Malaysia Debt Ventures Berhad (MDV) today held a Media Briefing to share on MDV’s plans and initiatives for the year 2020. The briefing was held in conjunction with the Company’s Anti-Corruption Pledge ceremony with the Malaysian Anti-Corruption Commission (MACC). Present at the briefing were Chairman of MDV, Datuk Seri Lee Kah Choon and its Chief Executive Officer, Nizam Mohamed Nadzri.
Speaking to the media, Datuk Seri Lee Kah Choon highlighted that MDV’s role as a technology financier remains relevant and crucial as the country enters a new decade.
“With technology still remaining the game changer for Malaysia in achieving sustainable and equitable growth as articulated in the Shared Prosperity Vision 2030 (SPV2030), MDV remains focused and on track in supporting the growth of technology-based Small and Medium-Sized Enterprises (SMEs), particularly startups, by offering more than RM450.0 million in new financing to cater to their financing requirements in the year 2020,” said Lee.
According to Lee, through MDV’s assistance, some of the underserved technology-based companies that were initially facing difficulties in obtaining funding for their business needs are receiving the attention of other financial institutions due to their growing track records and potential for success.
“Such were the case in 2019, where eight companies that were receiving MDV’s financing equivalent to RM142.0 million in outstanding loan, were able to access financing from other commercial banks and capital markets with ease and had since been redeemed,” explained Lee.