MALAYSIA CO-INVESTMENT FUND (MyCIF)

Public-Private Co-Investment Model To Empower MSMES

What is MyCIF?

The Malaysia Co-investment Fund (MyCIF) was set up as part of Belanjawan 2019 in order to co-invest in Micro, Small and Medium Enterprises (MSMEs) and Social Enterprises alongside private investors via Equity Crowdfunding (ECF) and Peer-to-peer Financing (P2P) platforms.

Our Objective

Establish a public-private partnership mechanism for risk capital financing.

Create a more efficient and visible channel to disburse government funds to MSMEs.

Crowd in private investors and spur further growth in the alternative financing markets.

How does the MyCIF Funding Work?

For all MSME and startups that successfully raised funds from ECF and P2P platforms, MyCIF will invest in the following ratio:

Platform
Investment Ratio
Maximum Investment Amount
General MSME Scheme
ECF and P2P
1:4
RM1 million
Food Security Scheme
ECF and P2P
1:2
Environmental & Social Impact Scheme
ECF and P2P
1:2
Silver Economy Scheme
ECF and P2P
1:2

For instance, in case of 1:4 investment ratio, MyCIF will invest RM1 for every RM4 successfully raised from private investors on the participating platforms.

MyCIF in Numbers

Q4 2019 to Q4 2025

11,512

MSMEs which have received
co-investment
RM1.50B
Total co-invested from initial RM290M allocation
RM6.21B
Private sector investment alongside MyCIF
89%
MyCIF co-investments benefitting micro and small

Who is eligible for MyCIF?

General MSME Scheme

ALL MSMEs who meet the requirements set forth by respective MyCIF participant's platforms.

Food Security Scheme

  1. To support the national food security agenda, MyCIF will invest on a 1:2 ratio for ECF and P2P campaigns by MSMEs in upstream segment of agriculture, bio-economy sector and agritech.
  2. The above MSMEs are also eligible to be granted the following MyCIF incentives:
    1. 0% financing rate in eligible P2P campaigns; and
    2. Foregoing dividend income in eligible ECF campaigns.

  3. MyCIF incentives as stipulated in (1) and (2) above will also be applicable to MSMEs financing Waqf asset development projects falling within the same upstream segment of agriculture, bio-economy sector and agritech.
  4. The MSMEs are also required to meet the requirements set forth by respective MyCIF participant’s platform.

Environmental & Social Impact Scheme

  1. MyCIF will invest on a 1:2 ratio for ECF and P2P campaigns by MSMEs that:
    1. Create impact in the following focus areas:
      1. Community
      2. Education
      3. Environment
      4. Food Security
      5. Healthcare

    2. Meet the requirements set forth in MyCIF Impact Investment Framework.
Download:
  1. This scheme will also be applicable to MSMEs financing Waqf asset development projects that seek to create impact in the focus areas.

Silver Economy Scheme

  1. MyCIF will invest on a 1:2 for ECF and P2P campaigns by MSMEs that provide services and innovative solutions for ageing society and care economy.
  2. Companies must operate in at least one of the following focus areas:
    1. Healthcare Services
    2. Disability Support Service
    3. Health Tech & Innovation
    4. Aged-Care Services
    5. Childcare Services

Islamic Risk-Sharing Incentives

  1. To complement existing MyCIF schemes and promote greater adoption of Islamic financing risk-sharing solutions (Musharakah and Mudharabah) via ECF and P2P platforms.
  2. For a limited period, MSMEs will be eligible for the following additional incentives, available until the end of 2026:
    1. MyCIF will invest on a first-loss basis in ECF and P2P campaigns structured under Islamic risk-sharing models.
    2. For P2P campaigns, MyCIF will additionally invest at a 0% financing rate.

Profit-Sharing Incentive

  1. A new incentive to attract venture capital (VC) and private equity (PE) led deals on equity crowdfunding (ECF) platforms, giving opportunities to crowd investors to participate in institutionally backed deals.
  2. MyCIF will share 50% of the profits with VC and PE lead investors delivering exits on these investments.

Download:

Terms and Conditions Relating to MyCIF Scheme

Terms & Conditions Relating to Malaysia Co-Investment Fund Scheme
Amended on 21 November 2025
Effective on 27 September 2019

Read more

How to Apply for MyCIF? 

Apply

Apply for financing from any of the ECF and P2P platforms participating in the MyCIF Scheme. List of participating platforms. 

Get Funded 

Get funded from private investors via the ECF or P2P platform.

Eligible for MyCIF

If successfully fulfill the private funding target, the P2P or ECF platform will help to access to MyCIF funding.

Catalytic Capital for National Impact

download pdf

MyCIF Participating Platforms

  Equity Crowdfunding (ECF)
  1. Crowdo Malaysia Sdn Bhd
  2. iPivot Sdn Bhd
  3. Ethis Ventures Sdn Bhd
  4. Eureeca SEA Sdn Bhd
  5. FBM Crowdtech Sdn Bhd
  6. Alta Sdn Bhd
  7. Leet Capital Sdn Bhd
  8. MyStartr Sdn Bhd
  9. Pitch Platforms Sdn Bhd
  10. Ata Plus Sdn Bhd
  11. Wahed X Sdn Bhd
  Peer-to-Peer Financing (P2P)
  1. Bay Smart Capital Ventures Sdn Bhd
  2. B2B Finpal Sdn Bhd
  3. CapSphere Services Sdn Bhd
  4. Crowd Sense Sdn Bhd
  5. FBM Crowdtech Sdn Bhd
  6. Microleap PLT
  7. Modalku Ventures Sdn Bhd
  8. MoneySave Capital PLT
  9. Peoplender Sdn Bhd
  10. QuicKash Malaysia Sdn Bhd

Incentives for MyCIF Participating Platforms

The Malaysia Co-Investment Fund (“MyCIF”) offers advocacy incentives to support efforts by MyCIF participating platforms in executing impactful awareness and advocacy initiatives. These efforts aim to foster the growth of MSMEs through equity crowdfunding (ECF) and peer-to-peer (P2P) financing.
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Resources

Presentation

Rountable Discussion

Finance Minister II, YB Senator Datuk Seri Amir Hamzah Azizan chaired a rountable discussion with platform operators and successful issuers alongside YBhg. Datuk Johan Mahmood Merican and YBhg. Dato' Seri Dr Awang Adek Hussin to gain further insights on MyCIF and its benefits.

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MyCIF Video

click here to play video

Announcement

In 2022, a special ratio of 1:2 will be applied to all eligible MSMEs in agriculture sector, to encourage more innovation in the agriculture business and address national and global food security challenges.

Publications

Annual Report

  1. MyCIF Annual Report 2020
  2. MyCIF Annual Report 2021
  3. MyCIF Annual Report 2022
  4. MyCIF Annual Report 2023
  5. MyCIF Annual Report 2024

Media Coverage

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