Page 242 - SC SCAR 2023 ENGLISH Flipbook

PART 6 MARKET STATISTICS
CHART 4
Financing types
54%
47%
2022 2023
CHART 6
Fundraising purposes
98% 98%
2022 2023
Others
CHART 5
Tenure types
69%
54%
Invoice financing
Business financing
Working capital
CHART 7
Issuer: Business location
2% 2% Business expansion
21%
16%
14%
19%
18% 11%
Micro financing
2022 2023
2022 2023
16%
16%
12% 11%
Johor
29%
38% 35%
Selangor
ISSUERS
16% 14%
Kuala Lumpur
28% 24%
Others
14% 1% 1%
6% 6%
Pulau Pinang
5% 5% Perak
240
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023
3 months or less
4 to 6 months
7 to 12 months
More than 12 months
In Chart 4, a significant portion (47%) of investment notes issued in 2023 were categorised as Others2, comprising distinct product offerings from RMOs. However, investment notes issued for business and micro financing grew to 19% and 18% respectively. The majority of the investment notes were shorter term, with 54% having tenure of 3 months or less (Chart 5). The purpose of fundraising in 2023 continued to be predominantly for working capital (Chart 6).
As at end 2023, total number of issuers stood at 14,715. In 2023 alone, total number of issuers increased by 42% to 5,355 from 3,767 in 2022. In terms of business location, issuers based in Selangor and Kuala Lumpur continued to be the most served by P2P financing in 2023 at 49% (Chart 7). Non-technology focused issuers
2
Complete list of other financing types: AP financing, auto dealer program-MUV, business credit line, dealer financing, e-commerce, guaranteed settlement financing, insurance premium financing, short-term financing-NAS, short-term financing-UA, short-term financing-CBB, and working capital financing.
Percentage (%) Percentage (%)
Percentage (%) Percentage (%)