# microLEAP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/microleap

- Industry: Financial Services
- Headquarters: Petaling Jaya, Malaysia
- Website: www.microleapasia.com
- Total disclosed funding: $0.5M
- Latest round: Seed (May 13, 2020)
- Investors on record: 1

## About

microLEAP is a peer-to-peer financing platform in Malaysia that connects accredited investors with Micro, Small, and Medium Enterprises (MSMEs), facilitating Shariah-compliant and conventional investment opportunities.Founded in 2018 in Petaling Jaya, Malaysia, microLEAP operates as a peer-to-peer financing platform that enables MSMEs to secure funds. The company was established by Norsharizal Mashahrin, with Tunku Mudzaffar serving as CEO. In January 2021, microLEAP raised USD 3.3 mn in a funding round led by MAA Group, bringing the total amount raised to USD 3.3 mn. The company has executed 2 deals to date, with the latest on January 12, 2021.microLEAP offers a peer-to-peer financing platform that provides both Shariah-compliant and conventional investment notes for MSMEs in Malaysia. The platform allows accredited investors to fund MSMEs seeking loans ranging from RM1,000 to RM500,000, with a minimum investment entry point of RM10. Investors can earn returns of up to 18% per annum, while MSMEs benefit from alternative financing solutions, addressing their challenges in accessing traditional banking facilities.microLEAP generates revenue through transaction fees related to financing activities between investors and borrowers. MSMEs are charged a small application fee of RM50 when seeking loans, which includes credit scoring services for investor assurance. Additional revenue is derived from a fixed issuer hosting fee deducted prior to fund disbursement, ensuring transparency in the transaction structure.Following the recent funding of USD 3.3 mn raised in January 2021, microLEAP plans to enhance its product offerings and expand into new geographic markets. The company is designing new financial products tailored for different segments within the MSME sector. They aim to target expansion into Southeast Asian markets by the end of 2023, facilitating broader access to financing for underserved businesses.

## Funding rounds

- Seed, May 13, 2020, $0.5M — Malaysian Technology Development

## Investors

- Malaysian Technology Development (https://capitalatlas.ai/funds/malaysian-technology-development) — Seed