Objective
MDV understands the challenges faced by start-ups who require flexible funding for liquidity assurance to ensure sustainability of their business operations. To address this, the MDV LIFTS aims to provide immediate, affordable and targeted cash flow support to VCs or Government agency-backed technology start-ups for their working capital & business development requirements via a cash line facility. MDV LIFTS will be available for application from February 2021 onwards.
Why MDV Liquidity Financing for Tech Start-ups?
Simpler Documentation
Easier & Quicker Disbursements
Quick Assessment Process
No Additional Costs & Legal Fees*
Minimal Security
Simplified Application Process
Key Features
Alleviate short-term cash flow and funding problems faced by Technology Start-ups
Purpose of Financing: Working Capital & Business Expansion
Facility Type: Cashline with semi-annual roll-over
Financing Rate: Up to 3.50% p.a.
Financing Tenure: Up to three (3) years subject to annual review
Financing Limit: Up to RM2.5million.
Warrant Cover: Up to 10% of financing limit at last funding round equity price
Security*: Personal guarantee and debenture
Fees & Cost*: No additional fees and costs. Legal fees can be drawn down from the facility
Company Eligibility
Malaysian Technology Start-ups backed by venture capital companies and government agencies. Additionally, Technology Start-ups within portfolio of government agencies will be given priority; and
Majority owned by Malaysian or majority of the staff are Malaysians or majority of revenue generated in Malaysia.
