US$118,200 per investment note over a three months period Shariah-compliant P2P (peer-to-peer) financing platform, microLEAP has announced a strategic and multi-faceted partnership with TheLorry, a leading Malaysian logistics tech platform. In a joint statement, the companies said this strategic collaboration provides TheLorry with flexible and convenient invoice financing and term financing options through microLEAP’s strong base of local investors seeking shariah-compliant investment opportunities. This is in addition to the former looking to fulfil customer orders on behalf of blue-chip companies and local merchants operating via online platforms and local hypermarkets, they added. Both companies also said that the deal has a maximum cap of up to US$118,200 (RM500,000) per investment note, over a three-month period for invoice financing and a 12-month period for term financing, where both options will be shariah-compliant. Investors can expect to see gross returns of up to 15% annually, they added. Danny Nasaifuddin Mudzaffar, founder & chief executive officer of microLEAP, said the company is thrilled to have a leading, homegrown tech company like TheLorry come to its platform and provide investors with yet another strong financing Investment opportunity with solid returns. “This is very much a win-win situation for all parties involved and we look forward to successfully carrying out this long-term initiative,” he said. The company said strategic partnership will also allow TheLorry to serve its merchants more seamlessly, as the country moves into an endemic phase, signalling an opportune time to offer business financing in support of underserved SMEs. “Being a market leader in the logistics industry for eight years and constantly supporting SMEs, we are more than delighted to establish this partnership as it is in line with our vision of supporting local businesses,” said Nadhir Ashafiq, group co-CEO of TheLorry. “As international borders reopen, we hope that this new financing method will ensure smoother, more seamless business operations for our trusted merchants,” he added. Moving forward, microLEAP said it is looking to expand its presence through various partnerships with both public and private entities, while offering a win-win scenario for both Investors and Issuers that is also shariah-compliant through its platform. To date, the company has disbursed over US$4.7 million (RM20 million) of financing to its issuers, as it continues making its mark in the nation’s P2P financing industry. Click here for more details of the deal.
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microLEAP Frequently Asked Questions (FAQ)
Where is microLEAP's headquarters?
microLEAP's headquarters is located at Wisma Pesaka Antah, Selangor.
What is microLEAP's latest funding round?
microLEAP's latest funding round is Seed.
How much did microLEAP raise?
microLEAP raised a total of $3.76M.
Who are the investors of microLEAP?
Investors of microLEAP include MAA Group and Malaysian Technology Development Corporation.
Who are microLEAP's competitors?
Competitors of microLEAP include Capsphere and 1 more.
Compare microLEAP to Competitors
Lendo is a fintech startup set to launch a peer-to-peer lending platform with a core focus on SMEs debt finance. The platform offers a variety of financing products for SMEs with an initial focus towards pre-invoicing finance.
Blossom is a peer-to-peer financing marketplace for Muslims. Blossom connects small businesses with interest-free financing options using a profit-sharing model.
EthisCrowd is a Real Estate Islamic Crowdfunding platform. The company's international community of 5,000 private investors crowdfunds investments in entrepreneurial, business, trade and Real Estate activities in Emerging Asia.
Kapital Boost is an Islamic P2P crowdfunding platform based in Singapore, dedicated to providing funds to small and medium businesses.
Forus Capital operates as a debt investment marketplace registered and authorised by the Saudi Arabian Monetary Authority (SAMA).
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